All Forum Posts by: Andrew Parsons

I currently own two properties and looking to jump into a 3rd as a primary residence. I will rent out my home currently and looking at 300.00 positive cashflow. The home I'm looking at is a new development/build and this property has been tough for them to sell based on people being superstitious about location of the home. I have never heard of this before. My fear will be the resale but I feel like once rates drop demand will increase quite a bit over the next couple of years. This property Sales price 671k, HOA 117 and Mello-Roos 333.00 per month. Any questions/advise will be helpful. Thanks

Thanks for the reply’s - The reason is to try to get this property without putting any money down. (20-25% for a vacation property)

Can’t Sub 2 

Can’t assume the loan

Thoughts? 

if someone is selling a property with a current hard money loan. Can you structure a deal like this. 

Have the seller add you to the deed and you refi cash out to payoff hard money loans and provide the seller some additional cash?

Thanks for your insight