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Updated almost 12 years ago,

Elmer Foster's profile image
Elmer Foster's profile image
Elmer Foster
Pro Member
  • Real Estate Agent
  • from Pembroke Pines, FL
  • Member since Apr 19, 2013
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User Stats

22
Posts
10
Votes
Elmer Foster's profile image
Elmer Foster's profile image
Elmer Foster
Pro Member
  • Real Estate Agent
  • from Pembroke Pines, FL
  • Member since Apr 19, 2013
Connect
Elmer Foster
Pro Member
  • Real Estate Agent
  • Pembroke Pines, FL
10
Votes |
22
Posts
Real Estate Deal Analysis & Advice

How to assume income property from relative, no money down

Elmer Foster
Pro Member
  • Real Estate Agent
  • Pembroke Pines, FL
Posted

I am a newbie and I have a father-n-law that would like to sell his triplex to me. He is not interested in the price as much as he is wanting to retire from Landlording. It is mortgaged and the balance is close to market value. He is currently bringing in about $700 more than the mortgage note. Any suggestions on how to acquire the property? I was considering something like a "Subject to" or "Lease to Own"

  • Elmer Foster
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