Think about that... our economy is only continuing to exist because we are being bought out by foreigners.

If you exit you incur costs that do not exist if you continue to hold.

Having just made an offer on a rental property with existing tenants, I am wondering about this myself.

What are the morgage regulations?

I wonder if regulators will have any issues with this one?

Newbie thought/idea::What are your thoughts on taking a business line of credit at appx 6.5% (from an existing business) to essentially pay a seller in "cash", thus obtaining the lowest possible price.

It sounds like you dont have a late fee policy that you can enforce in your existing lease. if I were you I would let them know very soon that either you will not be renewing the lease, or the new lease will include an increase/significant late fee.

hello all:I am trying to purchase a house sub 2 the existing mortgage and the seller has agreed to do so however the property is listed with a realtor.

They aren't getting too much money out of seasoned old investors with rhino hide and big sharp teeth.They aren't nice con men, but they do exist, and because they do exist, people need to take personal responsibility for their own money.It takes very little research to learn how to manage money at a very basic level.

There is an existing mortgage of about $15K which he could pay, but has been saving that $15K (and more) for down payment when he finds another house to buy--which would also be a rental.