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Updated about 8 years ago on . Most recent reply

User Stats

12
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0
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Ahsan Khan
  • Contractor
  • Brooklyn, NY
0
Votes |
12
Posts

Selling a mortgaged property early

Ahsan Khan
  • Contractor
  • Brooklyn, NY
Posted
Hey bp members, Lets say i get a home with a 30 year mortgage and down the road i need to sell it and its year 5, but since the first couple of years on a mortgage payment its mostly interest being paid off i would have very little equity in the home. I was wondering if there are any tactics one can use to structure the deal differently so that when you are buying a property to mortgage, just in case down the line you have a feeling you'll sell it within a couple of years you don't loose too much. Thanks -Khan

Most Popular Reply

User Stats

51
Posts
12
Votes
Adam Daneff
  • Rental Property Investor
  • Charlevoix, MI
12
Votes |
51
Posts
Adam Daneff
  • Rental Property Investor
  • Charlevoix, MI
Replied

put more money down on the deal

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