Assuming existing mortgages

[Matt Greer]

I am a wholesaler in Fayetteville, NC which is a town made mostly of veterans both active duty and retired. The majority of the homes purchased here are done so with VA loans, but the downside is after 3 years at a station the Army can move you to a different station leaving lots of servicemen with negative or no equity in their homes thanks to no down payment. This creates situations where they sell at a loss or become landlords out of desperation. I am looking to start assuming loans/ subject to buying these houses since the majority would cash flow day one. What disclosures do you bring up to sellers when presenting offers like this and what should I be doing to make sure I protect myself? Also how do you evaluate the numbers on a subject to? What are red flags you look for? What about any issues when wholesaling that contract? I feel this could be an extremely valuable tool for my market and really open the doors up to some potentially great deals.