Hello Everyone, My name is Jacqueline, while driving for dollars I saw a house that seems vacant.  I am not sure that it is.  I researched the property and found out who the owners are.  From what I can tell the house...

It is more of a case by case basis and there is much debate on this very subject all over this forum and the web.

What a great way to increase the quality and equity from your portfolio.Suppose you have a stable of 5-10 properties, maybe low income and there is about $100,000 in potential equity.You could offer those properties for sale subject to a 1031 tax deferred exchange.

@Thomas Carney from the information you presented, the type of situation you are trying to set up would be titled a Subject to.

It's just my opinion on the subject.

DON'T make these types a partner for yourself, lest you subject yourself and your finances to great and terrible risk.5) Tax implications - understand the formation of the LLC in Tennessee(you said you are looking at Memphis), how business 'flow through' income works for partnerships in corporations, and also learn which types of income are subject to social security tax vs.  

@Donna SalmierySorry about that, but, it happens frequently.

Look for opportunities that you can purchase subject to the existing mortgage with a small downpayment.  

If you are in a position to do owner financing, or it you are doing wraps on "subject too" properties you could advertise NO Qualifying. 

I would also type in what aspect of investing you are interested in (ie wholesaling, foreclosures, etc) in the search bar of the forums to read up on what other investors have said about the subject.