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Updated over 9 years ago on . Most recent reply

Blake Dowe's profile image
Blake Dowe's profile image
Blake Dowe
  • Assistant Property Manager
  • from Newport, RI
  • Member since Feb 16, 2015
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Blake Dowe's profile image
Blake Dowe's profile image
Blake Dowe
  • Assistant Property Manager
  • from Newport, RI
  • Member since Feb 16, 2015
Connect
Blake Dowe
  • Assistant Property Manager
  • Newport, RI
0
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Creative Real Estate Financing

Mortgage Assumption/Due on Sale Clause/Lease Options

Blake Dowe
  • Assistant Property Manager
  • Newport, RI
Posted

I'm looking at a 3 unit turnkey that I am going to try to acquire through low/no money down options. I would like to try to assume the mortgage if the seller agrees and if the bank allows it. How can I find out if the loan has a due on sale clause? I've also been thinking about a lease option. 

I know there are other no/low money down options, I would love to hear everyone's thoughts.

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