Originally posted by "Rehab702":The idea of them continuing to pay the second just to get rid of the house makes no sense from their point of view. 8)The seller continuing to pay payments while selling subject-to can be a winner for the seller compared to a default.

It is a way for people to get up to speed without needing to go through the full dialog that might have happened as the answer evolved.Independent of the historical meaning of an FAQ and the BP unique redefinition, what is the purpose of the page on BP?

There are loans that serve the purpose you seek in conventional, hard money and ARV based versions that would allow you to roll in the cost of purchase + rehab + closing costs (and in some cases, monthly payments) with as little as 10% down (the ARV loan would be an exception to this guidance).You haven't shared enough info about the property, tenancy, cash flow, etc. to determine what direction you should take, but you might want to review your financing options before using your home equity for the down payment (you are going to need cash reserves to find rehab in lieu of reimbursement).

Boomer Trend: Before I started originating reverse mortgages, I made it a point to do age demographics for every state in the country for purposes of target marketing---according to my research, the median age in Vegas is 34.5....There is no considerable concentration of boomers in Vegas (and 30 somethings aren't known for considerable networths either).

What I mean is, once you have the rehab done and are looking to sell it, is it easier in say the summer compared to the winter to sell that property?

Zillow is not an accurate comparative ananlysis.

Discount it by what it would cost to bring it up to comparable with the others.

The lender can choose to take no action or fail to notice that there was a transfer.The right to transfer the title into a trust is limited and was created for estate planning purposes.

I don't do advertising for the purpose of buying properties.

It is a "cash" buy for all intents and purposes and no one knows better nor cares until the closing and looks at the HUD.To me the interest only payment for 6mos-year is no big deal.