Posted by Bud Branstetter on February 12, 2000 at 20:56:16:
There are numerpous articles about buying subject to using land trusts. Then you can also do contract for deeds and lease options. As an investment property you could probably lease/option it out and get most of the 4K back. If there is any fix up you are in the hole. If the seller and a new buyer are willing(to keep the existing loan in place) you can sell them the interest in the land trust for cash or a combination of cash and payments. Knowing how to do it and having the parties willing is what makes you money.