I have a house and I'm thinking of taking advantage of this great market opportunity to buy a newer house for myself, then rent out my existing house.Now, I'm worried about the possibility that I won't be able to rent my current house in the future as my house is in a bad neighborhood.How would you proceed and/or how would you prepare for months when you can't rent out a property?

Subject-to" as you'll know it, is simply buying a property "subject-to" its existing mortgage.

That is a shame that you were not able to use a no seasoning option.Any lender underwriting to Fannie Mae guidelines should be able to do a no seasoning cash out refinance whether it was from an all cash purchase or refi of an existing purchase money loan.

There are, of course, rules and regulations which we must follow as moderators.

Therefore, after operating expenses, you have 50% of the gross rents left with which to pay the mortgage payment and for any profit.If you've been in business for 8 years, you should understand operating expenses - they exist in every business.Mike

Usually I end up somewhere around a 75% LTV loan to keep the existing property still cash flowing on it's own.

If you are starting out, I think it is a good idea to get a feel for all of the options that exist in real estate.

macwriter,I will try to add to the existing solid advice.

Pretending that expenses don't exist doesn't make them go away.

I would like to purchase existing notes at a discount and hold them in my portfolio.