Mother will be putting home on market in the next month for 210,000.She currently owes 38,000 left on it.In order to afford her new Townhouse that she wants in the ballpark of 250-300k, she needs to use a good portion...
Figure I would throw out possibly a dumb question before I asked a dumb question. There is a multi family unit that I am interested in, that is now a bank owned property. Does this status take away the possibility of ...
When you assume a mortgage (in this case from a parent) do you have to occupy this? Or could you rent this property back to them? Or rent to someone else all together?I see to be getting mixed answers from the lender ...
Hey BiggerPockets,
I've got a question which -- after hours of research -- has left me just as confused as where I started. I was hoping someone here might have some guidance as to where I could further delve into th...
I am looking at doing this on a property near my home. Does anyone have experience with assuming loans? Does anyone have insight on it?
What are the pros and cons of assuming a mortgage? Looking at a house that was flipped 3 years ago, owners are divorcing and looking to sell. Thought offering them some cash to assume the mortgage to me might be a coo...
Hi BP,I could use some advice. I talked to a seller who is upside down in his property and now 2 months behind on mortgage payments (about $1500). He just wants out to save his credit. The mortgage company is offering...
Hello All,I'm working on making my first investment purchase and I'm looking for any insight on anything I might be missing or need to think about. I've found someone that is looking for someone to assume their mortga...
How does an FHA assumable loan work? Do the new buyers have qualify under all of the FHA guidelines? We recently bought a duplex house hack and are thinking about selling it. We got an appraisal for $315k a couple mon...
Hello everybody,
I'm a newbie investor trying to use creative financing for my next deal. My wife and I bought and lived in a condo before moving out and renting it out. We now live in a townhome where we wish to do ...