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All Forum Posts by: Scott Gorham

Scott Gorham has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Apartment complex purchase

Scott GorhamPosted
  • Posts 1
  • Votes 0

I found an apartment for sale with an assumable loan. The loans has 35 years left with a really good rate. My question is how do I work out a deal with the owner so that I pay him back over time the equity? I don’t have the cash to give him for the equity he has and assume the loan. What would this be called and how would I structure a deal to propose to him. I have his phone number but wanted to come up with a good proposal before I call him and pitch my idea. Any help would be much appreciated.

0 Votes
Baton Rouge, Louisiana