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Updated over 10 years ago on . Most recent reply

Terry Burger's profile image
Terry Burger's profile image
Terry Burger
  • Investor
  • from Atlanta GA | Marietta GA | Greenville SC | Spartanburg SC
  • Member since Jul 25, 2014
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Terry Burger's profile image
Terry Burger's profile image
Terry Burger
  • Investor
  • from Atlanta GA | Marietta GA | Greenville SC | Spartanburg SC
  • Member since Jul 25, 2014
Connect
Terry Burger
  • Investor
  • Atlanta GA | Marietta GA | Greenville SC | Spartanburg SC
60
Votes |
202
Posts
Real Estate Deal Analysis & Advice

Need Advice on Rental Deal Structure

Terry Burger
  • Investor
  • Atlanta GA | Marietta GA | Greenville SC | Spartanburg SC
Posted

Hello BP family. I need some help analyzing the nuances of a deal. 

I am buying a house where the mortgage stays in the current seller's name. I'm going to buy the house but pay the mortgage for her since she has such an unbelievable rate. I want to pay her mortgage for 7 years and then I would need to refinance or sell the house. 

What is the best way to structure the contract for this type of deal? Are there any pitfalls I need to watch out for? Due on sale clauses, etc. 

Thanks in advance for the advice.

  • Terry Burger
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