Nice, Carlos, except I never put up any security for a neighbor, they just apparently used my identity 26 years ago and since it was never reported on my credit report before now, I didn't know anything about it, and I now have to come up with documents from 26 years ago which I do not have as I thought 7 years was the limit to dispute a witness he used that was an old, ill tenant of his that did not want her rent raised and is dead now, not a bank employee or even a notarized statement that would verify it, to to prove it wasn't me.

@Damaris Conrad yes, sounds like a "subject to" to me.

But my current focus is on wholesaling & rehabbing locally, in Rhode Island and southeast Massachusetts.My goals are to to be debt free in 5 yrs; own 10-12 single family rentals in 10 yrs; working solely "on the business", not "in the business" in 5 yrs; leave a legacy for my children & grandchildren in 7-10 yrs; and support my church & my community with 15-20% of my income in 7-10 yrs.My background in real estate is grounded primarily in and with a national network team of investors where we are always learning and sharing.

In fact, I try to to have three guys for every trade, and event that is sometimes not enough! 

And how many votes in proportion to to that (which usually avoids the "welcome wagon" posters as Jay calls them)?

@Mary lou L.I'm 54 yrs old.My father passed away when I was 21 and my brother was 20.Parents had some properties that we had to tend to.We  1031 exchanged some into other properties.Bought personal homes and then rented them out after moving on.Didnt get real serious about building wealth until 2006.I was 45 yrs old then, realizing retirement yrs were right around the corner.We accelerated real estate investment to retire comfortably.Accumulated 8 more rentals,flipped some,and started private lending.Yes I wish we were more aggressive in our 20's and 30's.But we didn't have anyone or BP to to teach us what or how to do it and why it was important.Lord knows our educational system did not teach us about wealth building for retirement.We learned it ourselves and and a lot of times it was the hard costly way.So in order to keep history from repeating itself we are consciously trying to educate our children and other youngsters  on the importance of financial literacy and the implementation of that knowledge.Father time stops for no one and doesn't care how you spend your life.It's up to us to create our financial future no matter what age we start.Good luck to all us old farts and young farts.

Live within your means and avoid borrowing more than you absolutely have to, to pay for your education.Your education can be your ticket to your no money problem. 

Can you imagine an average BP member, trying to explain 'subject to' to an average buyer's agent, who then has to explain it to an average listing agent, who then has to explain it to an average seller?

That's what we basically look at in larger loans, investors need to be aware of the big picture and keep an eye on their accumulation of debt, you have to to succeed. :)      

Hey Jon great asking questions on here, remember the only STUPID questions are the ones never asked..The cash out refi programs are leveraging 70-75% of the appraised value so when you are finished with rehabyou will open it back up with title to have the property refinanced with a lender at which time you will pay between 400-700 dollars for a 3rd party non affiliated appraisal company to appraise your property (always run tight comps, if the house is brick and 2 story then find other houses that are the same in the same area that have sold within 6 months if you dont have access to good comps ask 3 different realtors to run CMAs on your property and get the avg and multiply that average by 90%)once your property is appraised you will go to close with the adjusted amount from lender to meet the qualifying coveragefor instanceyou are ALL IN for 120k (also include all carry and closing costs) and you find a lender that will cash out refinance (or not cash out different states have different % lending stipulations) at 75% LTV your property gets APPRAISED at 150k that means the lender will lend you 75% of that number which is 113kso you will NEED to to come out of pocket to finance the difference of 113k and 120k plus closing costs in orderto keep the property.