Trey your on the right track but you should be able to reap the benefits and limit your liability as well.In CA, we have this form below that basically tells a seller that you are not representing them and they should seek legal,tax,etc. counsel if they need it.http://www.wrightrealtors.com/pdf/non_agency.pdfThe good thing about TX, is that the laws are much different and the disclosure requirements are much less.

Additionally, I don't see the benefit of selling the loan to begin with for the mortgagee.

Hello,I am in the very early stages of talking to a couple of different property owners about the possibility of buying their existing rental properties and them carrying part of the total purchase price as a 'second note' (assuming other lenders would only want to lend in the first position.These properties range from 6 to 8 units owned free and clear, a 6 unit with about a 40% LTV loan on it, and some single families that range from free and clear to 80% LTV loans.These could be done in a SDIRA, or not, depending on the benefits to each way.

He made a large investment that flopped a bit ago along with a divorce etc things got messy, the goal is to create equity so he can buy his own warehouse so as as I build properties when he positions himself in better financial position (2-3 years) he'll start buying properties off of me and my goal is to purchase more properties with the money I receive from him.Being that it is a family company and I am the oldest I am next to take over the company when and if my dad decides to retire (which I doubt he ever will, he's a workaholic) but I see it benefiting everyone involved.Again I could be wrong but I feel like I have the right people behind me and I know the employees would be open to this let's say that of the 43% that said yes 10-15% actually are serious about it that will give me enough to fill the two homes.The super point is a good one, I may have to put more thought into that one.Again, thank you.

In recent years Congress enacted two amendments to Section 121 in order to limit the benefits of Section 121 when the property has been used as a rental.First, if you acquire property in a 1031 exchange and then convert it to your primary residence, you must own it at least five years before being eligible for the Section 121 exclusion.Second, the amount of gain that you can exclude will be reduced to the extent that the house was used for something other than a primary residence during the period of ownership.

But for me, when I assess the cost vs. benefit and risk, it is not worth it.Here is the problem I have with EBB heaters.

Borrowers are more accountable.In some entities, a member or stockholder may have an equity position attached to assets, rights to employee contributions, pay, benefits or internal arrangements that may limit the ability to liquidate assets or attach accounts, such arrangements are generally provided among those having a major or significant interest.

And you get the benefit of having 50 past ones to catch up on.

And you get the benefit of having 50 past ones to catch up on.

And you get the benefit of having over 80 past ones to catch up on.Two Great reads, I bought both J.