The mortgage remains in the seller’s name, but the buyer gains ownership of the property and makes the payments.Risk: This can trigger the Due on Sale Clause, so it’s essential to understand the risks and have a plan in place if the lender calls the loan due.Wraparound Mortgage (All-Inclusive Trust Deed - AITD):Definition: A wraparound mortgage involves creating a new mortgage that "wraps around" the existing one.

Managing the $30,000 renovation budget required careful oversight to ensure timely completion.

Managing the $20,000 renovation budget required careful oversight to ensure timely completion.

We plan on making this our primary residence. 

Managing the $20,000 to $30,000 renovation budget required careful oversight to ensure timely completion.

@Jerry SanfordCongratulations on planning to buy your first home at such a young age!

Hi everyone, I'm planning to set up a revocable living trust.

I would make sure you have a solid plan and exit strategy if you are using a credit card to do this.

@Noyessie Hubert Down Payment Assistance is part of the loan process and your loan officer should be taking care of this for you.

Unless you plan to pair it with a construction division or can build out a brokerage and the property management is utilized to bring in and/or retain business, it's not a great business to be in if you plan to manage 3rd party assets.