So we offered a VA assumable loan in which I Assumed his mortgage while getting a killer interest rate of 3.25%!

They all go through wyomingllcattorney to do their services, and you can go direct and get that cheaper.

She is also worried he will lose it someday, he is filing for bankruptcy at the moment but assured us the mortgage is current.

There is a video on the site featuring 6 industry experts and Bruce Norris interviews Doug Duncan (Fannie Mae), Leslie Appleton-Young (CAR), Eileen Reynolds (California Builders Industry Association), David Kittle (former Mortgage Bankers Association chair), and Sean O'Toole.  

Hi there,Are there any lenders out there who provide physician mortgages for a duplex property, in NY State?

Here are a few below:Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find. a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal ownership you need insurance.If you search the forums for this topic using the magnifying glass feature in top right corner of your screen on BiggerPockets you will find a lot of discussion on "Quit Claim" "Buying through LLC", "LLC or not" etc....

I plan to keep and live this property.First Question- Who and how do I use to con vert my hard-money loan to a mortgage?

I know Michael Lush from Replace your mortgage used to have a list but its been a decade since I saw that

This could allow you to be more highly leveraged VS a  conventional 25% down investment mortgages, and thus get into a solid neighborhood with your budget.  

The seller is in probate / pre-foreclosure, it was his deceased mom’s house, about $60k is owed on the mortgage, his utilities got turned off over the holidays, he doesn’t maintain the house or yard and doesn’t seem to work, had a “pepper” grow house in a bedroom, and he was open to creative financing.