Xavier Garcia
Seller tax liability on assumable mortgage
I've heard conflicting stories as to what liability the seller has in a assumable mortgage. I've heard that because the seller is relieving a debt that the IRS would see that as income for the seller. I've heard this...
Bob Willis
Assuming Sunrun solar lease - any experience
Hey All - Anyone dealt with assuming a Sunrun solar lease on a property they have bought? In looking online Sunrun is SLAGGED. Just wondered if any first person experience here in buying a property with leased solar p...
Anthony Winchcombe
Assuming perfection in every other category...
Hello everyone :)This question may be tough to answer since different factors will always affect what a good deal might be. However, in a perfect world, where each unit is immaculate, A to B class tenants, no repairs...
Steve Shane
Can you negotiate an Assumable Mortgage?
Im considering assuming a mortgage on a property but the payment/rent-ratio is too tight. Anyone have experience negotiating the rate or balance of a mortgage down with a bank?
Mike Terranova
Is assuming an FHA loan doable?
I’m meeting with a prospect this weekend who is offering an assumable mortgage. I can’t find anyone locally who is familiar with this strategy, however, I’ve spoken to my RE attorney and he says it’s doable. Details I...
Account Closed
Wrap around Mortgage? Or Assuming loan
The Bank will not accept partial payment; it is $12k or Foreclosure; 3rd option - pay off loan or private sell
I was introduced to this opportunity by a friend whose sister has this house and I have heard of these pr...
Tait Sougstad
Assuming Property Management of My Rentals
When we moved out of our last home, we turned it into a rental, but knowing we wouldn't have the time to find renters and manage the property, we enlisted a property manager recommended to us.Six months in, we are ver...
Dan Desler
Assuming an FHA loaned and flipping
Hi guysDoes anyone know if there are rules as to whether you can assume an FHA loan and then immediately sell the property? ThanksDan
Elsie Q.
Assuming VA Loan from my brother
Good day BP,
I am interested in assuming my brother's VA loan as he purchased a townhome 2 years ago because he PCS to another state and was unable to sell at the time. My brother agrees that I assume his loan (with...
Tracey Wittke
Addendum to prior leases ( assuming tenants)
I am purchasing a home in a college town for our sons to live in next school year. Currently there are tenants in there until August when their lease expires. I have a copy of their lease ( which is really thorough), ...