Assuming or taking over delinquent apartments - Posted by William
Posted by William on January 31, 2010 at 19:33:49:
Looking for some answers here:
Is it possible to assume a reo 45 unit apartment complex from the bank or delinquent apt. owner? If so how?
I am bringing 200k to the table as well to @ least show that I am serious & have some skin in the game. Management experience (RE Broker,& have several rentals).
The reason I am asking is because I believe it would be simpler to do it that way other than jumping through hoops to get financing & coming up with 35% down payment.