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Assumable Loan or Purchase Price
Hi there, I am looking at a property that says it is an assumable loan for $1.7 million (if I were to get approved of course) but then the listing price of the property is $4 million. If I were to assume the loan, doe...
Tim Jones
Assumable loan vs Subject To
Hello,I'm looking to understand the difference between an (FHA, VA, etc) assumable loan and a Subject To (an existing mortgage). Thank you for your time and consideration.TJ
Jose Perez
Benefits of a Assumable Mortgage??
Hi Everyone!! Newbie here!! I think I found a good deal on a Duplex, The owner says it can be an assumable mortgage. Can someone explain the term to me? Also, What are the benefits of an assumable mortgage for me(buy...
Mark Maire
Should I assume this loan?
Its a 3 BR/1 BA SFR 1100 SQ FT. With detached garage and mother in law suite detached. The loan is at $110,000 with $20,000 in equity. He is renting it out to a friend for $900 but after researching 3 BR homes, the ...
Andrew Banker
Assuming a Portfolio of Properties
Question for you very experienced BP members:I've had a potential deal come across my plate, and it's a little outside of my usual multi-family strategy -- total of 9 MF units and another 9 MF units under contract wai...
Amanda Swanson
Assuming Tenants in Atlanta Purchase
I am taking over a lease through a wholesale transaction that is out of state. It's my first rental property and I am looking for advice on the best way to notify the tenants where to send the rent and letting know th...
Exavier Martinez
Assumable VA loan/NACA program
Ok so here’s my dilemma. I want to buy a multifamily through the NACA program, but I already own a single family under a VA loan that I would like to keep. NACA rules state that you can’t already own a property in ord...
Vincent Claypole
Assumable mortgage and additional financing
Hello everyone, I'm new to real estate investing and have been browsing bigger pockets for a couple years now. I cant quite find the answer I'm looking for so here's my question:I have found an off market deal in my n...
Nathan Cain
Assume/subto then second mortgage?
There is a house that has solar panels that haven't been paid off yet. The owner has a 3% apr loan with 23 years left and a balance of $33k on the solar panels. He says I can assume this loan instead of building them ...
Brian Hansen
Assumable mortgages for investment properties
I found a property that has a conventional loan on it by seller (definitely not FHA/VA). They are claiming this conventional loan can be assumed by the buyer and have paperwork from the bank to start the process.
Has...