Russell Thomas
Mortgage Company will not allow assumption
Is this Legal? I am a Veteran and trying to assume the loan from my sister in law who is also a Veteran. I have met all the requirements pertaining to credit score and documents. However the Mortgage company told me t...
Patrick Malinowski
Midwest Multi-Family Analysis Assumption Feedback
Looking for feedback on the assumptions I'm using for a buy and hold 4 unit multi-family analysis in the Midwest (Cincinnati). Each of the 4 units rent at $500/mo and are 1BR/1Ba. Separate electrical and heat. Owner w...
Nate Castle
Assumption vs wrap and subject too
I am familiar with how an assumption works. How is a “Wrap” and “Subject too” different?
Thanks!
Kevin Rogers
LOAN ASSUMPTION & SELLER PAY OUT
I have a SFR deal where the seller wants $25k net after closing.I see my two options as:1. Get a loan & purchase price that nets the seller $25k. 2. Assume the loan & pay her $25k out of pocket.I like option 2...
Sarah Allgood
VA Loan Assumption Opportunity - Clarksville, TN
I love finding VA Assumption Loan deals and have personally secured one so far as a rental property with a 3.3% interest rate. I've come across another deal where the cash to close is roughly $22-25k and will secure ...
Daniel Brown
Mortgage assumption for large multifamily...Worth it?
I have a deal that I'm looking at that has a $10M non-recourse assumable loan with a mid 4% interest rate for 20yr term. I normally look at just getting new financing at purchase, but wanted to consider this option t...
Manoj Paulson
Advice Needed: Mortgage assumption on rental property?
First time poster here. So, I just evicted my long-time tenant and she's left the townhouse a complete mess. It will cost ~20k+ to repair. The guy that I was originally going to hire as my new property manager for fut...
Douglas Andrew
Loan Assumptions, Commercial Loan Transfer to Buyer.
Hi All- I have a question on Loan Assumptions for a commercial loan. I have a $2.45 million loan at 3% interest only. It was for 5 years with 3 years remaining. We are thinking about selling our building after 10 year...
Account Closed
Editing a profile - suggestion and bad assumption
Feedback offered.
I was filling in a bit more of my profile. Still trying to get everything in order.
I filled in a couple of phone numbers and something else on the contact page.
I then went to the next page (next...
Patrick Britton
Assumptions of occupancy and expenses for Airbnb
Hey Folks,I am curious to know what typical assumptions are made with respect to the occupancy rate for an Airbnb. I've heard and seen some at 50%, others at 70%. As well, what other expenses should be assumed with ...