Originally posted by @Frank Vanegas:Hello Everyone, I am a first time Home Buyer/ Investor looking to purchase a home in the Orlando Area.

Where in New Jersey are you originally from?

In my experience, the cash flow may be substantially reduced (or even become negative taking into account interest rate of original loan and refi closing costs).

My understanding is that the buyer assuming the loan has to meet the same credit/underwriting criteria as the original borrower, but this is not my area of expertise - lenders are typically not involved in assumptions.

They stopped making the monthly interest payment ever since June 2024 and are being investigated on charges of Ponzi Scam and are not releasing investors original deposit.

Does the original poster have someone who can do that like some of the people he mentioned did?

That 'other' land trust company absolutely blew it on the closing process causing us all to lose some hair during that period, but we did exit the deal with a great profit.  

Originally posted by @Steve K.

Originally posted by @Richard Ladenberg:Thanks for the reply Will.

When I go to my credit union for a commercial loan there is no junk fees, no origination fee or maybe a half point origination and a better rate.