If you are good enough to make 5K a month wholesaling...what I call the "short money"...you're missing the bigger picture of the real estate business.The long money...the continue cash flow from owning a free and clear rental property whose rents continue rise with inflation...is the big payoff of real estate.Let's get real...if you find properties others are willing to pay you cash for...you just sold away a lot of expertise and effort for pennies on the dollar.Get in this business for real and quit chasing the "fast but short buck".Or at the very least, stop calling it "investing"...Take some words of wisdom from Warren Buffet:We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'

I would like to borrow 60,000. with a potential of 40,000 to 50,000 profit.

Dead people are rather difficult to deal with.Seriously though, the trustee needs to be notified that the person on the mortgage being foreclosed has died and they pull the posting until the lender can sort it out.Typically, the house goes to probate and the investor rarely gets the deal because once the sale is stopped, the heirs tend to list it on the open market.Jimwww.dfwmentor.com

I've talked to too many potential investors who had to stop because their spouse couldn't be supportive.

One major bank will go to 525 but you have to fit a fine criteria that is bascially hard to get to.Stated= 1099 or cash wage earner will usually stop at a FICO of 620.

Also there could be a lot of risk for the owner if the contract looks like seller financing and the tenant/buyer stops paying rent and it goes to court they could state because it is seller financing the Landlord/Owner has to foreclose instead of evict which is much more expensive and timely and in real estate time is money.A lease with the option to buy or Rent-to-Own is a better way to go for all parties, we use the Association of Realtors Lease for our state to make sure we follow all of the laws of our state to protect all parties and usually do up to three years, any longer and it could be considered seller financing.

That's why NAR would probably spend a billion $ to stop such a thing and probably why one doesn't exist already.

Hopefully the day will come where all of this makes sense.When you sell your house hopefully you do so at a level where you can pay back the bank the money you borrowed from them at the start.

Yet, its a very easy close if the borrower/buyer is working with a good agent and loan consultant.

Now they are even introducing a 50-year amortized loan to perpetuate rising prices as long as they can, but the bleeding has begun and unless they come out with a 60 or 80-year amortized loan soon there will be no stopping the bleeding.