12k Down for a 3.8% rate. (NOT SUB TO) - Fully legal assumption for Investors

[Ryan Thomson]

I'm surprised this isn't being talked about more in the BP forums. VA loans are assumable by investors! When the seller is willing to let their entitlement stay with the house anyone can assume their mortgage. This opens up a lot of opportunities for the seller to get their home sold quickly and maybe for a premium. Has anyone else done deals like this? I closed a couple last year and would love to connect with more people doing this!

This property is one of the best deals I've found and I'm looking for a buyer. The down payment is only 12k and the interest rate is 3.8%. It will cashflow. But more importantly than that you are paying 10k off in principal the first year of assumption on a 12k investment! 

I have a list of about 48 properties that are currently assumable by investors. I am a real estate agent and trying to represent buyers who want to purchase these properties. I would love to connect with people who....

- are serious about investing in real estate. Who understand the benefits of loan paydown and appreciation. 

- Who want a good return on their money (think 20%+ IRR) and aren't overly focused on cashflow.

- can qualify for a rental property (since this is a fully legal assumption the bank is involved the whole time and you have to qualify. But luckily the payments are so low with rates in the 2s and 3s that its not that hard to qualify. 

Reach out if you would like to learn more about how this works. Let's see if we can get you a rental property for less than 20% down and with rates in the 2s and 3s!