If you would like Donnie we can get on a call and talk about the Greater Cincinnati market.

Good -  No qualifying for loan, no personal liability for loan, possible low interest rate,Bad - Usual reasons seller willing to sell subject to are to obtain a higher sales price than for a sale requiring new loan, sell a property that doesn’t qualify for a new mortgage, sale an “unsaleable” property, or sell a property in poor condition.Ugly - Almost all mortgage loans have so called “due on sale or transfer” clauses, so many steps are needed to mitigate the risks of lender note acceleration.  

I call all the references before hand and make sure everything checks out.

Example:Task           Estimate     Confidence %    Low       HighDemo            $1,000        90%                  $900      $1100Roof              $15,000      80%                  $12,000  $18,000Interior         $20,000      75%                  $15,000   $25,000-------------------------------------------------------------------------Total            $36,000                              $27,900   $44,100If you find you are really unsure of an estimate with something like 40-50% confidence, you may want to do more research or call a tradesman for an off the cuff opinion to bring that confidence value up a little.

In order for the loan not to be called out the LLC has to have me as majority interest. 

@Shannon DennisDuring BP Rookie Bootcamp, we were encouraged to call ourselves real estate investors while searching for our first properties and speaking to others.

It makes zero difference so long as you have systems in place and boots on the ground that you can call on in a pinchOnly issue is that your guests may hit you up with issues while you are sleeping because of the time change. 

@Bill Brandt@Arlen Chou@Jason WrayShe seems to think she she might be able to do what’s called a reverse contingency and sell her house to someone on the contingency that she has to find herself a replace home.

Calling all GAP funders!

Call listing broker for more details about the owner finance opportunity."