All Forum Posts by: Brandon Lee

Hi there, I'm a California based investor looking to buy several out-of-state rental properties per year in the Greenville area. Thus I am looking to build a solid team (agent, property manager, contractor). I have used the BP agent finder but only 2 agents were listed and none have responded to my request. If you are a member in the area, or have any personal recs, would love to connect. Thanks!

 Makes sense, thanks for the color!

This is very helpful, sounds like the deal can take on many forms depending on whatever the seller is willing to accept. Have a lot more clarity now, thanks all for your responses!

Hello, I've been watching a lot of Pace Morby videos and researching online, but can't seem to find the answer to this simple question. In a sub-to deal, you are assuming the remaining payments of an existing mortgage. But do you also have to pay off the portion of the loan that's already been paid off by the seller?

Example: Seller's original mortgage was $500k. Seller paid off $200k of principal, leaving $300k remaining on the loan. Buyer assumes payments on the $300k balance, but what happens to the $200k that the seller paid off? How would he benefit from just transferring remaining payments to the buyer, while never getting his $200k back??

Sorry if I'm missing something dumb and obvious, but can't wrap my head around this part. Thank you for any help!