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Updated about 4 years ago,
Loan due on property
Hello everyone,
Ive been doing a great amount of deal analysis recently. I haven’t actually bought my first investment, but im determined to find my first deal within the next month!
The thing that im unsure about when doing my analysis is —- when a property has a loan amount due and want to purchase the property with cash (private money/ hard money) how do you go about that? Is the amount due subtracted from your offer or would this have to go through a different financial structure? FHA? Conventional?
Hope to get lots of insights.
Thanks!