You might even have to do a short sale or convince the lender to let you carry a note for the shortage.

I would figure out the exit plan first since as Page Huyette stated, financing could be problematic unless your planning on carrying a bunch of paper.

Lots of really smart people are in jail, RE carries much more liability to an individual than almost any other sales oriented business.

Just a thought…This is the difference between carrying buckets of water verses building a pipe-line.

The better part was that he agreed to take $5000 down and carry the remaining $25,000 at 6% interest with it all coming due in 18 months or when the house was built and sold, whichever came first.

Naturally, the lease agreement carries my name as the landlord.

I was looking for a 1980s+ building but the cash flow on this one seems very good compared to others I've seen. 155k price, seller carrying 115k @ 4%, 10 year balloon, amortiz 15 years. gross is about 3,500 a month.For water and gas, I didn't get actual bills, but I got the bank statement bill pay page that showed all her payments within the past 12 months.

These investments carry lower returns though.

Unless you are razor thin - more important would be the ratio of debt you carry especially unsecured.

I doubt they would take a pure subject to, but sub 2 with a seller carried second might work.