Buying out a Mortgage?

[Kyle Jacobson]

Hey, First time post, we are just getting started, have been listening, reading, and analyzing properties. We found one on Craigs list, it is backed up by a MLS listing. It is a Duplex, in fairly rough shape, would need about 45K in fixes according to the estimator tool on the site. When I emailed the posted on Craigs list, they offered me the option of buying them out and assuming the mortgage on the property. Please bear with me, Im like infant new at this, but what exactly would that mean, how would it work, and what would be the benefits/ drawbacks from doing it?

Thanks! 

-Kyle 

[Kyle Jacobson]

Quote from @Account Closed:

This is commonly referred to as "Subject To". Look into it on BP, plenty of content on here surrounding it. 

 Thank you! Im still working on getting the terminology down, when I search buy out a mortgage I came up with less than useful advice. I will check into that YouTube channel and watch it. I believe I am on the knowledge gathering portion of my journey and Im grateful for any and all advice on where to find the right knowledge.