This means the seller-financed loan becomes secondary to the new mortgage, which satisfies the lender's LTV requirements.How It Works:Lender issues a new 75% LTV loan based on the property value.The seller retains a subordinate lien for the remaining balance until paid off.No additional cash is required from you.”

Outside of real estate, I enjoy bodybuilding, working on cars, and anything that keeps me physically active outdoors, which helps me remain grounded and focused.I'm looking forward to networking, exchanging ideas, and building lasting relationships in this community.

You can always sign a contract to buy the remaining properties anytime with a closing date scheduled for the future (not sure why he would want to do that though since we don't know what will happen appreciation-wise).

Apparently the seller's title search didn't reveal a lien (ours did) which wiped out more than 80% of their remaining equity. - Expect rehab costs to exceed initial estimates (maybe double)!

You can add to that that there are hordes of real estate investors chasing the same deals that remain profitable.

I would pay off the remaining 416K by getting a mortgage and hopefully have about 100K in equity.Anyone have thoughts or holes in this idea?

Remain responsible for rent, utilities, and other terms until a replacement tenant takes over.#2 can be a bad option in the middle of winter when renters are harder to find.

I've offered "as-is" several times but with the only contingency being sewer scope because it was the only remaining unknown.

If this admiration doesn't pull back the reigns, the mortgage rates and inflation will remain high IMO.

The pumper are trying to lure the last FOMO to enter the remaining stage of the game.