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Hello, I've befriended a neighbor in my neighborhood over the last couple of years who is in there 90's and no longer has any family left and doesn't necessarily know what they'd like to do with there house when they'...
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Currently looking at a deal I want to buy subject to, which has about 40k in equality. I was wondering how would you go about working out a down payment (if needed) when proposing the offer to the seller?
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What are my options if I had a home under contract that is under market value but seller had an existing mortgage loan? For example: If the house is worth $100,000 and the owner currently owes $60,000 on it and I buy ...
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Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Reco...
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I am familiar with how an assumption works. How is a “Wrap” and “Subject too” different?
Thanks!
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Hello,I've been trying to wrap my brain about how all this works and I have a question that should be easy enough for someone with experience to answer. I have been looking around my neighborhood on zillow trying to p...
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I've decided to give a try to buying a property using seller financing, in this case "subject 2" existing mortgage. Here is how the transaction is being structured.-The seller would first transfer the house into a new...
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Is it possible to open up an escrow account & deposit the needed funds to pay off a pre-foreclosure debt?EX: -Homeowner defaults on loan -They somehow get cash needed to make mortgage current -They go to title c...
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I am planning to sell a property and 1031 in to 3. I currently have a loan on it. It's my understanding that I have to spend all my net, buy properties that, combined, exceed the sale price of my current property, a...
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Hello all I'm a newbie wholesaler and would like to know how to go about buying and wholesaling a deal where the homeowner is offering to do a
owner-finance just to make the deal work for my end-buyer. How and/or ...