*(If the LLC distributes K-1s to the managers, this confirms my assumption).

So if you're concerned with tying up entitlement with sub-to, you're in the same boat with assumption.

@Wesley PittmanHey Wes,Have you been able to close a VA assumption without the assuming party certifying that they will owner occ?

PM us for more info, but in the meantime read more advice below:Recommend 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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

@Nathan Gesner you are right to question my assumption.

In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.

Heck, my CPA and I regularly discuss and are forced to make our own assumptions on how the IRS may interpret something in our real estate taxes, if we were to get audited.

My operating assumption is the Milwaukee real estate prices will double in the next 10 years, just like they did in the last 9.

Usually the Veteran is using the "Change of Life" circumstance which means they are moving out of state, closer to work, school, or moving into a bigger home for increased family, out of a multifamily into a SFR, it also applies to retirees or disabilty if moving out of a larger home and into a smaller one due to up keep or mibility.Most VA loans have an assumption clause as well.

You are referring to seller financing or an REC/wrap, rather than an assumption.