Melody Xing
Assuming an existing lease - no deposit
Hi everyone, my name is Melody. My question is that: 1: I’m buying this rental property, the seller is asking to assume the existing lease but this lease doesn’t have deposit what should I do for now during this buyin...
Barshay Graves
Assuming a mortgage from underwater homeowner
I need some help. I got an offer to purchase someone's home for what they owe on the loan or in other words assume there loan. He say's he owes about $80k (it's a messy divorce situation and he is moving out of state ...
Eric Harriman
Assume mortgage and pull cash out?
Hello (first time posting),I have found myself in a bind. Last year my long-term girlfriend bought a owner occupied duplex that we've been renovating with the intent of using the equity to buy a second property.Unfort...
Tom Kuhen
Assuming violations as an FHA buyer
I'm looking at a HUD property in Cleveland, Ohio that would be a live-in flip, which has a few violations. Some are related to FHA requirements, some are related to the city's POS requirements. HUD says properties are...
Timothy Cervantes
Buy home and assume SOLAR LEASE?
We are in escrow to purchase a home which has a leased Solar system with Vivint. The lease could be assumed if I pass their credit requirements but I DO NOT want to assume this lease as it does not make financial sen...
Brandon Snyder
Why assume a lien or loan?
Hey everyone. I'm continuing with my real estate education, and I have a basic question someone could probably answer.Sometimes when buying a property, there's an encumbrance on it, a lien. Why would anyone want to ...
Skylar Mcgee
is a assumable mortgage worth it?
Hey, I was wondering if I should take over my cousins mortgage. Here are the numbers -Current FHA loan is $104,000 with a 3.125 interest rate -House appraised for $170,000-current mortgage payment,insurance,taxes $736...
Joseph Zimlich
Assuming a mortgage for first flip?
Good afternoon BP, I'm Joe and I'm a new REI in northern California.I'm in the preliminary stages of vetting an off market deal with the family of a friend. The current owner is an older gentleman who's family would ...
Dan Desler
Assuming an FHA loan and refinancing
Hi AllI have a fairly unusual opportunity and was looking to get some thoughts from the community.I am talking to the owner of a vacant (off-market) property about buying the property off of him. He has a balance on a...
Bridget Fisher
Analysis: Ballpark assumed cost for utilities
Hey BP members! I'm new to LA and looking to invest in my first 4 unit apartment building, where I'd live in one of the units. I'm just getting started analyzing deals and I'm having trouble figuring out how much to a...