It’s full of idiots who have nothing better to do all day than troll the Mortgage Grapevine, and they obviously aren’t making any loans!

I own units with a wrap mortgage, however, the bank that had the current loan worked with us and basically let us take it over subject to because we were coming in to help save the owner/seller, so they were aware the whole time.

I understand Craigslist is one of them, but could you specify what terms or categories you search for to find these opportunities?

How could i get this money without a loan because i still study at university.

The other route I was thinking is to buy straight out using a FHA loan since this would be our first home.

.- Contract Details and Terms: Carefully review the sales contract, including all terms and conditions.

@Seth McGatheyTypically, a HELOC (secured loan) is better for your credit than a credit card (unsecured loan), which is affected by a credit utilization ratio.It is important to note that a 0% interest balance transfer card is far from 0%.

There is 167k left on an 11 year loan at 2.8%.The property technically has a negative cash flow of $200 a month.They have just retired and do not want to deal with the upkeep or a rental.

I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

Once you rehab it and maybe put $50k of "sweat equity into it", it would be worth $200k, but they would sell it to you for $150k seller financing after the down payment.So, on the surface it sounds great because you aren't coming out of pocket, but in reality if you have the means to close the deal in cash or with any kind of financing like a hard money loan you would likely be better off.