JayGatsby Posted April 11, 2020 Share Posted April 11, 2020 -Second idea, do the AirBnB mortgage take over play, i.e. take over assumable mortgage. Will banks actually do this or how would you go about that? In Sam Zell's book he talked about at one point (early 90s / S&L collapse) he was scooping up commercial properties from the banks by doing this. I don't remember exactly, but basically they'd just give him the property and he'd cover monthly costs. To the banks it was great because they got to turn a non-performing loan into a performing loan. For him he got a property with no equity at close. Link to comment Share on other sites More sharing options...
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