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Hello, I recently acquired a property subject to the existing financing on the home in California. There is $60000 left on the mortgage, with 17 years left, payments of $598 + ins & taxes. I have rehabbed the pro...
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The situation:I have a foreign rental property that I have held for more than 5 years with a gain of $1.6 million (basis was $1 million, current selling price $2.6 million). However the property has a recourse mortgag...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $270,000
Cash invested: $19,700
This property was sold to me from a veteran's PR after passing. I was the general c...
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I am dealing with someone who needs to sell a house and they cant find anyone who can assume the loan. I know we can assign the mortgage to someone who can make the payments. The thing I dont understand , does the loa...
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I am about to close on a turnkey property in Memphis, TN. One thing I just noticed is that there are no garage doors in what was previously a two-car garage before they did the rehab. It basically looks like a cover...
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For all you BP, creative financing experts out there;
Have you ever bought a property via Land Contract/Installment Sale AND took it Subject-To the existing mortgage?
This seems to be a great strategy (if it can be ...
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Hi Everybody!I came across Bigger Pockets a few years ago and unfortunately did not allocate time to learn more through this community, and sort of forgot about it. Recently, I started listening to the BP Podcast, enj...
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Hi all, I'm learning and have not done any deals yet; however, I was chatting with a friend who says that what I'm being taught is illegal in the State of Colorado.Here's one of the approaches, maybe someone can help/...
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I have a lead where the owner of the property interested in an MLO. The property currently has a mortgage but, the mortgage has a balloon payment that will be due next year, it is not a good candidate for Sub-2 or wra...
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some clarification needed please, according to Dodd frank act CAN we apply rent credit in a lease option to the purchase price