Brian Estes
Assuming low-interest loans from sellers -- how to do so as an investor?
Does anyone have insight into how an investor can assume a seller's existing low-interest loan? Or is that only allowed for first-time home buyers and/or non-investors? With interest rates so high, I'm looking for cr...
Charles Granja
No property tax / Assumable debt for multi-family. How would you qualify/structure?
Hello Biggerpockets,I would like to hear your perspectives on this.I do not pay property tax in Chicago and I found that I can purchase a triplex/quadplex in Chicago or the suburbs for up to 800k. After this write-off...
Account Closed
Home rehab -- bank telling me to assume $0.30 value increase per $1 spent
I'm looking to finance a renovation of my primary residence and one of my lenders is telling me that if I spend $150,000 on a renovation, I can expect it to add $50,000 or so of value to my home. That seems too conser...
Fernanda Duran
Any way to 1031 into an assumable mortgage (FHA, VA, or anything else?)
With interest rates as they are, I'm wondering if the above is possible. I've seen SOME assumable mortgages that are for investors, but those are balloons. The only fixed assumable mortgages are either FHA, or VA. Is ...
Jeff Auerbach
Best way to market new listing with an assumable VA Loan at 2.25%
I have a listing in Tucson that has an assumable VA loan at 2.25% It's a great house, in a great area.Sellers won't allow open houses.I've posted on socials, paid for targeted ads, cold called agents (500+ so far) in ...
Zen Lenon
[Creative Financing] 2.75% Assumable VA Loan in Vegas Market as MTR/LTR strategy
Hello everyone,
I often come across creative financing properties, but I've recently stumbled upon a compelling opportunity: an assumable 2.75% VA Loan deal in North Las Vegas. This property features a 4-bedroom layo...
Samantha Baker
Assumable loan at 5.5% 13k to get into it. cash flow of 150
Hello, I just want to make sure that I am not missing anything that I am not aware of prior to buy this home. 320k buy price Seller owes 307k on the loanAssumable loan at 5.5%I would pay 13k for the equity in the home...
Aaron Smith
Assuming an FHA Loan from a Seller who does Not get a Release?
Hi, I have a question I hope someone can answer.Say a seller has $80,000 left on an FHA loan. They just want someone else to to assume the mortgage payments and give $8,000 as a down payment. So, a total purchase pr...
Damien Papson
Does assuming a VA loan satisfy the 1 year residency requirement for rentals?
I'm wondering if anyone has experience with VA loans and the 1 year residency requirement before you can use the home as a rental. I'm looking into assuming VA loans with very low interest rates to be used as rentals...
Chad Bixby
What's the best way to assume a loan with the lowest closing cost
We have a home that we are pre-qualified with the bank to purchase. The loan is a 30 Year Conventional/Rehab loan which is requiring 15% down with an interest rate of 5.6% (which imo seems pretty reasonable). The pr...