I ask as I have received offers from buyers that want to do an assumption of the current mortgage via trust acquisition and provide a down payment due to the seller.

@James KieferRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

In the summer everything settles back down.If my assumption is correct, when the foundation lifts the floor in the winter, it will also raise the exterior wall sitting on it.

No, another one of your reading comprehension fails and false assumptions.

Hi All, Looking at this 6 units multifamily in CT, currently listed at $1.495M, trying to see if offering 1.25M is doable with the below assumptions.

@Connor Thomas see our cut & paste knowledge below:------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

A worthwhile investment isn’t just one with attractive cash flow projections; it must also base those projections on sound underwriting assumptions.

@Mario CastellanosBIG assumption but if accurate it means the property is under water meaning they owe more money on the property than it is worthThey would not be able to sell it without lender permission essentially.

Hi Drew,In my market with those assumptions, I can’t buy anything.

@Beruk LessaneworkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?