If I were to "purchase" a property "subject to" the existing mortgage, could a quit claim deed be used since the seller is in a must sell position, and if so how would you profit from using a quit claim versus signing the contract for the seller to keep the financing in their name fo 3 years?

Hello everyone. We are converting the upstairs of a garage into a rental suite. Completely renovated. My partner and I are differing on which way to do the layout.From my studies, a true 1 bedroom would maximize our r...

Since you have your dad's help in this, it might actually be very beneficial if he can get a great cash deal for you on a rehab in his area, buy an all cash fixer, put the work into it and turn it into a great rental, rent it out, then cash-out refi after required time (not sure what financing delays are on cash purchases where you can use the new appraised price versus purchase price).  

I'd be willing to bet that if you ran an ad on CL that stated:"Free fuel tank.

I bet your first deal is closer than you think.

You should discuss the tax pros/cons of flip versus buy and hold, with your accountant.

MLS's are local not national, your best bet would be to use one in the same city as the properties (assuming there all in the same city) because they should know the market there best.

I bet 80% of the top investors we work with across the U.S. are either licensed RE agents or brokers, or their spouse is licensed.  

Had anyone else gone through this process, i assume I need a payment bond versus a bid or performance bond?

An easy way to understand the whole process, as explained to me by a bank asset manager is as such.Pretend I found a like for like house in Atlanta for $200K versus in Newport Beach for $1.5m.