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Updated 5 months ago on . Most recent reply

Marcus Griffin's profile image
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Marcus Griffin
  • Member since May 12, 2024
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Marcus Griffin's profile image
Marcus Griffin's profile image
Marcus Griffin
  • Member since May 12, 2024
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Marcus Griffin
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7
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Creative Real Estate Financing

Subto loan modification help

Marcus Griffin
Posted

I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 payment. Plan is to cash flow property as airbnb. Please advise?

Houston, Texas
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