I will of course negotiate the best deal that I can get and was thinking of asking for a promissory note to make up the difference (if they don't have the cash)Their DTI is based on ALL debt payments that are over 6 mos in duration.

You can reuse them by changing a couple of lines to fit the new property (address, amount, duration, etc.) and each of you can have your own LLC if you think you want/need that, as a signatory to the Agreement or you can use your personal name.

That is a huge comfort to sellers, who may need to take out another loan during the duration of the subto agreement.

Or are you locked in to the duration of the mortgage once you take over payments?

From what I've learned, many more deals are to come the longer you're in on the game.I know I probably seem like I'm talking a little ahead of myself, but it only makes sense that people who are active for longer durations with aggressive marketing will be able to perform better as wholesalers.

Can anyone that has closed wholesale probate transactions shed some light regarding the probate duration?

And make sure there is a minimum tenancy duration for it.

If banks are issuing debt that they believe will have an average duration of 7 or so years and are pricing it accordingly I guess you could argue that their interest is being impaired a bit by someone piggybacking on the note and extending the average duration.

I try to not go too much over 12 months for a lease duration; I will go to 15 months if I am filling a unit in January or February (because the "hot season" for tenant placement starts in May through August).You have one known - you're getting less rent.You have lots of unknowns.

Your tenant is responsible for the duration of their lease.