This actually is the most cost effective way to go.

A non-assumable loan can become effectively assumed by using a land trust.

After all, to have read something that is truly beneficial and has had a positive effect, why wouldn't you want to share it?

Ultimate goal is to own everything free and clear and eventually build up enough cash flow to to cause a mass effect.

So, after drinking up as much of the bird doggin' wholesaling lingo I could, I decided to use my lunch today to go out and do some REI therapy, AKA: find absent owners or do some bird doggin'.After about 15 minutes, I found a decent house that I thought might fit an investor's eye.

Simple but effective.

Regarding 50% and 2% rules, they are great rules of thumb that I did use and considering I have the property and complete rehab with new mechanicals systems for less than 24K (cash), I can say I fit comfortably within the "rules" criteria.

I must confess, I thought this topic would garner a lot more interest....Surely there are folks on this site who are effectively using private lenders for loans of 5+ years to finance your buy-and-hold rentals?

If you can assign, then your capital partner can effect a loan and you can do a partnership where the principal loan has first priority of payment.

The problem you are describing is the effect of countless possible causes.