All Forum Posts by: Demetrius Clayton

Can a seller sell a house with owner financing with an existing mortgage let’s say the house is worth $150,000 and they owe $80,000 on the mortgage however they will not sell it to you for less than $70,000 i.e their equity in the property. So the seller is willing to accept an owner financed offer on that $70,000 now how would you deal with existing mortgage of $80,000 because with the seller transferring the title and deed over to you wouldn’t that trigger the due on sale clause?

What exactly do you mean by transacting deals as an agent or house hacking? Also I have capital to get started however I am fairly new when it comes to real estate investing. 

I’m fairly new to real estate investing so this might seem obvious but let’s say you turn a property into a lease option and you have a property management company find a new tenant for you I know that you pay them their fee however what about the down payment from the tenant what happens with that when you use a property management company to find a new tenant when the original lease option tenant has left is that fee put into the property management contract you sign initially how exactly is that dealt with?