Just a short list its like 50 ways to leave your lover there are 50 gothcas in sub to. 1. the easiest for everyone to understand the sub to violated the Alienation clause in the mortgage or deed of trust and holder of the mortgage DT / Note decides to call the note due and payable and starts a foreclosure. 2. foreclosure started and the person who bought sub to has no means to pay it off or refinance it and the original sellers credit get trashed and if its a deficiency judgement state even on an owner occ like Texas lender sues original seller for the deficiency. 3. this kind of investing or acquiring assets tends to attract those with limited resources so they have no ability to fix things they decide to scale up and then it goes out of control and sellers are really harmed4. deal goes south and original seller sues or files complaint with AG. 5.

But they’ve asked to come up with a solution since the loan isn’t technically assumable - something equivalent to acquiring the LLC that holds the property. 

I am thinking about actively trying to grow my investment portfolio and use my existing properties as leverage to acquire more properties.

The cost basis includes:Purchase Price: The amount you paid for the property.Renovation Costs: Add the cost of improvements and remodels that significantly enhance the property's value.Closing Costs: Certain closing costs related to acquiring the property (like title fees) can be added to the basis.You will then allocate the total cost basis between the land (which isn't depreciable) and the building (which is depreciable over 27.5 years for residential properties).If you're unsure about how to allocate between land and building, you can use the allocation percentage from your property tax records or get an appraisal.This post does not create a CPA-Client relationship.

Purchase price: $130,000 Cash invested: $33,000 Sale price: $225,000 Contributors: Peter Vekselman We acquired a home on Old Hickory Blvd, Nashville, TN, on 4/12/2024, for $130,000.

In every step I must fully disclose what I am buying and selling, i.e. in this case an equitable interest (the right to acquire title upon specific performance under the terms of contract).

In Columbus, Ohio, they acquired a local property management company and ran it into the ground.

My wife is also part ofa LP/GP (where she is the asset manager) that acquired a value-addapartment complex in Houston, where the renovations are now complete, and theGP is in preparations for the refinance.We are currently working on further expanding ourlocal portfolio and are planning out our next larger acquisitions.

There is an opportunity to acquire a medical building ( owner is MD who sold business to a Hugo MSO two years ago and still working part time ) at 8 cap NNN lease.

I initially viewed it as just a means to buy a home, but I later realized that leveraging allows you to acquire more properties without needing significant cash upfront.