It has a strong potential for cash flow and property values are steadily increasing.

@Joey Morgan if your client wants you to write subject to the existing mortgage, likely best to contact listing agent first and ask if seller is even interested, can save a lot of time if not.

people get great joy talking doom and gloom and Armageddon.I’ve been in the RE biz since 1978 and been thru several economic and market cycles.Stagflation in the 70s, 17% home loan rates in the early 1980s, the failure of 1/3 of American Savings and Loans in the early 1990s, the dot com boom the dot com bust, the subprime crisis in 2008, Covid………I’m probably forgetting a few.

Even at only 6% That lowered my payment $420/mo and will save me $80k in interest.

I am already preapproved and could move on to something else that would not cash flow nearly as well.

VA loans are assumable but the key is you will have to bring in cash the difference between the asking price and the current loan. 

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed. 

This post is my small way of advising against that and hopefully steering some people straight.There's no shame in sitting on cash, building reserves, and being patient right now.

Anyone buy with all cash?

We have 3 maintenance technicians that have increased response time and have saved our owner tens of thousands every month.In June 2023, we were averaging 130 work orders every week.