Real estate is one of my favorite subjects, so I'm excited for BPCON. 

They are the ones putting their money at risk in lending it to you.If you are relying on Capital, then you use your savings of $50k to buy a house Subject To or on a Wrap and start investing.If you are relying on Knowledge, you team up with someone who has either Credit or Capital or Both and you provide the marketing and acquisition, then the rehab if you are doing rehabs, then the sales of the property and your partner provides the Credit & the Capital.

I followed up on a few of the earlier ones and they made me kind of uncomfortable, as they would not subject themselves to any sort of screening processes, wanted to do business outside the platforms, etc.However, I am continuing to get more of these- and i am thinking that maybe just because these people are not native speakers (chinese i believe they mostly are) that maybe I am just misunderstanding them and/or miscomunicating andd it is possible they are legit?

That is a really great question and because I am not well enough versed on the subject and am definitely not a lawyer.

I used FHA to buy a duplex, sold it a yr later to make an extra 40k, bought a SFR and owner financed next (10% down cash flowing 400 a month via subject-to), and got to 100k fairly quickly. 1-2 yrs.

It is important to know that your IRA will be subject to a tax called Unrelated Debt Financed Income tax for as long as there is a loan on the property. 

If at some point they become damaged beyond a threshold (like 50% for example) then you would need a permit to rebuild the damaged unit, and when you go to pull that new permit THEN you'd be subject to modern zoning overlays and no longer grandfathered in.As to what to do with this information, I can neither confirm of deny anything above.Burn this after reading. 

@David Muscovalley this is a more subjective question and personal than objective.

Hello,I bought a property last year subject to existing financing.Later I sold this property on owner financing to another buyer.I was making regular payments to the existing loan since i sold the property.Last month I was unable to make the payment to the lender and on further inquiry I found out that the original seller filed a bankruptcy under Chapter 7.What should be the ideal thing to do now ?

Character is a crucial part of banking but it is very subjective so it is imperative to have a good relationship with your lender.