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Updated about 5 years ago on . Most recent reply

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121
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33
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Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
33
Votes |
121
Posts

Private Money lending on Subject to Properties

Mallikarjun Reddy Pateel
  • Investor
  • New Jersey
Posted

Let’s say If i have to Put 20-50% down on a Subject to Deal do PML will lend?

I’m thinking not because there is a Already a Primary Lien( Mortgage).

can one Property have Multiple Liens? like if the property is Worth $100k and there is already a Mortgage for $80k, and If I’m doing Subject to and Seller asks me to put 20%, do PML will lend me $20k as Down pay?

Looking for advice on this Topic

Most Popular Reply

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572
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572
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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
572
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572
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Derek Dombeck
  • Real Estate Consultant
  • Wittenberg, WI
Replied

Of course it's possible to leverage 100%. It's just not likely that you will find a lender willing to take the risk with you if there isn't some additional value there

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