There is really no data on this so most of the numbers are just proposed.

@Scott GorhamSome of the strategies for buying a property if the original mortgage stays in the seller's name would be subject-to or a wraparound mortgage.

It’s great to see your enthusiasm, and you’re in the right place—this community is full of knowledgeable and supportive investors, professionals, and entrepreneurs.

I own a lot more than 2 homes and all these years later still have never bothered with LLCs - I just keep really good insurance.

What made you interested in investing in this type of deal?

I think their general stance is going to be to go with whichever comparable property has the greatest degree of similarity in terms of (probably, in this order): location, age built, quality of construction/current condition, and square footage.

The house needs lots of repairs and has a lot of zone violations, might be up for demo, so they walk away.  

She let me know yesterday that they just extended their stay til March of 2025.

I have a great 1031 company I work with that has a lot of education and information if you want me to send it over. 

To my understanding, the deed should still be recorded before that as this happens as part of the recording process.