There are serious differences between contracts for deeds and notes, and each party should consult their respective legal advisors.Many different characteristics will determine the price and saleability of these legal instruments.  

4155.1 4.B.2.b FHA Requirement for Establishing Owner Occupancy At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied.

It has been so instrumental in our investing journey, and in my growth as a real estate agent. 

In the idea of a NPN, this will also be required in order to substitute a plaintiff in a foreclosure action or other legal matters.A debt investor who provides capital and then places a security instrument in place such as a UCC lien will have other issues in regards to UCC regulations.

You may be looking at some tax roll summary that only has the first instrument recorded when title changed hands to its current owner.My guess is that there is a single mortgage on the property from 2011 for $251,300 that was sold twice in the secondary market.Without seeing the full abstract, you can't know for sure.

Great questions, virtual tours and floor plans can be instrumental in renting the property to qualified tenants in a shorter period of time, however these things can be costly.

Re "apply for the mortgage together": as a beginner, you are confusing terminology a bit here, so let's break it down into the various parts.People apply for a "loan secured by real estate", and refer to that as "applying for a mortgage", but that is not following the strictest definitions of the terms.A "loan secured by real estate" consists of two components: a promissory note, and a security instrument that pledges the real estate as collateral to secure the loan.

I stammered and said to the broker, it was a sure fire thing, mortgage backed, how could I lose money on it.I turns out the market value, not face value, of fixed rate instruments is dependent on interest rate.

I prefer Texas as I have my Audioprosthologist license (hearing instrument specialist) license there.I'm also considering multifamily options such as 2, 3, 4-plexes etc.We owned a small property in California 12 years ago with several little bungelow type dwellings on it.  

I have an oppt. will not/cannot pass.Take for example a quote (by my memory) by: Robert Kyosaki:"Their are investment instruments offered to the rich which surpass and break the rules of standard mediocre investments."