If these were "hard laws", most home improvement stores wouldn't exist.

You're not going to start there, but with the right background, skills, and abilities, they exist.

You are asking them to sign it representing that only those terms exist.

Maybe they’re less likely to come under scrutiny as prohibited transactions, if the retirement accounts exist off of passive income entities or entities that don’t invest in real estate whatsoever?

I purchased the property subject to the existing loan with me paying all closing costs and a gift certificate for 2 dinners to The Summit House restaurant in Fullerton.

Joseph SantiagoYou could get an Option To Buy on either Contract for Deed or Subject to Existing Financing from the Home Seller, and sell that option to an Investor.I would not try for $7K, probably $2500.Then step out out.And I would be open to Land Trusts and Sub2 in the future, they are invaluable tools in REI.

They will also add your existing loans to your liabilities.It is for this reason that people can go out and get approved again and again, because their finances are showing that they are still well below that ~30% Debt-to-Income ratio required for additional lending.Welcome and best of luck!

I can't give you any figures, because I don't know the Texas market, nor the regulations they have and what you're dealing with.

I haven't asked him how he wanted to do that, But I am guessing that approaching it as buying "Subject-To" his existing mortgage would be the best way to go?

Certainly, if they're trying to buy a new house shortly after selling an existing on subject to, the new lender is just going to treat the old loan as if its still in effect and the borrower is still responsible for it.