All Forum Posts by: Chase Olson

Hey Andrew, i found the heloc process to be very simple, my local lender did 95% of the work for me! Location shouldnt matter too much for the lender. My lender did not need an appraisal for the Heloc, but yours might. First step is to find a lender you would like to work with and just ask them!

I’m lucky enough to have the chance to purchase a commercial property ( office) in Oregon. The current tenant is a well know business that I would love to have stay. Issue is they are paying less than half market rent for the area. They have been in the building for over a year. Price from the seller is fair, but the only way it works is if I double the rent or slash the sale price. 
I know I’m not the first one with this issue. What’s your experience with this

Does anyone have experience in assuming someone else's mortgage for a fee? I'm looking at buying a SFH that had a refinance back in 2020, so I am assuming the interest rates on the mortgage are lower than they would be to create a new mortgage today.

I figure I could pay the sellers a lump sum and if the mortgage is assumable, go through the process with the lender to have the mortgage transferred to myself. 

Is there a certain way I might make this more enticing to the sellers? there wouldn't be any originating fees or closing fees I imagine.

or am I completely wrong and the lender would bring the interest  up to market rates?

just a month ago, everything in my area was selling at a 7-8 cap, Now everything that is still for sale has moved to a 4.5-6 cap. anyone might know why?