I am curious if other investors create a business plan or provide other documentation to loan officers?

Hello everyone, I am looking to get a loan on my first commercial reast estate deal.

If there is a loan on it, buy subject to and finance the difference

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Yes, I am dually licensed to originate loans 

However right now I think in Dallas county if you have any type of government loan you need to give 30 day notice if I remember correctly. 

@John UnderwoodMost likely it was a land contract they were buying which also would include assignment of land contractFor deed of trust / mortgage you get the assignment and allongeI know they are coming out with improvements to the site.If you think the buying process is challenging wait till you have to transfer a loan for servicing (not a paperstac issue) but that process is like catching your nails on a chalkboard

The Zillow lease (like so many other leases you can get online) may not have provisions that are beneficial to you as a landlord.

A bank will give me a loan (if its ARV is good) and I can use that new loan to pay off the original home equity, and buy another home plus pocket the difference?