We provide this lending criteria to all potential borrowers in an email, shortly after we’ve met.Background: What is your lending background?

Do you know any insurer that would provide the 1 million dollar coverage?

I work with out of state investors daily and one thing that helps them tremendously is working with an experienced turn-key provider.

Even after one year, that property may provide thousands of dollars worth of appreciation, you will pay down your loan and build some equity, and you can depreciate the asset. 

He pays seller's note ("outside" loan), and then the seller turns around and pays his loan ("inside" loan).

You can get up to a 4-plex with an FHA loan.

If you sell your only overachiever to go with a more leveraged position, you could have 2-3 properties that may cover themselves or even provide a little profit, but when the rental markets shift (and they do), now you have 2-3 properties that all require you to supplement for their shortages. 

That said, I will still try to provide some “clarity”.Purchasing a property “subject to “ the existing debt can be done two ways.  

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

If you need any help with the financing, Aslan is beginning to offer the Chattel loan very soon which could be a great help.