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...
Jason DelCollo
Buying Apartment LLC
Hello all,
Would love to hear feedback on this deal I have come across.
Broad strokes - very broad...
12 unit apartment complex - 3 Quads
Sale price in 2015 - 1.4 Million
Mortgage = $982k AT 4% for 20Y
Net YEARLY ...
Mike Flora
Subject too and 1031 exchange
Are there any issues, or are you even able to, doing a 1031 exchange on a property you own subject too the existing mortgage/financing and still a balance due on the mortgage/financing?????? Seems like there would be ...
Terry N.
Locating Title Insurance for a Refinance - Attorney question
The attorney for my refinance sent me this message. Has anyone else ever had this question? I'm wondering about "adding" an attorney to my mortgage account. Does that make sense to anyone?Can you please look in you...
Doug Lovett
Why do banks allow subject to financing?
I am under contract to buy a house subject to the existing mortgage. This is my first subject to deal. I'm wondering about the due on sale clause. I've heard from several investors that banks virtually never exerci...
Simon Stahl
Liens on property while doing subject to deals
I was wondering how it works with the liens when I do a subject to existing mortgage deal. Here is where I see the problem: When I take over the sellers mortgage, this lien stays on the house even though the deed is n...
Victor Boyd
Taking over a Mortgage from a Homeowner
My partner and I have an opportunity to purchase a home in houston. The owner still owes on the house, but, says he is willing to let us "take over" his mortgage. We are not really familiar with the process. How do...
Geoff Scheid
Buying House from Parents
My parents recently built a new home and moved out of the house I grew up in throughout my childhood. They listed for-sale-by-owner for about six months with a lot of interest and went under contract twice, but the bu...
Paul Smythe
High LTV Refinance on Investment Property in Atlanta/Georgia?
I am considering refinancing a property I am fixing up and renting it out. I am wondering what sort of loan I would be able to get with a high LTV. From what I can tell the smaller banks are going to be my best choice...