The practice of assigning properties has existed for longer than I've been around.

I primarily buy properties with existing tenants so I can leverage the existing income against my DTI or just utilize the income to get the loan.

Either way, they are paying last month's rent on the new lease, so they should just push the existing payment to the next lease.

And does the buyer need their own bank to finance or are they literally just using seller's bank still when they take over the existing mortgage payments?

Smith, Grantor, hereby sales and warrants unto Tom, LLC, a Limited Liability Company created and existing under and by virtue of the laws of Washington, whose principal place of business is 123 Smith Street, and Mike LLC a Limited liability Company created and existing under and by virtue of the laws of the State of Washington, whose principal address is 456 Jones Street, Seattle Washington 12345, Grabtees, as Tenants in Common.

Moving from Chattanooga back to Atlanta and looking for advice on whether to sell or rent our existing home when we move. 

This policy will provide additional coverage above what your existing policy covers.

What is the seller's existing interest rate and I'll tell you if it's a possible deal.Use the spreadsheet as an example at With $50,000 you can buy 3 Properties in 2024 – These are the Best Marketshttps://www.biggerpockets.com/forums/311/topics/1166342-with... 

Often times this post was made of white wood (untreated) because treated wood didn't exist when the home was built.

Both state that they are subject to the underlying lien and both disclose its existence.