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13
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3
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Yoseph Kalman
  • Architect
  • Chicago, IL
3
Votes |
13
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"subject to" or other creative fin. options on hard money loan

Yoseph Kalman
  • Architect
  • Chicago, IL
Posted

Is there such thing as 'subject to'  or other creative financing option when purchasing a property from a seller who acquired the property with a hard money loan? In other words... If I found a property that is currently owned by another investor who purchased the property with a hard money loan to fix it up would I be able to purchase the property from them with a 'subject to' where I would take over the hard money loan payments or use any other creative financing mechanism to purchase the property?