There should already be something recorded (a deed of some sort) for the change in ownership from the foreclosed borrower to the lender shortly after the foreclosure.

For the 2nd purchase I convinced my father to let me "borrow" his excellent DTI, by obtaining the loan together.

I also know that if you list the property for sale, it is more difficult to refinance it because lenders don't like to loan money on a property if it will be sold a few months later and if it has been recently listed that is a red flag.There is plenty of information and assistance available for mortgages on primary residences, but for investment property there is none.

If down the road he needs to qualify for assistance, like to pay a nursing home, leaving that home as his residence will become an unqualified asset to disposition or liquidation to receive benefits, Said another way, it will be exempted as his home where other assets will be required to be used before obtaining assistance.Messing with the title at this time could be a big mistake.

I will borrow the money then use all of the rental cash flow to pay it down.

Further, I distrust the verity of OO status from many of these applicants, wary that perhaps investors are "borrowing borrowers" to procure mortgage money on otherwise-untouchable leveraged purchases.

Maybe you should consider doing a little research or paying someone knowledgeable to assist you.

Logan FHA borrowers?

A cash offer, as mentioned, just means there will not be a financing contingency, but you can always borrow if you can close it in time, the seller really has nothing to say where your cash comes from and any loan funded is cash to the seller.

I want to start establishing relationships with lenders and perhaps get some hands-on experience in the local market by assisting someone who is already successful on their deals.FUTURE:I plan to make my first (and perhaps second or third) investment before this time next year.