I also don't want my credit to take a hit with all this loan activity. 

Whether you use an Equity Line Of Credit, or private loans, there's no escaping the hit your current cash flow would take!

While this doesn't mean that you shouldn't keep your eye out for other deals that are on the website, preparing for future deals puts you ahead of the curve from the untrained bidder.

We are also looking to purchase a second multi family at the same time which I am fully prepared to put 20% down as long as the initial duplex is 5-10%.Many thanks,Phil.

My renters would really like to buy it but her credit isn't quite good enough for conventional (620ish).

Martin ,,the other thing is folks that get scammed are usually quite reluctant to post about it.. one they don't want to be embarressed that they sent 500.00 to that nice person on BP who promised them a private money loan at 5% interest for 30 years with nothing down and no real credit.. this is RAMPANT on all social media from BP to Linkdin to Facebook.

Send me good deals, we can definitely partner up if I see that you have done research and prepared a good deal.

While I have tremendous respect for his courage to own his own business he has taught me the importance of preparation.

Hello BPIts been a while since I have posted on this site, But I always end up back on this site for advice.I'm currently preparing to purchase a primary residence.

Hi @Vishal Patel, since I just started to learn about real estate I too felt weird at first of the "subject to" but after reading up on it, it could make perfect sense for the seller in a tough position as most seller are not trying to ruing their credit.