Or would trigger cloud?

I've been reading about land trusts and it seems that they might be a better vehicle for buying homes that are mortgaged because they may not trigger the due-on-sale clause.If I wanted to buy a house subject to an existing mortgage, could I just make offers to sellers on the MLS or would most selling agents even present a sub2 offer to a seller?

:-) I've only been a passive investor in misc partnerships to date and do not have any opinion formed about NRIA or the concept, Philly market, etc.

This is the time bomb that will implode the system leading to either an Amero currency (think Trans Pacific Partnership) or the Bancor (one world currency ssdrs)It's painfully obvious that real estate valuations are once again at asset-bubble extremes.Correspondent Mark G. submitted a chart of the Wilshire REIT (real estate investment trusts) index that sums up the current real estate market in one image: it's painfully obvious that real estate valuations are once again at asset-bubble extremes, one that's even bigger than the last RE bubble that popped in 2008 with devastating consequences to the global economy.http://www.zerohedge.com/news/2013-10-30/what-real-estate-bubble-oh-you-mean-one-thats-bigger-2007-bubbleThis is important for the housing market, because mortgage rates tend to follow the yield on 10 year U.S.

My point is not that these are hard rules but that the documentation has a different feel.You can then use what you've learned is common practice in your area and search for those documents suggesting a major life event has been triggered.

I am trying to figure out the best way to set up a limited partnership.

Additionally and unfortunately, your lack of track record most likely precludes you from having any serious shot at putting together an investment partnership or syndication.

See if they want to do a partnership with you to buy the house.

I partnered with two people in 2013 -- one turned out to be the best partnership of my life (circumstances required him to do most of the work and I'll spend as long as it takes to repay him for his hard work) and the other turned out to be the worst (circumstances required me to do most of the work and he bailed on me before fulfilling his end of the deal).Main lesson learned: Rarely will a partnership work out where both sides do equal work -- if you're doing the bulk of the work, beware; if your partner is doing the bulk of the work, be thankful and don't take advantage.

Title held in a partnership has advantages over a mortgage.What does your "lender" want?