Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago,

User Stats

21
Posts
1
Votes
Lamonte Evans
  • Woodland Hills, CA
1
Votes |
21
Posts

Structure this deal BP

Lamonte Evans
  • Woodland Hills, CA
Posted

Hello All,

Heres the deal: 

I have a close friend who is currently playing in the NFL in another state and needs help. His grandmother who lives here in Southern Ca in a modest home needs to sell her home. She is behind on her mortgage payments 25k and still is still in preforeclosure. My friend would like to acquire the property before she is foreclosed on. The property needs about 50k in work done to it. How would you guys go about acquiring this property without have the "due on sale clause" put in effect? He has the means to bring the mortgage back current also.

Loading replies...