(A) Activities of a foreign limited liability partnership that do not constitute transacting business for the purpose of section 1776.86 of the Revised Code include all of the following:..........(7) Creating or acquiring indebtedness, with or without a mortgage or other security interest in property;(8) Collecting debts or foreclosing mortgages or other security interests in property securing the debts, and holding, protecting, and maintaining property so acquired;What local was the subject property located in where you forced to do this?

@Trevor Sambrano What you are talking about is  a Subject To purchase.  

If so, I'm not sure why you are bothering with a wrap as a opposed to subject-to.  

Apparently I'm not the only one obsessed with researching real estate (insert subject here) @ 11pm at night.

If you sell the property at a later date for a gain and still owe on that property, you will be subject to a tax called UBIT.

Hi Everyone,I am pretty new to BiggerPockets so this is a first for me.I am in search of a Real Estate Attorney who has done "Subject to" transactions in the Dallas Texas Area.I know google is a good way to search but i prefer a referral and maybe someone local.

The other part is "gain" and is subject to capital gains taxes.

I hear a lot of people on BP going the owner fiance/subject to mortgage route, is that an option?

@Matt EllisThanks for the shout out MattI basically have three or four strategies going at onceC&D areas absentee landlords wholesalingA&B areas, good school districts, lease option assignments, subject to, wraparound mortgageSometimes I run into a minor rehab, but does not have enough equity, and I'll do a joint venture with the seller.

Lease Options and 'Subject To' (terms) deals etc. are the way to go in 2017- 20ish, in my view... possibly longer???