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Updated over 1 year ago,

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1
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1
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Keith Sutton
1
Votes |
1
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Subjecto mortgage is higher than rents in the area

Keith Sutton
Posted

So I have an opportunity to get a subject-to but the mortgage payment is higher than the rents. Is there anyway to make this work? Below is the information. Thank you

Bought the house for $240,000 with a balance of $233,737   6% interest rate    $2050 payment      Comps are $255,000

Rents in the area $1600-1800

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