Ask a loan professional anything

[Jonathan Taylor]

I have learned so much on these forums when I started in Real Estate and always appreciated when folks here would help me learn. So in this uncertain market, Im sure there are folks here with questions about financing for a property. I have done this a few time in the past but I am opening the door to anyone who wants to know more about the loan process, the loan market and anything financing related. 

What are your questions?

[Jonathan Taylor]

@Account Closed a few questions first, is the property currently operated as a STR earning 5600/month? If not where did you get those numbers? Second, do you know if the current mortgage is assumable? Lastly, why is the current owner selling at such a discount?

On the second position question, almost all of my lenders/table funds who may entertain this, they would want you to have some skin in the game, at least 10% of value. Is that possible in your position?