Let my townhouse that I was grossly upside down in go into foreclosure while buying another house that was foreclosed on for cheap. Fixed it up, paid it off, getting ready to rent it out when we move into our new house. Use rent from 1st house to pay mortgage on second house.
so did the first go into foreclosure? how were you able to get a mortgage for the second? or protect your assets from them going after you?
a buddy lucked out with something similar-ish although i think he ended up with a short sale in the end. the new place he went was all in his girl's name. married now and bought either 2nd or 3rd house, renting out others.