I have an opportunity to assume the mortgage on a 21 unit portfolio at 4.1% 100% occupied. What questions do I need to ask beyond rent roll/ financials?
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I might be out of my league but I strongly desire to purchase a large portfolio and thus retire my corporate career and focus solely on real estate. My background is a realtor/landlord and project manager by trade. I ...
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Where can I find mortgages that can be assumed?
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Property on the market with an assumable FHA loan at 2.8%. The owner will break even on the sale because they put little down for the FHA loan and all the equity they have will go to their seller's agent. I'm curious ...
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Does anyone know of a public list for properties with assumable financing? Or a way or place we could scrape that data?
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I came across a company that sells homes to investors and owner occupants utilizing Assumable Subject to Land Trusts. What are the Pro's/Con's and more importantly the pitfalls or things to be very aware of in order ...
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Just perusing Catalyist and came across a 56 unit garden apartment deal in a solid area and the deal mentions the ability to assume the debt vs the early payoff fee on the current debt. Can anyone elaborate on the spe...
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Hi BP!
I've been looking at a few different MFH types, from plexes to mhp, and I've seen some listings where assumable loan is the only purchase method, or one of the options.
My 1st question: Let's say...
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For reasons that makes less sense now, we bought a few properties in her name only (deed & mortgage) but split all costs. Now we're divorcing and splitting the properties. As I'm not on any mortgages currently, ...
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Hello everyone,I recently came across two properties being sold together by a real estate investor. I found out that the seller still had a mortgage on the properties, so I approached him about conducting a "subject-t...