If you give the buyer a new mortgage at a higher balance and interest rate, and therefore higher payment, than the one you're paying, you're doing a wrap.Biggest downside is that it triggers the due-on-sale clause in your mortgage, which may, but probably won't, result in your lender calling it due.

Triggered, I think, but this whole subprime mess.

BTW, I do know how to use the search function so I'll try and research before pulling the trigger.

So if I’m going to pull the trigger I think now would be good time.

You might need to use a trigger mechanism.

I didn't pull the trigger and am glad I didn't.

Hey Greg,I originally started out in residential as a real estate broker.I looked at residential for investment but never pulled the trigger for various reasons.I felt back then the market couldn't keep going up and I was right.I know many sellers now that are STUCK and wish they could buy but they can't because they bought at the height of the market.I only do commercial now.From an earnings standpoint as a broker it doesn't make sense for me to put in 40 offers for an investor on a small house to maybe make 700 to 1,000 bucks on the deal when it finally happens.If I can put the same time and effort into commercial and make 10 to 100 times that much on 1 deal then why work more for less??

And I receive about 300 plus emails daily with webinars that promise secrets to niches no one knows and free info then you are being offered $500 programs and website member ships. now if your mailing to about 5,000 people for 6 months straight advertise constantly(which if you don't no is all set on a timer there auto responder trigger automatically), image odds 5,000 people $500 a program if only 20 people join that's $20,000!

I like what I'm seeing in the FreedomSoft products.I'm 2 seconds from pulling the trigger on the silver package.What is your professional opinion of FreedomSoft?

The distribution would trigger a 1099 which would result in taxes.