Brooke T.
Can I get the bank to let me Assume the existing mortgage/DOT??
Hello Everyone! I have VERY recently started acquiring property through judicial foreclosures, where I am bidding on the second position and acquiring the property subject to a first mortgage/DOT ( and a 6 month redem...
Jay Koch
Owner Financing Myth Buster:How to Sell a Property by Wrapping the Existing Mortgage
I have been spending a lot of time reading blogs about owner financing of real estate transactions, and there seems to be myth out there that you can not do owner financing if the property is not free and clear. I’m...
Sumedh Jigjinni
Advice on buying new Primary & sell current Primary + Rental with existing mortgages
Despite these crazy times of high interest rates & strong property values, I am considering purchase of a new primary residence. Primary residence is valued at 2.4M, 1M left on loan, and at 2.375% IR. Rental prope...
Daren H.
Buying "Subject To" with FHA or Conventional Existing Mortgage. What is the difference?
Wouldn't they both have the same pros and cons? I have been reading posts and some appear to strongly caution subject to with an FHA insured loan. I am considering the idea with a seller for 8 month period. I would do...
Zachary Thompson
Is gross profit or net profit considered for taxes?
I'll be as short and to the point as possible. I'm purchasing a property subject to the existing mortgage. To do so I'm using a business line of credit to pay for everything from start to finish. For sake of simplicit...
Aaron Lathan
Subject To Vs. Lease Option
Hi,I'm new to investing and like most things starting out I don't have capital. An old mentor of mine once told me that if you can't make money without money then even if you have money you'll probably go broke. He ...
Aaron Ferguson
Paying of sellers mortgage then owner financing
Let’s say the seller has a 500 K property and owes 250 K to the bank. Can I finance the 250 K he owes with the bank and he carry 50% and I pay the remaining 250 K over say a 5 year balloon amortized for 20?
Patrick Milia
Sellers Credit when Selling Subject To
The answer seems obvious to me, but I'll ask the question anyway.
When a seller deeds their property to a buyer subject to the existing mortgage, that mortgage stays on the sellers credit report until the loan is pai...
Himanshu Jain
Creative Selling/Ownership
I have run into an HOA issue - I have leased a townhome to a tenant and I leased it with verbal consent form one of the board of directors of the HOA. Now the association is saying I cannot lease the property as I did...
Bob Razler
MORTGAGE ASSUMPTION-SUBJECT TO
Hello All:I have a question about how to structure a deal, if it is possible at all.FACTS:I am the buyer.The seller and I have an AOS for $300k.The seller has an existing mortgage on the property with a balance of $60...