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Starting Out
HomeForumsStarting OutWho gets the benefits of Principal reduction?
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
Connect
Account Closed
  • Rental Property Investor
  • Yuma, AZ
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Starting Out

Who gets the benefits of Principal reduction?

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted Sep 11 2019, 17:39

If a homeowner finances you his property for 100k and you agree to pay him 100k but he owes 50k, and he has been paying for the property for 20 years, if you keep paying the mortgage payments and you agree to pay him 100k in 5 years.. who will get the principal reduction? The homeowner or me?

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