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Updated about 6 years ago,

User Stats

15
Posts
0
Votes
Danny Frye
  • Investor
  • Atlanta, GA
0
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15
Posts

How do I make this deal happen

Danny Frye
  • Investor
  • Atlanta, GA
Posted

I have a Seller that wants to wash his hands with NC and move back to MS. He wants me to just take over his loan, but I am hitting resistance with lenders. I have an LLC, but have not field for my tax ID yet (operating agreement is in the mail). The seller has a VA loan, and lenders are telling me that I will need to occupy the home if I assume it. How can I make this deal happen? The stats are below...

Loan amount $107,000

CMA $148,000

PITI $775

Max Potential Rent $1050

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