Yeah, it makes it harder to determine which of the big listing sites that impacts you.

The same as any refinance, the 1st position debt (subto loan) will be paid off at closing. 

So it would be best for him to first understand how this would impact his taxes and estate planning then structure the sale based on that.

@Byoung Bae would NOT recommend an inexperienced investor try to DIY manage OOS anything other than a Class A rental.The odds are against you and you will statistically lose a LOT of money.Read below for some friendly advice:-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

They are inherently riskier loans so it takes a baseline level of trust, or legal protections, to ensure that the Gap lender in question is protected because being in subordinate position on title means that if it gets sold for less (via bankruptcy or any number of proceedings), you are more likely to lose your money.You also need to make sure that your primary mortgage holder on the deal is okay with there being a Gap funder.

I recently went through an exercise where I examined each property in my portfolio to decide if my capital was positioned the way I wanted it to be and that had me consider selling this property.

Wondering about the impact of AI on marketing strategies in real estate?

Although I’m guessing most people in this position would use Wordpress or something more customizable.

We're finally in the position to be able to move forward with our goal of running a fix and flip business, but as anyone reading this surely knows, building up the courage for that first step has stopped so many would-be investors before they ever got started.

To generalize broadly, most who call themselves private or hard money lenders (or any of the other euphemisms for the same thing) typically originate first-position or (rarely) second-position performing real estate loans.