They are also not something you should take lightly since they can cause some serious damage over time.

Further, the reason for sale sub to may be because of some property deficiency that does not allow the property to qualify for new financing, or the property may not be worth the amount owed forcing the seller to “compensate” a higher than market price with either “easy or no qualifying” or a low interest rate.

I was going to have to get a zoning variance because the subject property was in a low density residential zone.  

Here’s a tip: Lowes usually has zero-interest financing sales 2 or 3 times per year.

Hi @Brian Scott,With your low FHA rate, moving isn’t ideal, so using your current property’s equity could be a great option.

I can however purchase the house cash for $30,000 without having any title work but of course take the risk on of someone potentially claiming their stake (the odds of this seem very low).

I totally agree with Eric, for your first deal look to something with as low risk as you can.  

Single-family home prices and rents are primarily driven by supply and demand dynamics, with interest rates playing a crucial role.Supply:Existing homes for sale have hit a near 30-year low.​​

This is bogus if buyer and seller are independent parties (if the parties are associated then I understand setting true value) as there is usually a reason for the discount purchase (risk items like unpermitted work, crazy low rents in rent controlled area, hoarder, heavy need of rehab, etc).  

Hello,A job relocation to San Francisco CA early this year is making me ponder if I should be selling my owner occupied duplex in Jersey City and buy something in Berkeley CA due to its proximity to San Francisco and has some fairly decent schools  for my kids and also UC Berkeley .The low  2.5% interest rate on the Jersey City property turned into a golden chain but I think I am done with managing tenants and property and would like to get more into an Equity play.