Re: "Subject to" vs 'Assume" - Posted by Redline

Posted by Redline on March 15, 1999 at 14:42:10:

I don’t know - from what I’ve heard from people on here - that wasn’t true.

Supposedly you can continue to get bank loans AS LONG AS those outstanding loans you have make sense. In other words, if the properties are clearning money for you every month (AFTER vacancy allowances and expenses) then they will continue to loan.

Now, one bank might not want to extend themselves any further with you, but supposedly another bank would accept you.

I do want to hear what others have to say about this BTW.