But I think where the issue comes in is during a crash.

Counting on "professionals" is what helped countless people "invest" in real estate appreciation over the last decade, one of the major factors leading to our housing crash.

Deals like this were more common before the crash, but I am sure there are still many of them out there.Keep in mind that having the seller carry paper will increase the CLTV and thus decrease the potential lender pool.

But the sub contractors that typically work on my new home communities get their materials from other sources.The building company I was with were building 150 homes a year prior to crash.

Thanks to the financial crash, there are a lot of hoops to jump through to get a loan approved.

(Make sure the edition you read  was published after the crash of 2008)4.

Problem was that as he was finishing his house was when the sub prime crash hit.  

Works very very well, good markets and crash markets. thanks!

Right before the Big Crash, we sold off everything...it felt frothy in our market and we wanted out.

Really compelling stuff.I currently don't own any properties, but I'm wondering if anyone with experience can explain the risks of having multiple mortgages totalling significant amounts of debt.In the event of an economic downturn or crash, can having this much debt/risk put you in a situation to lose everything you have, even other personal assets like savings, primary residences, etc?