I was considering taking a commercial mortgage 6 months down the line. Right now I am eligible to take up a residential mortgage, where in I will be putting a 25% down payment. This can either be a primary residence o...
Hi everyone I'm just starting my journey & need some guidance. I placed some signs out & received a call from a seller. They are behind $24,000 on their mortgage. They need to sell because they need to reloca...
What would be the best way to sell a home FSBO that has an existing mortgage? Tenant would like to buy house for 75k and the note is around 40k. Unfortunately, tenant does not have enough credit to finance with a bank.
Hello everyone! My Husband and I found a nice duplex which I'm interested in purchasing. Problem is we are in the process of obtaining a mortgage loan so our credit is currently being used for another purchase. I was ...
Good afternoon all,
I have two existing mortgages through the VA. I'm looking at trying to use a FHA insured loan to buy a family home so that I can leverage my cash for an additional rental property. I haven't foun...
How to form an LLC on my existing investment property with a mortgage on the property....I’ve been having no luck finding a bank that would refinance my mortgage to take it out of my name an put it into an LLC.
Hi Bigger Pockets I am looking to buy my first rental. The property we are looking at is offered subject to the existing owners mortgage of 55,039.00. All of the number for cash flow and returns look good. My question...
Hey Guys, I'm wondering if anybody can answer this for me.. When wholesaling a property with an existing mortgage or that's also in pre foreclosure, do all of the missed mortgage payments need to be paid in addition...
Investment Info:
Single-family residence buy & hold investment in American Fork.
Purchase price: $300,000
Cash invested: $45,000
Subject to existing mortgage purchase with 45,000 cash down from H...
Moving in different area.