It is also important to notate what is being implied here is the conveyance of BOTH the security instrument (DOT/Mortgage) and the Note.

I rented a 1/1 flat from a local REI in a cute 8-unit multiplex and paid cash up front for a 6mo lease to secure a lower monthly rate.

The Seller could also have liens outside of a mortgage, so the title report is your best security.2.

There's also the dedicated con artist who is only interested in trying to secure an upfront fee.

Sounds like you are dealing with a greedy banker that would provide a loan for an investment property and also want to have it secured with your residence.

If you want to grow your portfolio it might be harder to pay off properties quickly unless you have lots of income or are liquidating other assets.Most investors on here advocate using small down payments and securing 30 year mortgages and not prepaying them.

I just need their bank routing and account numbers for their checking account (as on their security deposit check).

My main questions include how exactly to go about securing financing when you have poor credit/ no working capital.

Scott Fey, She would like to grant the home over to me for the $3,000.00 or I believe the correct term is "assume the mortgage" as Rob K stated.

How can we possibly take 20 percent yeilds for granted when interest rates and other investment yeilds are so low?