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Updated almost 4 years ago on . Most recent reply

Christian Thompson's profile image
Christian Thompson's profile image
Christian Thompson
  • New to Real Estate
  • from Houston, Texas
  • Member since Feb 8, 2020
Connect

User Stats

28
Posts
5
Votes
Christian Thompson's profile image
Christian Thompson's profile image
Christian Thompson
  • New to Real Estate
  • from Houston, Texas
  • Member since Feb 8, 2020
Connect
Christian Thompson
  • New to Real Estate
  • Houston, TX
5
Votes |
28
Posts
Tax Liens & Mortgage Notes

Seller Financing a BRRRR property

Christian Thompson
  • New to Real Estate
  • Houston, TX
Posted

If the seller still owes on a property, do they need to pay off that loan before owner financing? 

The current deal I'm looking at is 3 duplexes. They need about 70k worth of repairs to bring them up to value. The owner is willing to do owner financing, but still owes a few hundred grand on the property. Is there a way for the to owner finance this deal without paying off his loan?

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