Hello all,We have a prospective family friend that would like to do a sale private party.

Best part is that unlike the old UPREIT that triggered a tax if the initial property is sold, today’s structure is immune.

It seems duplexes are valued on rent rates for the most part. I

So if one is going to stack up senior loans and wrap them with owners who cant get mortgages IE sub prime the person doing this better have a boat load of reserves to pay off the underlying when the deals go belly up.. that's the side of the coin that the guru is not going to talk about. 

Most will require basic documentation such as a complete loan application, ID, Entity Docs, and 3rd party contact information.

I have read I will need to use a third party service to make this happen.  

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

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If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.

I've done a couple of direct loans, but for the most part, I work with a mortgage broker who brings deals to me.