I probably won't ask this question where it's understandable, because I am confused about what I was reading. Wholesaler finds Motivated seller that has an existing mortgage of 61k. Wholesaler tells seller that he ...
I am looking to stage a cash-out refinance to occur the same day I close on a property. I want to dump all my capital into a lucrative foreclosure property where on closing I will own it 100% and then immediately have...
Has anyone seller financed a property when you still had an existing mortgage? Is this legal?What are the pros & Cons?What are the situations someone would consider this transaction? (ei: better cash flow)Dustin
Do existing mortgages get removed from a property that is sold at a tax deed sale in California? TLDR: All my research seems to indicate that an existing mortgage would be removed. However, I asked Chat GPT this que...
Hello, I'm new to real estate investing and wanted to get started using the "subject to existing mortgage" strategy to buy and hold (landlording) to build wealth. What sorts of advice can you give me to get started in...
If the seller has an existing mortgage balance of say $50K on a property being sold to the buyer for $400K via seller financing, what is the tax ramification to the seller if the buyer takes out a mortgage to pay off ...
:D Can a commercial office building, for sale, be acquired by financing the property at appraised value AND using a federal government tenants lease (5-10 years ) as collatteral or down payment on the mortgage for th...
I need your help on thinking through strategies to acquire a property via seller financing that still has a conventional mortgage on it. I've heard of wrap-around loans and situations where you take over someone's pay...
I need your help on thinking through strategies to acquire a property via seller financing that still has a conventional mortgage on it. I've heard of wrap-around loans and situations where you take over someone's pay...
My question is about when a home owner sells their home "Subject 2" - meaning deeding the house to someone else but leaving their existing mortgage in place. If that seller tries to buy a new home afterwards, will th...