Hello,I have a motivated seller who has a difficult situation and I'm having difficulty coming up with a solution. The property was sold last year on a wrap around mortgage to the new owner. The deed was transferred o...
So I've been searching and haven't found much around the topic of assuming another person's mortgage. I have a friend who is moving and originally purchased his property with a Standard FHA loan. I'm attempting to a...
So, I just want 2 get a thing straight:
If I'm going to buy a real estate, and I lend 20.000 dollars and he/she will get a return on investment ( as usually ?) and intrests, I'm supposed to PAY BACK the 20.000...
I'll try to be as succinct as possible. I have a question on a couple of options on how to structure our first deal.We're buying our first property, a duplex, from a friend. My friend must walk away, after everythin...
I found an off market property that's going to foreclosure auction next week. I guess owner sat on it too long, he took my offer quickly. This was befoe I realized the auction was a week away. I'm planning on using...
on the bleachers right now just learning so i got a question If I find a duplex for 350k, put 20% down , 30 year mortgage after the 30 years is over and the property is paid off, it cost me more than 700k that just ...
Hi, I have been researching this online but have not found a definitive answer. I will try to keep the question simple though I think there are a couple of scenarios (whether you own a rental via an LLC or without one...
Hot investment topic alert: Assumable mortgages and purchasing properties with one. An assumable mortgage is effectively a 'portable' loan. Instead of applying for a new mortgage the buyer takes over the sellers exist...
My goal right now is to purchase and move into a fourplex. I had been thinking about going FHA, but that PMI just stinks! I was reading about a piggy back or 80/10/10 mortgage, and I kind of wanted to get a reality ...
Hello BP, my father and I bought a property for 28,000 about 3 months ago. A family friend loaned us 33,000 to buy the house and a little extra for repairs. We put an additional 5,000 dollars of our own money into rep...