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Finally landed my first subject to deal, but I need some help in getting it done. Scenario is as follows:Contract to puchase property will be at current mortgage balanceSeller is willing for me to assume his mortgage...
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How do I calculate the net worth of an owner financed property?
I'm the party doing the owner financing.
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Is it as simple as as the borrower (obviously) you'd negotiate for interest later and as the note/mortgage holder the converse, interest first? Or is there more to these types of terms?
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In an effort to get this new forum started, I thought I'd start with a post that should be easy to discuss given some of you residential folks might have a commercial multi-family property or two or be looking for one...
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First, I am anticipating this scenario, it hasn't actually happened yet. I purchased a house 18 months ago with seller financing and theres a 24 month balloon. I have a buyer for the property now. Based on emails with...
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What happens to existing HELOC when u refinance? I'm thinking I should take advantage of the all time low rates but if I do will my HELOC have to be reapproved?
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I owe around $162,000 on my home but the value is now about $204,000. My credit score is in the high 500's, largely because I have all my credit cards at their maximum left over from Christmas, I just paid them down t...
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Hello all!
I love the BP community and all the wonderful help and knowledge that is here!
I’m currently being put on my parents feed.
Now, I want to get a loan to pay off their balance $45k, get a lower interest ra...
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Hello all. Can someone explain the details of selling a house to a child?
Is there a limit on pricing?
Does it have to be sold at fair market value?
Are there limits to the “look back” for primary home exemption?
...
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Hey Bp,
I wanted to share my situation with the hope of recommendations or suggestions. I currently have a home in Augusta, Ga listed for sale. Originally this was supposed to be fix and flip, but I am pivoting this ...