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Updated about 4 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Austin, TX
  • Member since Nov 13, 2020
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor
  • from Austin, TX
  • Member since Nov 13, 2020
Connect
Account Closed
  • Investor
  • Austin, TX
7
Votes |
42
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

BRRRR question about the seller

Account Closed
  • Investor
  • Austin, TX
Posted

Say you find a distressed home with a owner willing to sell to you. The mortgage on the house is $100k, the owner owes $80k, and they take your offer of $50k. What happens to the $30k left on the mortgage?? This is all hypothetical, by the way. Thanks for your time!!!

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