All Forum Posts by: Account Closed

Hi there, I am looking at a property that says it is an assumable loan for $1.7 million (if I were to get approved of course) but then the listing price of the property is $4 million. If I were to assume the loan, does this mean I am paying $1.7 million plus the $4 million or does it mean I only have to pay $1.7 million for the property? 

Thank you for all your help in advance, I am just a bit confused on this.

Renovations are not needed, maybe a couple upgrades here and there I could do to the units to increase the value but that isn’t necessary at the moment. 

 Thank you!

 I will reach out to talk more in detail, thank you.

The ones I were considering and doing my research on range from 16 to 20 units.

Thank you for clarifying! I wasn’t aware this one was more for residential. I appreciate your response very much and I will do that. 

Utah 

Thank you very much! I will look into that

Hi there! I am looking for a large loan where I can purchase a very big apartment complex. I want the loan terms and payments to be based on the monthly cash flow the property is bringing in rather than any personal income. Does anyone have suggested lenders, private lenders, or hard money lenders I can get in contact with regarding this?