It's the concept of buying the debt attached to the mortgage rather than buying the house. 

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

They are really changing the shape of the city and it may become incredibly expensive to buy out there soon due to lack of housing.

My mum currently lives there, she is 80 and not very well, but you would also become a tenant in common and as such if you had the time you could profit 100% from the transaction, as I need cash urgently and am willing to heavily discount the asset.I am wondering if there is a market out there where someone wants to get a foothold in the London market by buying my part of the property.

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

Rather than just spending the money on a rate buy down. 

I would need to buy my two siblings out, so my approximate purchase would be $80k. 

And the tenants still lived there, they had just been putting old mattresses, broken furniture, and crud there for years.

Investment Info:Single-family residence buy & hold investment.