You would need to let them know you are 2nd lender and want to pay the loan off.

I get what your saying I was employed in the late 80s by a big syndicator in SF who had over 250 different apartments  senior housing student housing shopping  MHP and i headed up land development for them..

If it is a good business with a hard to finance issue, he'll work with the loan team to figure out how to lend to them.

So house for house, apartment building for apartment building.Have your parents considered renting the house they are living in for two years and moving back into the rental unit for 25 months.

They asked me to empty my savings, max out cards and then finally to take out a loan.

SubTo is taking over someone elses loan.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

Hi Jenna, house-hacking is the way to go.

I can only imagine that they got a bunch of big time investors and business loans to grow this out.

What the city housing clerk is telling me is that there was a water leak from behind the sink pedestal on the second floor bathroom that has been running for a week.