Jason May
Buyer assuming mortgage + 10K + 400/month x 100 months
I am currently selling a house that needs some work (10K siding replacement) and updating but is still rentable. It is a house that would list for 250k after updating (2300 sq ft 4/2) but the layout is poor. I current...
Tim Dailey
wrap, sub2-- underlying assumable mortgage negative flow to owner
Hi Friends and Colleagues,Looking for some advice on the following property:Physical and Market Characteristics: small farm house, unique in desirable area, long DOM for sale short DOM for rental due to schools. ARV ...
Milan Obradovic
Assuming Land Does Not Perk Alternate Septic System Pennsylvania
Hello BP,I am interested in a potential piece of vacant land for a future residential property. Assuming that the perk test fails, is anyone aware of alternate septic systems allowed in PA and if so their approximate ...
Eric H.
HELP!!!! Assuming a loan, subject to, in Baltimore, MD
Hey BP Fam,I have a property owner that is willing to let me assume his loan. According to the rental numbers provided by the owner, the property cash flows at about 2.8% of rents and is currently 100% occupied. Does ...
Henrietta M.
structuring motivated sellers assumable loan, no money down deal?
Hello! I have motivated sellers selling a 3 bd 2 ba modular home, 1500 sq ft. It's located in a once popular oil field town, outskirts of Colorado. The husband got a job 155 miles away and that's the motivation.They r...
Michael Wentzel
Assuming a mortgage and taking possession through a trust?
So this is a first for me. A wholesaler in the market where I invest brought me a property in which the current mortgage would stay in place and I would close on the property through a trust. I have used this wholesal...
Robert Rayford
A Assumable Mortgage in the Bay Area CA....What ?
So I have this SFR here in the Bay Area, CA. and the property has a assumable mortgage/OWC. I am thinking of putting this property up for sale. The plan would be to sale at a premium since there would be no qualifying...
Daniel Miller
Assuming a Mortgage...RE Agent says can't be done
I am trying to purchase a fourplex.
My parents (due to my lack of credit history) have stated that they will assume the existing mortgage. I talked this over with my RE Agent and he said banks will probably n...
Keith Gertiser
Assuming a VA loan and house hacking a duplex
I Am currently looking to purchase my first duplex and plan on house hacking it. The property currently has a VA loan on the property at 4% and significant equity. I plan to substitute my eligibility for theirs, howev...
Choice Crosby III
Assuming an FHA loan of a SFR for investment
Can an FHA loan be assumed if the intention of the purchase is to be an investment and not a primary residence?Thanks in advance.