All Forum Posts by: Mitchel Johnson

@Ken M. Gotcha, a follow up question. Lets say someone has 190k left on a 2.95% loan for a 220k property. If they sell at 220 after closing and loan paydown they make like 20k or so. If someone instead offered 35k to assume the loan and deed to the property, what are the hurdles to that deal?  Loan would have to be assumable from the bank and the buyer would need to meet all the requirements previously met by the seller.  But in this case what is the difference from the buyer prospective, other then they are getting a better loan/ equity situation then conventional financing?

@Jonathan Greene I myself am a new investor and have been learning as much as I can before purchasing a property. Have read and done some preliminary research on assumable loans, and was wondering if you could help me understand the hurdles that go along with it.  Obviously some potential issues with the lender, but how often do these deals really happen?  And is there risk of the bank changing the rates on an assumption?

@Anderson Banegas Cerrato. Would love to pick your brain over dm. I have a few questions on some ideas I have. Thanks again for the response

Hey Anderson really appreciate the response.  Hadn't thought about properties near hospitals as a consistent area so that is a great tip.

@John Mason thanks for the message. Was planning on going to my first event next week.  Are there any other platforms then meetup for these events?

Posted this on the Multifamily section, but realized after I should post it here.

I am a current Senior at the  Catholic University of America playing Baseball and finishing up my accounting degree. I will start work with EY as an auditor in the fall and have recently begun studying for the CPA exam.

My girlfriend and I are looking to get into Multifamily real estate investing and have also looked into the possibility of house hacking, although a good affordable property seems to be tough but not impossible in this area. I have been reading Brandon Turner's "The Book on Rental Property Investing" and have learned a lot but I wanted to get on here and ask for advice from everyone. Would love to connect and get to know/meet investors on here and form a relationship where we can help each other.

Thanks any advice is greatly appreciated!

I am a current Senior at Catholic University of America playing Baseball and finishing up ny accounting degree. I will start work with EY as an auditor in the fall and have recently begun studying for the CPA exam.  

My girlfriend and I are looking to get into Multifamily real estate investing and have looked into the possibility of house hacking, although a good property for it seems to be tough but not impossible in this area.  I have been reading Brandon Turner's "The Book on Rental Property Investing" and have learned a lot but wanted to get on here and ask for advice from everyone.  Would love to connect and get to know/meet investors on here and form a relationship where we can help each other.

Thanks any advice is greatly appreciated!