See your attorney and make dang sure that the collateral substituted is worth more than what your seller had before!!!

Some banks refer to it as a 'substitution line' since the purpose of the line is for buying (or building) using other collateral, or substituted collateral, already pledged by the line.

@KevinYeatsSome lenders have a one time 20% substitution where you can sell a property and replace it with a like property.

But I don't see how non-real estate related military experience would be a substitute to having real estate experience.

(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)

But sometimes you can substitute your education for other people's money.

There is no substitute for being physically present with experienced investors.Let me know if you need any help finding other resources to help you get started!

Just keep in mind, you will NOT learn what to watch out for and there is no substitution for real life experiences.

I found the following definition of bait and switch on wikipedia: "In retail sales, a bait and switch is a form of fraud in which the party putting forth the fraud lures in customers by advertising a product or service at an unprofitably low price, then reveals to potential customers that the advertised good is not available but that a substitute is."

There is no substitute for that and never will be.