Either way if you personally guaranteed the note, yes it will affect your personal credit no matter who the property is titled to.

I own a 200 year old house that has a very low cost of repairs and maintenance over the 4 years I've owned it.

I made a low offer and it was accepted.

I have also have saved almost $50K so far to take a start in this game and also my personal credit score is above 750.I'd like someone to guide me purchasing my first property and want to kickstart with a small property first.

I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate with No (and Low) Money DownWhat order do you recommend reading them in?

I could be misunderstanding how this deal was structured, but wouldn't the seller who is on the underlying mortgage have an incentive not to let it go into foreclosure since their credit is at stake?

I know the area like the back of my hand and believe Indiana has tons of upside to invest in.I came from a low-middle-class family of teachers.

I would search for a property that has a low interest rate Fha or VA loan.

The median home price is also very low nationwide which creates a low barrier to entry.

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer.