I would not suggest doing a Subject-to transaction over a HELOC for say more than 90 days, those are more apt to being called or cut off raising issues.Search here for Subject-To, basically it deeds the property subject to the existing mortgage or other liens, the buyer accepts those liens and pays them.

Transfers from an individual to an entity are subject to the tax, based on FMV, wherever the entity is domiciled.

Looking for investor in the Fredericksburg VA area that are performing subject to transactions that would be available for lunch to discuss this topic further.

@Eric RobertsonI understand your situation and I definitely didn't want to suggest that you rush into something if you are not ready.I think wholesaling is a great business model however my thoughts on the subject are very different from others.

And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "White Plains" or "Westchester" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.

In the other setting, with two separate loans and transactions, you would be subject to normal lock periods like any other loan because that is essentially all it is.

I take a picture and un plug it.I confront them about it and they try to change the subject and tell me the power was just shut off.

If you do this then the debt continues to get paid down and since it is a rental, if there is still a loss when you sell, it is a tax deductible loss.Another option is to sell subject to, that would get you out of paying taxes insurance, and maintenance and, if you can bump the rate a bit on the loan you make you would very likely come out even on a monthly basis.

Looks like there is only @4 years left on the loan.Doing Subject 2 either someone will have to rent it for 700 and then write a check for $1,000 (i.e. take a hit for the duration of the loan).If someone bought for 60k with a loan, and financed 60k at 5% the payment would be $494.

When they all leave the SD would be returned to all parties on the current lease subject to deductions for damages and cleaning.