Is it possible to pay off their initial debt and then set up a sub2 or owner financed option?

So now am working a second job, paying down hurricane debt, and will start saving g again in a couple of months.

Is it possible to pay off their initial debt and then set up a sub2 or owner financed option?

Offer the note for as a down payment on the real estate you desire to own.same as #3, but ask the seller to take back some paper also (if not all of it) this is called "papering out"create a note again on one of your equities - sell the note for a cash discountmake an offer on the property you want subject to a 1031 exchange or subject to an outright sale of another propertyoffer one of your properties for sale with a deep discount (you'll have lots of interest) with an option to buy back in a few years (you get cash and have an option to buy your property back - buyer has your property and cash flow for a period of time plus a great yield on his investment)borrow on your home - use the proceed for cash flow real estatedon't buy - C O N T R O L  the property you want with a skinny contract of sale - with the right to market and possession if it is vacant (do a little work and improvements) offer it for sale at price that will give you a nice profit  - assign your contract for a profit.

Do CODE VIOLATION SEARCH.9Calculate MAX Bid PriceOnce the properties are filtered with the above criteria, set the max bid price between 60% and 75% of Fair Market Value or ARV10Bid StrategyDetermine the low starting and maximum bidding amount, to be agreed by GENERAL PARTNERS11BiddingEnsure 5% of max bid price is in County bidding bank account 3 days prior to bidding12Property Win BidEnsure funds are wired to County bank within 24 hours of WIN13Send File to Lawyer/Title SearchIf property is still occupied, have Legal file a “Writ of Possession” to get former owner removed, Perform Extensive Title Review, Negotiate any existing Liens14Receive TitleReceipt of Certificate of Purchase, Certificate of Title to occur within 3-4 weeks from date of winning Bid, continue follow up with County until received

want to know if this is too good to be true or if this 3.5% is on top of some other rate. i really don't know much about this. and also i only make 70k a year with no debt is it possible to qualify for 500k with such little income?

Wish they could own a home, but aren't ready yet for whatever reason (no down payment, debt to income ratio too high, etc.)Duplex: Not too much different than a single family home, as you're only sharing one wall, a fence, and a driveway.

If the deal fell through with the agency debt then it probably was a good thing.  

want to know if this is too good to be true or if this 3.5% is on top of some other rate. i really don't know much about this. and also i only make 70k a year with no debt is it possible to qualify for 500k with such little income?

Debt or equity?