The legal details are more or less the same.1st loan secured by either a mortgage or trust deed.Seller financing providing a second loan and secured by the property.I will let the mortgage brokers spell out the financing details (rates and terms).Be very careful with commercial.

The Tenant has sent us the rental deposits, do we have to put it in a trust account and if there is interest accumalated does is it sent to the tenant when the lease is up?

I use Equity Trust.

I am curious due to the fact that my dad is a military man himself... he has three honorable discharges in the navy, arm, & national gaurd.

biggerpoLike the rest of the nation, there is a housing slowdown in parts of Houston (mostly outside the loop in $150k Nabs), but inside loop 610, and especially close to DT, the market is on fire.

Either through local banks where the properties are located or by a few national lenders.

,but don't undercut your self either.I actually heard from a trusted source, that you should be able to get 10% for your assignment fees.

Trusts are just trusts.

Do you have a girlfriend that would put the loan under her name or anyone that would do this favor for your you trust?

AKA National Forclosure Institute?