All Forum Posts by: Kyle Hohman

I have a property that I assumed the mortgage on. Here's the approximate numbers:

Assumption 60k
Rehab 80k
Judgements 40k
ARV 200k

The judgements will fall off of these properties and they don't have foreclosure rights.
I can't cash out refi or get a bank involved because they'll require the judgements to get paid off.
What's a creative way to get the rehab budget taken care of on a project like this?

I'd say to get their number first.
After that decide if it works for you or not. If yes - move forward with a face to face.
If no - explain to them that number will not work for you.
Wait for them to decide what to do with the call at that point.

Hope that helps!