Unless you are referring to a no interest NO PAYMENTS...They WOULD still report to your credit but they cannot report anything negative unless you are actually paying late...

Call a bunch of title companies and ask them, they would know.You might or probably will get a lot of title agents have no clue what your talking about so they'll be like, "whats your number and I'll get back to you"if those words are mentioned, either hang up and call another title company or ask them if they can do WRAPS.Wraps are very similar to Sub2s and there is a chance that a title company will understand that.If they tell you NO you cannot do those transaction here in NM, ask them for the proof that you can't or refer you to their legal department to have them explain why it is not legal whether they call it a Wrap or Sub2You could also contact the Attorney Generals office, but your not going to get any straight answers there unless you can find an article or press release relating to Subject to's or 'creative acquisitions in real estate' detailing certain laws that they will most certainly cite in those press releases/articles.What ever you do, do not go to the department of Real Estate or any other agency that is obviously funded and structured for Realtors b/c they will tell you anything outside a standard typical transaction involving an Agent is illegal.Hope that helps

...Deed of Trust (sometimes just referred to as DOT) vs Mortgage; non-judicial foreclosure vs judicial foreclosure, respectively.

My fiance and I just finished up rehabing the home we are moving into.I spoke to a lender I have been referred to by other investorsHe quoted me with the information I gave him 4.75% with 1pt origination fee, and 0.25 pt if credit score is over 740 or 1 pt if credit score is under 740 with 80% cash out.

Could I get some input on what would be a better choice long term- as I would like to have rental properties as part of my long term retirement plan.Are these properties cash flowing enough or should I sell 1 or both and put down even more $ down or invest elsewhere.Primary residence paid $63,500 6 1/2 years ago current appraised value $81,000Current Rental property(wife's former house) paid $50,000 5 years ago market value approx $60,000.Sorry this is so worded.

I was referring to my scenario being to easy.. =) I also talked to an officer in my local bank and she told me they don't have seasoning to refi into a mortgage when using a HELOC, so I'd be able to repay right away...

Lena, you have already made a good choice by joining this forum, you will find a lot of great advice on here.

Vinyl is my first choice,,,cause renters sure dont take care of wood!!

Furthermore, an investor doesn't have a choice in participating or not in the 50% Rule.

I've never referred to you guys as "fruits and nuts" but I like it. :)