Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

Even 600k loan at 10% interest costs $165 a day.

Just sell and pay off that loan or two.

That first deal after a break can feel like a big leap, but it sounds like a great opportunity.On financing, seller financing, private lenders, or portfolio loans from local banks could be worth exploring if you want alternatives to hard money.Excited to see how this deal goes for you.

I've managed to secure the loan for the new house without having to sell the old house first.

That is usually how they determine your LTV (Loan To Value).1.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

Thank you.I've personally bought and sold over 15 properties, was a Realtor in Texas for 5 years, and a loan originator for almost 10.

Are you familiar with Creative Financing such as Subject To (SubTo), SubTail, WRAPS, Short Term Lending, and Bridge loans?