Josh LaRose
Has anyone done a deal subject-to an existing mortgage?
Wondering if anyone has done a deal subject-to an existing mortgage? I’m new and have heard there’s a good amount of legal documents to be filled out in order to get this done. Does anyone have anything good or bad to...
Brian Leigh
How do I pay off LOC without refinancing existing mortgage?
Hi Everyone! I recently finished up my first SFR rental property in Fayetteville, NC. I purchased the house using a 15 year term 7/1 ARM at 3.85% APR. I financed the rehab using a 7.5% Interest Only Line of Credit. T...
Jesse Ottesen
Moving an SFR with an existing mortgage into an LLC
There’s lots of advice on what could happen if I move my SFR with a mortgage into an LLC. Has anyone actually ever had their mortgage called after moving an SFR into an LLC?I’m planning on doing it in Buffalo New York...
Frank Tarantino
Forming an LLC On existing investment properties I have mortgages
I own two investment properties for 10 years with mortgages on both… And would like to transfer the title of the mortgages into an LLC… To which I am finding that no bank wants to… Does anybody know how I can do this
Brett Malen
Finance a new property w/2nd mortgage on existing rental?
Hi BP community, wanted to collect your thoughts and idea's to help me brainstorm hacking some finances. Was thinking about taking a 2nd mortgage on an existing rental property to cover the costs of acquiring an addit...
Tiffini Johnson
Subject To deals taking over the existing mortgage payments offer
Hey, does anyone have a contract for a "subject to" deal and/or can advise on how to present a "subject to" offer to a seller? Meaning I will be taking over the sellers mortgage payments "Subject to " the existing mo...
Michael Montagna
Buying a home for the balance of an existing mortgage.
In New Jersey, are there any red flags that would be raised if someone were to purchase a home for what the owner owes on their mortgage? Hypothetically, there is a current mortgage which is roughly 1/3 of the value o...
Trent Zimmer
Sub To or Wrap Opportunity w/ an existing FHA mortgage?
Hi All! I have a potential opportunity that I'd like to run past the brilliant minds of BP....I'm a sub to/wrap virgin, so be gentle.Seller is a friend and purchased this townhome direct from landlord in May of 2022 ...
John White
Mortgage for new primary - TBD rental income on existing primary?
Hi all, I've been poking around the forums where there is a ton of great advice but I didn't see an exact answer to my situation. I currently live in Florida where we own a property that would appraise around $800k ($...
Hector Maldonado
How Can i structure a deal and keep existing mortgage
Hi Guys I am working on a deal in Providence RI. I have a seller who wants to sell me his house because he can no longer afford the payments. We agreed that I would give him 5k down and 5k every three months for a yea...