Many are legal, some are probably not so legal, some are probably specifically prohibited - so for sure you need to speak with an attorney about your strategy before you dive in.If my memory serves me right, it's what armando built his first guru program on - maybe it was his hair, or his smug attitude, or it was just him... but everything about the "subject to" thing rubs me the wrong way.The entire concept, i believe, really is way beyond a basic or straight-forward deal, and also puts your client in a fairly precarious position where the note could get called at basically any moment, and if they can't pay off the note (which they can't, hence the agreement to the subject to) they just defaulted and are now facing foreclosure - In fact, I witnessed this exact situation today on a $12mil note that got called in UT county.

My question was about whether I'm making a mistake investing in a property that doesn't have the best ROI, but will allow me to borrow against it for more strategic investing in the future.

The house is within 5 feet of the property line, so there is a setback issue.Below looks positive to show that the boundaries are not encroached, but i realize that they are not the actual plats and final say...

On a more positive note, I would 1000% recommend getting started with Podio.

Ask from a position of power, will help in negotiations.4.

Hello BiggerPockets friends,I guess I need some help in understanding the benefit and strategic advantage of cashing out appreciation on a property and using it to buy another property.If I appraise a property, I am borrowing that against another loan to pay some of the original mortgage and/or buy second property?

Other significant update items are outside the building...paving / curb appeal.If I can position a Master Lease (with ultimate purchase price (so really Master Lease / Option),  the flexibility that provides could allow me to pay a little more; however, even without putting initial money up for the purchase I will be investing rehab / re-position monies.So my question:  is this fairly standard with a Master Lease? 

(Having been a lender, I know that the bank's decisions are made on things like VA, FHA or conventional, if it was a purchase loan or a refi, homestead, quotas for the negotiators, pressure from the FED, incentives for the negotiators, loan modifications, bankruptcies, lawsuits, robo-signing, MERS, bank's availability of funds, vacant management positions and on and on.

Since by definition the foreclosing entity cannot be a subordinate lienholder and, a subordinate lien holder is not limited to a subordinate mortgage, I'd be cautious claiming that a first mortgage holder is not subject to the rights of surplus claims by a subordinate lienholder when considering the subordinate lienholder with a subordinate mortgage lost their position of subordinate (moving the senior into that position perhaps?)

I will ask for more advice on this position in another post, but I wanted to introduce myself first.