Updated about 1 year ago on . Most recent reply
Creative Financing looking for advice to pull equity/refinance
Hello I am a current real estate investor/ new real estate agent and I obtained 2 properties with creative financing. Both property's are located in Danville VA and essentially what i did was pay seller the amount they wanted to net for the sale and took over the payments for their current mortgage providers. We did not have the properties deeded in our name but have had rented out the property for 2 years and that's included on our taxes. The issue I'm encountering is the loan balance is now under 50k for each property what are my options besides a personal loan to purchase? each property has 100k in equity.