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Assume new loan?
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Wrap Around?
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Seller carryback?
I would appreciate any insight anyone can offer
Deal involves a 145k rental property, fully rented at a positive cash flow of 470/ month average.
I can qualify for a decent interest only loan, maybe even a standard loan.
Seller is motivated but not desperate, open to options
So What do you think is the best deal here?
Should i get him to just carry as much as possible and assume a new loan??? So I can get something btter than an interest only?? Or just Assume a new loan?
Assume his mortgage, and pay him for his equity on a monthly bases?
Any help would be great.