Adam Tafel
1031 w/ assumption of financing?
Doing my best to put together a win-win-win...I have a client who would like to sell his triplex and 1031 funds into a larger apartment building. He has the triplex financed on a 30 year fixed @ 3.75% with a balance o...
Eric Grunfeld
Subject To vs Debt Assumption
Good Morning Everybody,In this environment (as I am sure everybody has experienced) - it has been challenging in obtaining permanent financing.I have come across some deals where the debt is not "Assumable" but the se...
Rob Ringlehan
VA Assumption / Substitute of Eligibilty
Hello BP Nation, I am working on completing my first deal and I am looking for some advice/opinions/knowledge on VA Assumptions. On to the Deal. My neighbor is a recently retired vet and has taken a job in Missouri wh...
Connor Williams
Mortgage assumption and Medicare costs?
My wife is interested in assuming her mom‘s mortgage. We have checked into this and it is something that she can do. However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into car...
Jennifer Wood
Double Checking My Cost Assumptions
Hi - hoping some of you can let me know what I am missing or calculating incorrectly. I hope this is easy enough to read but if it isn't, I can likely link the Google Sheet.
Adam Irvin
Assumption of a VA loan
Does anyone have any experience assuming a VA loan?
It's my understanding that you must be a qualifying veteran to do so and you have to be within the first two tiers, is this correct?
Tri Tran
VA Loan assumption liability mitigation
Hey guys. I have a question. I’m buying a house and assuming a VA loan for it from a veteran. It’s not a subto. How do I protect my assets and potential liabilities? I know I can’t use an llc for it. Besides buying pr...
Eric Davenport
Is mortgage assumption still possible?
Hey Everyone! I know that mortgage assumptions do not really exist anymore other than certain circumstances like FHA/VA/USDA loans. But if the owner has a conventional loan at a local bank, in a small town, and a good...
April Munoz
Subject-To vs Loan Assumption
In a nut shell and with out getting too complicated there are two main differences between the two.
1. Loan Assumption - Plain and simple you assume the loan without having approval from the bank (banks do not like t...
Ryan Tessier
Mortgage Assumption and Due Diligence
I'm in a situation right now where I have a motivated seller who wants to unload a 3 family in a nice area. It's an FHA Loan with what I estimate to be about $100k in equity after appreciation. I want to assume his lo...