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Hi all - Wondering about a creative financing situation..hope someone can help!I've come across a potential deal with an assumable FHA loan at ~3% interest rate on a $600k property. There's about $350k left on the lo...
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This is for a $500,000 VA loan with an interest rate of 2.3% and MLS list price $600,000.It's an up down 2/1 duplex, each unit 850 sq ft, in a desirable location. However, the condition of the upper unit is disgusting...
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Good day to all! Curious if anyone has assumed a HUD loan in the process of acquiring MF recently? How is that process? How long did it take? Would you do it again?
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Hello,There's a SFH in California (Central valley) that's listed for around $365k. It was appraised around there as well. It's been listed for 100+ days. The owner is moving out and is currently in escrow to buy anoth...
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Hey everyone,
I could use some advice on how to navigate a real estate deal I'm working on. Here are the details:
Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differe...
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Hi Everyone,I was referred to a potential private sale of a multi-family through a friend. My business partner and I aren't 100% sure we will qualify for the conventional financing we have used on our previous deals ...
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Hello there everyone!I have an opportunity to assume a mortgage, when i buy the company that im looking at! The current owner has just turned 73, has battled cancer and doesnt want the bank to take it back!! And he wa...
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Hello Friends,I have an opportunity to purchase an 8 unit property in the Hudson Valley- Kingston NY. The loan is an assumble commercial loan for $270k the seller is looking for his equity portion of $80k. The total i...
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Need help with the structure of a deal.I’m trying to buy a duplex across the street from a duplex I already own.I spoke to the owner and she owes 175k on her loan and I’m purchasing the property for 800k. I ask if she...
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Has anyone acquired property by assuming an adjustable rate loan? What are the potential pitfalls? Will the lender let you assume the loan if it's in default status assuming you pay the defaulted amount? Do you hav...