Keep in mind if your Bank/Lender you closed with allows it to be vested into an LLC you can do it but it is "not" common in most cases.

@Guertone Sutton, how far along is your team assembled (agent, wholesaler, contractor, lender, closing attorney)?

Here's the summary I got from the video - she borrowed from bank for mortgage and rehab:Her first property $55k, fixed up and appraised to $90k ($1300 cash flow)She added 6 more properties to her portfolio in year1 - 2 duplexes ($2k cash flow) + 4-bed house (bought from cash flow and equity from other properties).By year1, she made 6-7k profit / per yearBy year2, she purchased package deals and added more properties with 2-week turnaround on fixing them (with the help of a dedicated contractor(s) who lived in one of the multi unit/room properties)She also did Airbnb and arbitrage.

This was our first property, and unfortunately when we bought this property we were unaware that our mortgage statement would be subject to change as much as it did ($1200 increase) due to property value and negative escrow, now leaving this property well in the red month to month.

He mentioned having a second mortgage on the house (orig. purchased in 2014) and credit card debt and that’s why he needs to sell even though he says he really doesn’t want to.

I may never buy a building with iron pipes again Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Quote from @William Sharp: The only way to legally claim the property is through a tax auction or foreclosure (if he had a mortgage).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

What are you to do if you want to write everything off but still look good towards a lender?