Your established relationship is a good thing, but keep looking, there are lending alternatives to the arrangement you mentioned.This was a pretty good opportunity and if all of your numbers are accurate, it sounds like a real "bread and butter" type of winning deal.

20+ years in the game.

Hey Rachelle, welcome to the game.

I've been at this game for a while now I have the scars to prove it :)I've been reading this site whenever I get a chance so I'd like to share my experience where I can contribute, learn where I can, and network.Looking forward to becoming a member of this community.Gursel

Thanks @Akiva L. for the links you provided, this way go long way into helping network with established REI in the metro Detroit area.

I've established some relationships with real estate agents as well as wholesaler's in the Valley, but I'm interested in hearing both sides of the argument (i.e. folks who have used a real estate agent and those who have not).As a bit of background - This will be my first property that I purchase and expect to finance it using an FHA loan (3.5% down, leaving a cushion in my bank account for any unforeseen expenses).

I am new to the game and have some questions as I have recently started to question my choice in PM.

Selling the property "Subject To", by conveying title to a new person without satisfying the loan, does not remove you as a borrower or remove the obligation established through the security instrument and note.

But that's a different game altogether.

You will, eventually, establish the relationships you need.