Hello everyone. Thanks in advance for reading and replying.Currently buying a property through VA assumption with a second mortgage company to cover the cost above whats owed by the seller. Underwriting for the assu...
I'm a new member but I have a CPA and Masters in Accountancy and Master in Taxation.I saw people posting about cost seg decisions and thought I would share some thing I had learned from others1) The cost seg savings m...
Hello I have been looking in the forum for similar questions but I couldn’t find anything if you guys have seen something similar please guide me in the right direction.
I am currently in the military and used my VA...
Hello all, Can anyone tell me how a mortgage assumption agreement works? What are some things I should be aware of when trying this strategy? would I analyze the property at the 1% rule? What are some appropriate coll...
Is acquiring properties via loan assumption a rare occurrence? Are home owners more inclined to choose a different type of deal (seller financing, subject to, etc.) over a loan assumption deal? What type of homeowners...
Hey guys,I am a realtor in NYC and have a well back client looking to purchase distressed commercial properties. The client cup of tea is loan assumptions with value add. A partner just found a way for more off market...
I would like to approach and owner in pre-foreclosure and try to assume the loan. Where would I get the appropriate documentation? How long before the sale is this possible?
Thanks
Jason
Hi all, been a few months sense I posted here. The market in the Inland Empire is turning and we are approaching a time where assuming loans will be beneficial. Actually, I did a search this morning and found 12 homes...
Hi bp, If it’s alright, I’d like to keep a construction diary here. I am a real newbie to the field, with only 2 properties to my name. My first property went well, especially for something I bought without doing any ...
Looking to speak with someone who has personally been involved with a deal where the buyer assumed the loan. If you were either the buyer, seller, lender, or realtor in a Loan Assumption transaction in New Jersey, I'...