Will we end up with more government regulation of the lending industry?

One question is will a lawyer transfer the title knowing that the clause exists?

What is the process of taking title subject to existing financing.

Off the cuff, you would probably be better off to pay down your existing mortgage and save tens of thousands in interest payments.

The IRS will treat the LLC as if it does not exist when the taxes are computed.

Learn the regulations in your specific community.

if you paid cash and it holds value(equity) one option would be, a bank could give you an equity loan on the existing equity or better find a bank that does construction loans and they ll lend you what its worth now or what it will be worth upon completion. the money will be given in draws as you complete certain phases of the job so you ll have to plan out were and when the money gets spent example windows/carpet deposits and payoffs. another option would be to find partners(investors) to help with the construction costs

If you find people who are DESPERATE to sell, you can buy subject to the existing financing; with owner financing; on land contract; with a lease-option, etc.

Maybe not pure-pure profit as you still have all the other possible costs of buying and selling or wholesaling.The issue is the up front costs and are you really going to get deals worth your time.Like any marketing you really can not tell what will happen until you have run the system for a while (6 months or more).You should try to contact existing members who are paying the fee and see what their results look like.Most successfully RE investors know that different forms of marketing work at some level so it is a cost vs. reward question plus the upfront costs vs. the back end profits (cash flow management).Everyone can find ways to do things on the cheap or cheaper.

This is also known as buying a property "Subject To" existing liens.