Or if you buy a duplex, live in one side, and work the deal so the tenant is paying all or most of the mortgage (some circumstance like that).Buying a rental house (or 20) the right way, and renting them out forever is one of the best passive business models I’ve ever experienced.

I've heard that some mortgage types aren't eligible for subto, such as VA loans. 

Inventory is up, transactions and mortgage applications are up, mortgage rates and prices are generally flat. 

Some loans are FHA, VA, USDA, Conventional, Jumbo, Reverse, HELOCS, 2nds, even 3rds, Construction, Commercial, Portfolio, Private, Hard Money, DSCR and a few other off beat types.

It has two mortgages, both of which were recorded at the same date and time.

There are a ton of options for your primary residence to ensure you can pay down your mortgage (while living there) and make it a viable rental when you move into a future place.

Am I able to purchase a wholesale deal with hard money and then refinance out with a bank to get a mortgage on it?

I have a client whose house is currently worth $500,000 who owes $150,000 on the mortgage who is interested in getting a $250,000 second mortage to use as capital to invest in real estate in Massachusetts area.

We could have paid the seller and took over the mortgage reducing cash out of pocket at purchase.

Thanks-Al Lender will generally county 75% of the rent to offset the mortgage.