Quote from @Nader Shariff: Quote from @Travis Biziorek: Well, definitely some funny business happened with this one (as we suspected).It's back up for auction today: https://buildingdetroit.org/properties/5010-lafontaine I just saw that lol. 

Does the basis remain in place since the seller would presumably hold the title until the payments are complete?

The lender didn't go out of business, YOU are choosing to follow your mortgage guy to a new lender.

I would suggest looking into a business line of credit if you need such little funding. 

If anyone on here is experienced and willing to share information about getting into this game, connect with me to set up an interview so I can ask you questions, and/or collaborate on a deal, as I would love to gain hands-on knowledge and experience as quickly as possible, as well as cultivate trust and relationships that lead to more business and deals in the future.Thank you!

They CAN NOT foreclose if you stop making payments,"=================================In a subject to, as in a wrap, there is no safety for the buyer either -- he can lose his title (and equity if the foreclosure sale doesn't generate enough money) when the seller's lender forecloses, and he will be a party to the foreclosure as an interested party.Don't get me started on the appropriateness of subject to and wraps for those nearing retirement and the use of their 401(k), IRA, or pension accounts -- even if they are qualified or accredited investors.

Hello,I am graduating from business school June and will be moving to Charlotte full-time.

Moved to Panama in 2022 and started a licensed hard money lending business in 2023.

You can get the title company to draft up a promissory note and deed of trust.  2.

Lately I have found some excellent small business contractors that do great work without the high overhead.