Land Trust Assumable Loan?
So perusing things, I cam across this gem:
Making Loans “Assumable”. A non-assumable loan can become effectively assumed by using a land trust. The seller transfers title into a land trust...
I’m currently looking a multifamily deal where the seller is adamant about the buyer assuming their loan. The purchase price is $3.2m and the balance on the loan is $2m. Does anyone have experience assuming a Freddie ...
What are the best sources to find sources or properties to take over where I wouldn’t need financing. Such as taking over an existing loan, paying off current Liens etc. do you guys have a certain source for that or i...
We came in to contact with a lead through our DM campaign that has three properties he wants to move. He only wants to get what he owes on the properties. They are all three rented as investment properties.Property ...
In the process of acquiring two multi-family properties. Both are out-of-state therefore requiring us to utilize the services of a property manager. Both already have a PM in place. Wondering if those who have done t...
Hey, guys, My wife and I are purchasing a house that we have been renting for the last 4 years. The owners are separating and want to just get out of the deal, so we are getting the house on assumption of the curren...
Good afternoon all, I’ve invested in real estate for about seven years now but I’ve never assumed a loan before. I’ve always used a realtor etc. I was hoping to get educated on the process of assuming a va loan. We kn...
Hi everyone,My sister has great financing on her home in the Columbus, OH area (Dublin) and her payment piti is $900. She could achieve $1,500 in rent. She wants to move on and get a bigger better place but knows she...
With rates at the current rate and assuming majority of landlords/homeowners refinanced in the 2-4% range over the last 10 years, I just started doing research on assuming a mortgage. After reading some older forum ...
I'm brand new to real estate investing so thank you in advance for your help. My question is, can I assume a mortgage on a home in Georgia if the seller is behind on payments and headed toward foreclosure? I've read a...