I’m considering a multi-family building in the Chicago area that has a Fannie/Freddie type loan in place at a very low interest rate. After assuming the loan, there is still another $600k that I would need in order to...

I have a unique situation and I am looking for feedback from other experienced real estate professionals.  I have a note on a property for $52,000.  its been rented out the last 4 years.  My tenant paid 3 years in adv...

In terms of creative financing can you please help me understand the difference between assuming a mortgage, subject to original financing, and a wrap? I think I know the gist but want some reassurance. Working on a d...

Should I go get pre approved for a loan or start looking for rental properties first?

BP community – Hello, this is my first post.I currently have a prospective deal on a SFH financed with a VA loan in the Coachella Valley of Southern California. The deceased was a veteran who had placed the property i...

To get straight to the point. There is a home down the street listed on HUBZU. I"m the winning bidder for 5 straight weeks. They lower the price about 6-8% per week. Just 2 more weeks or so and it would have been a gr...

I have found a house for sale that is currently under an FHA loan. I can’t assume the loan because I want to use it as a rental. What is the best path to take to work out a deal with these owners. They are willing to ...

Many people incorrectly assume that interest rates are the largest factor contributing to the direction of the real estate market. Though changes in interest rates have an impact, a combination of related factors cont...

We have an opportunity to buy a single family home with an low rate assumable mortgage.  However that will require us to invest an additional $150K which I think would be better used to by a 3-4 plex property.  Does i...

We have a potential deal "on paper" where we would take over a conventional loan from a failed flipper. People are telling us that assuming a loan, legally, is next to impossible. I have heard this tactic mentioned se...