Originally posted by @Jordan Delacruz:Wassup guys.

Originally bought to relocate to.How did you find this deal and how did you negotiate it?

Hi Carlo, I have been originating private money and commercial notes for close to 10 years. 

You can turn always turn the home into a rental but at origination, your intent must be to live there within 60 days.A twist a lender can answer: The service member will be living there in 6 months but the spouse and kids can go early.

Additionally, your response seems 'cut & pasted' as you bring up things, which have nothing to do with my original post. 

@John CavaI missed a key point of your original question, but it goes back to discussing valuation with your custodian.You will value the property to get the new value.The IRA at this time will own 90%, so the valuation the custodian cares about is that 90%. 

It's advisable to work with a real estate attorney who is familiar with subject-to transactions to navigate any legal complexities.Risk and Liability: As the original borrower, you retain liability for the mortgage even after selling the property "subject to."

Originally posted by James Vermillion: I am going to go a bit off topic here...I have been thinking about purchasing a rowing machine for a while now and this thread, and thinking about how much my physical activity has gone down in the last year (since I left the Air Force), is making me think about it even more.

Hi guys, I'm new here and to real estate I'm originally from Asheville, NC but the Army moved me to Clarksville, TN I'm looking forward to getting my first rental property and keep learning and expanding my portfolio so I can set myself up in a better position for the future so I can spend more time with family and friends and not be forced to have a W2 job for 50+ hours a week.

It requires revision of the stated principal of the loan, triggering specific rules known as OID - original issue discount.