I have a deal in West Philadelphia that I'm interested in taking ownership of using the subject to existing mortgage method. If anybody has any experience with Subject To Deals please share your insights.
Hello, Will it be difficult to refinance out of a hard money or bridge loan for investment property once small Reno and rental is put in place on property if I already have a pretty hefty mortgage on my primary resi...
Hello Friends,I will be concise. I have 100-150k to invest and in need of your expertise. - ADU: 5-6 yrs ROI, easy to find good tenant.- 6-7% <$800k; cash flow with good tenants but not guaranteed. - Lump sum add...
Hello All,I've started researching build mortgages especially once I discovered a 'build mortgage' can both be used to build a home from scratch (duh) but can also be used on an existing structure.Question:1. Can I ge...
Hello, I am new to the website. I am not an investor yet, just trying to learn the basics and stay out of trouble. I have been watching Auction.com, there are a lot of REO's on that website many with large mortgages u...
Hi BP, I have a friend who owns a home worth around $70,000. He owes about $50,000 on a conventional 30 year mortgage with about 20 years left. He moved out of town and has been renting it to someone who approached hi...
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Good evening everyone. Hope all is well. In NEW YORK STATE, what is it called when u “Take Over Payments/Existing Mortgage”? Land Contract, installment agreement etc....? Also are mortgages assumable in New York? Anyo...
What is the upside in assuming an existing mortgage on a property? Most deals I see that advertise the ability to assume the existing mortgage seem to have higher interest rates compared to what is being offered now o...
Grand Rising Everyone!
I was wondering, if I win a property at auction with an existing mortgage, what happens with that mortgage?
Am I held responsible? Do I have to negotiate with the bank? (considering I may ha...