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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...
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I have been thinking about doing subject two purchases. My question is can I offer to take over the existing mortgage and try to work out with the bank to bring the loan current if it is scheduled to be auctioned off ...
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The famous “subject to.” Investors far and wide have pondered what this mysterious term refers to and how it can be utilized in putting a quality deal together. A subject to deal refers to purchasing a property “subje...
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Here’s the scenario: we are preparing to make an offer of seller financing with 0% down but the property is on market and listed with a realtor. I am curious how folks have navigated the realtor fees when pursuing 0% ...
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Here is the situation.
Neighbor dies and there is an existing mortgage on his property. He has no assets so the bank begins foreclosure. A year or so before the owner dies, his daughter moved in to take car...
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A friend gave me a lead on a property. Basically an older lady became cat lady and hoarder lady. Family finally moved mom out of the house and they are looking to sell. I haven't seen the house yet but from what I ...
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Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...
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I need to better understand how to structure a deal for my investors with seller financing. Can one of my bigger pockets advisors clairify it for me. Is there a web site that breaks it down. Im so confused. Help me ...
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I have a question about a section in my purchase and sales agreetment I plan on using.
It reads the following...
EXISTING MORTGAGE (s): Existing financing on subject property will be current in all payments of princ...
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I am looking at a 4-Unit home in Sterling, IL, it is zoned as a multi unit. The asking price is 84,900. I have looked on the MLS and various other sites zillow, trulia, ect... there are not really any comparable sale...