What’s the general process for assuming a loan as a buyer? Non-veteran looking to assume a VA loan.Bonus question: If I want to keep and rent out my current residence, is it possible to get potential rent to count tow...
Hello - I found a very compelling investment property and the agent and her preferred lender are suggesting that the VA loan currently on the property is assumable by a real estate investor. I've asked for the loan de...
I have an opportunity to purchase an off market deal on a property in MD. The current owner transferred overseas, has the property currently under a 1 year lease, is looking to sell at the end the lease (Mar 25). I ...
Anyone ever purchased a home via a VA loan assumption? We're looking to assume a military member's mortgage (we're military too so they should get VA eligibility restored...). The owner's mortgage company (USAA Nation...
Hello BP family,My parents are looking to sell me one of their properties. We tried looking into the possibility of assuming the mortgage, however, their loan terms won’t allow it. Are there any creative financing str...
I have a client that is selling their home to me with a warranty deed. The client still owes on the mortgage. Can my client still qualify for another mortgage if they warranty deed the property to me? Will the warrant...
Hello! I have a 35 unit deal I am underwriting, but it is a loan assumption. First about the deal, 30 units are apartments there is a separate building attached to the land that is 5 retail spaces. Anyways, I know the...
If you obtain a house by assuming or subject-to existing financing. Can you turn around and get a HELOC on that home? Assuming you bought the house correctly and there is enough equity to do so.
Given interest rates are rising, would it be more advantageous to try and get a loan assumption from a seller that has a better interest rate than what would be available on the market? What kind of situation would ev...
Hello All! I'm a new member of BP and I'm trying to take my analysis to the next level. While I have always known that I need to account for Maintenance & CapEx expenses, I've just made sure that my "cash flow...