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Updated over 10 years ago on . Most recent reply

Ross K.'s profile image
Ross K.'s profile image
Ross K.
  • from Garland, Texas
  • Member since Jun 10, 2014
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8
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Ross K.'s profile image
Ross K.'s profile image
Ross K.
  • from Garland, Texas
  • Member since Jun 10, 2014
Connect
Ross K.
  • Garland, TX
4
Votes |
8
Posts
Buying & Selling Real Estate

Taking over a mortgage and refinancing

Ross K.
  • Garland, TX
Posted

Hi everyone! I'm new to real estate investing so I have what might be a newbie question. So I have a friend who wants to sell his home pretty soon. The house was purchased in 2009 for around $20K - $40K less than what it is worth now. Would it be possible for me to 1) take over his loan, and then 2) refinance immediately or would I have to wait to refinance and how much time would I need to wait? Thanks!

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