@Brandon Pimm my friend and I are in jersey as well looking at Allentown as potential first rental property purchases.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

This is handy especially when the wholesaler is lying to the owner as well about their intentions. 

That said, I’d encourage you to take a look at Memphis, TN as well.

Cash buyers & investors are also skiddish due to the increase in crime as well as DC’s crackdown on AirBNB’s and tenant/friendly TOPA policies.

You have one set of bills but 4 rents coming in.

I started diving back into learning by reading the Real Estate Rookie and was hoping to put myself out there and find some like minded individuals that are in the beginning stages of their investing career as well.

I would suggest you up your rate from 8% to 10% to help off-set some of that cost. 10% is doable all day long here in Texas.

Hi @Leila, can you please share your experience with Y Street Capital with me as well?

Lemos: Quote from @Jay Hinrichs: well there is a few ways you can do that.. and Assignment gives the world notice that you own your % as its recorded at the county recorder.