The sponsor pays RealCrowd a fee and then RealCrowd isn't involved in the transaction after that.

So, you're either paying off that mortgage or taking over payments ("subject to" transaction).

So don't take it as a failure, take it as "well that didn't work, so I can cross that off the list of what I can do" and just move forward.  

Sold it for $90k and cleared about $6k after all holding and transaction costs. 

It's not in the ghetto but its encroaching the border.

Anyway, private lenders being the best route still though relationship dev & nurturing is paramount and timely where time is not our favor, portfolio lenders such as Colony (interviewed w/them) and alike being 2nd choice and, local banks with a set up channel or that are interested in servicing these type of transactions could do good for all.  

We could also state the question this way: what is the most you would or should pay the seller in the AB transaction?

I am looking to get into multi-family investing.I have a business partner who has accredited investor contacts in another state.If I am the one bringing sweat equity to the transaction, finding the property in mystate, but he brings the money. how should this be structured.Help?

The purchase and sale agreements the assignment of contracts, you know the vital legal instruments needed in the transaction of real estate.

"Mortgage" is the security instrument used in ALL those loan transactions.