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Updated over 7 years ago on .

User Stats

20
Posts
2
Votes
Dené Sellers
  • Real Estate Agent
  • Oceanside, CA
2
Votes |
20
Posts

First Deal in the hopper

Dené Sellers
  • Real Estate Agent
  • Oceanside, CA
Posted

After reading the below information if you think this is an unwise move, please speak freely. 

Hi my name is Dene and I have a opportunity to assume a VA 55 plus below market by about 30k. The owner asked me for a small amount down under 15k and I can assume the loan he will pay the mortgage for a year in order to release his VA option so he can buy something in another state.

Well since I just tapped out all of my commissions paying off debt and I am getting my daughter off to college in 2 weeks, I am totally strapped. Anyone want to hold a silent second for the down of 15k for 1 year with a negotiable favorable return? 

Let me know.