All Forum Posts by: Chris Coltrin

Hey Guys!,

This situation might be very specific but I am needing help solving this issue.

I have someone who would like to sell me their Airbnb House they currently have it under a VA Loan with the Local housing authority.

it is assumable but would require me to put more down and would limit their use of the VA Loan until i refinance out of it.

the Local Housing authority has been calling mortgages due to anyone they find that are owner financing homes while still having an active mortgage from them on. 

The Person is wanting to sell me their home for the amount of Equity they have built in it right now. approx. 20K

The Seller has agreed to Let me Lease to own and sublet the home and continue to run it as I see fit. ( i am going to keep it as a AirBnb)

Is there a way transfer me onto the deed and then refinance the house out of the VA Loan and into my name?

Goal is to pay him for the house 20K ish have the mortgage for the remaining amount owed and not have to come up with 25% down for the mortgage. 

Hey there, me and my brother are wanting to buy a plex, He would be moving into it and using a FHA Loan to get in and i will be cosigning. He will be living in part of the home and i will not be. I have read Mixed information about being able to cosign and not occupy a plex while the main buyer is occupying. Some say you can not do this and some say you can. Has anyone done this and would be able to point me in the right direction to make this work?

I have a home I am wanting to sell that has a great interest rate with a conventional loan. 

I would like to make this loan assumable so that the interest rate will help it sell fast. 

Also curious if I can increase the sell price in exchange for them to get a lower interest rate?

does anyone have experience doing this? Would you be able to point me in the right direction, and teach me about any hurdles I may run into and how to overcome them.

Does anyone have any recommendations for Insurance, Property Managment, cleaning and Maintenance for Airbnb in South Carolina Specifically Myrtle Beach area. also on the Flip side does anyone have and black listed companies?