Creative financing is a curious termYou can be a real estate operator instead of an investor and make money with very little capitalWhen I present to the seller that has very little equity like 95% loan to value, they are stuck, and they need some helpIt is up to the real estate operator to show how song on charms will help preserve the little equity dollars instead of selling cash with an agentSubject to and wraps have their place when buying on terms if you buy on sub 2 and a note you can structure the note in such a way that is in your favor, such as a moratorium or interest-only payments etc.Sometimes you don't want to but you just want to get the cash flow and do a master lease or a master lease option in case of multifamilyYou going to need some money to have a real estate operations so think about recruiting some capital.

It is one of the most historic neighborhoods in the country, so preserving it has become a focus as of late.I know I rattled on here, but I wanted to give a perspective from someone who truly knows the city. 

The only hiccup is that they have to have Sec. 42 housing available to get tax credits and preserve a bunch of the building to get the historic tax credits.

And yet, most wealth is preserved in RE.

If you have limited capital, buying properties at 75% FMV would allow you to preserve your working capital for new deals.

To preserve your equity you'd have to foreclose and then pay off the 1st.  

And we all know that the first rule for preserving one's mental health and faith in humanity in our modern world is "don't read the comments section!"

Richard C. made a very good point-- you then need to ACT in accord to preserve any insulation from liability, and most people simply do not.  

It is a very risky game to guess loan balances as banks will assess some hefty fees for things such as "property preservation", I have seen as much as $70,000.00 of ridiculous fees like these in my experience.

If you are interested in preserving the relationship and family peace then this is a very dicey area to enter into.