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Updated over 6 years ago,

User Stats

5
Posts
2
Votes
Leo Johnson
  • Davenport, IA
2
Votes |
5
Posts

Taking over sellers debt.

Leo Johnson
  • Davenport, IA
Posted

I did the direct mailing strategy in my area and got a huge response rate. Everyone is willing to sell, but the 3 unit apartment I've had my eye on for the four years I been in the area has finally contacted me. She has a $90,000 debt on the property and she pretty much just want to give it away. As long as i can take over the debt. How do i go about doing this with bad credit? Is their a way the deed can put into my name, I take over the property and pay off the debt while debt is still in sellers name? If so, what is this strategy called?

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