Welcome to the site @Carrie Herrmann Bigger Pockets is the most innovative and educational site available to learn about real estate investing.Wishing you the best!

Still carry the umbrella insurance.

Hello All,i just purchased a couple of vacant parcels in California that i plan to build within 3 years.The plan is to build 2 homes and sell one.These are the only properties i have in the US, however i own substantial assets in Europe.I carry the title in my name and have contracted a 1 million $ general liability insurance coverage for each lots for now. 

I've read a few articles on Bigger pockets about Owner carry, and have become quite intrigued on the topic.

I would carry a balance for as long as it took me to sell the house.

Even when i find a lender willing to give me a loan I'm worried about how many loans they allow you to carry at a time.

I'm not looking to carry on more buy and holds at the moment but certainly open to it in the future.

yes, it is done all the time, ask the seller to carry a subordinated first (moved to second position), get a first mortgage for the difference, or more to walk with cash.ask the seller for 100% mortgageask the seller for Principal mortgage (no interest)give the seller something you have in exchange for the down payment, a car, chattels , trade of a propertyoffer to pay more with a lease purchase agreement with all lease payments being applied toward the purchase priceoffer to pay the down payments in installmentsalways ask for cash back (seller contribution)offer to repair, paint etc for a fee, use that as a down payment.

Then of course, what if a property doesnt rent and I have to carry a mortgage.With flipping, this seems the easiest in theory.

Or, if you can find them, certain newspapers carry the "notices of trustee sales" in the classifieds sections.