Updated almost 11 years ago on . Most recent reply
1st attempt at subject 2
Hello everyone I'm looking at a prospective house ARV 100K, owner just refinanced the property with a 10 year fixed mortgage, she is paying 950 which includes, everything. The house can easily rent for 1200.
House needs no repairs, I think she mentioned that the morgagae is for 65,000.
I know the seller wants 10K for what she put in.
I'm going to propose to her that I'll give her the 10k, and I'll assume her mortgage. Let me know what you think.