Also like I mentioned the community is small and these assets are all professionally managed.

Borrowers are more accountable.In some entities, a member or stockholder may have an equity position attached to assets, rights to employee contributions, pay, benefits or internal arrangements that may limit the ability to liquidate assets or attach accounts, such arrangements are generally provided among those having a major or significant interest.

if you have great credit, solid assets and great income, sure,,, it would be based purely on your financial situation and wouldn't be secured by any properties.Banks prefer to have something to secure a loan with, so an open line of credit will be limited by your credit and ability to pay.

Michael it would help to know what asset class property you are talking about, purchase price, and who the owner is selling??

Probably very similar to what Jerry suggests as a post nuptial agreement.We have individual and joint assets, sometimes invest funds individually, sometimes jointly.

Our guy always gives us a prequal w/ credit and underwriting after we sumbit all paperwork and writes in the max we were approved on http://www.firstam.com/assets/title/asset-uploads/residential_contract-18153.pdf

By doing this the creditors use your networth and credit to still hold you financially liable for that credit and not all others you may have elsewhere.So if are operating as sole proprietor, banks feel you are a high risk exposing you and your personal assets that they are considering when giving you credit.

Usually in bankruptcy in a chapter 7 any assets over a certain amount are turned over to the trustee who sells them.

My average price is $50,000 with double digit returns.

It would be a ‘Buy to Let’ however our philosophy for this investment would be to reinvest any profits into the refurbishment and upkeep of the property and better our asset, whilst paying off amortization and interest.