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Updated over 5 years ago,

User Stats

78
Posts
31
Votes
Jacob Michal
  • Flipper/Rehabber
31
Votes |
78
Posts

Creative financing CFD & Wraps

Jacob Michal
  • Flipper/Rehabber
Posted

Okay so I've been wholesaling but also trying to learn some REI creative financing strategies and have some questions about wrap around mortgages and contract for deeds

1.) if I obtain a house through a wrap around mortgage can I then sell it to a retail buyer via contract for deed.

2.) if I obtain a house through a contract for deed and the seller has a mortgage can I then do a wrap around to a retail buyer

3.) when doing a contract for deed while I personally pay the taxes on the house and insurance or will I have to provide the money to the seller to pay them and make sure he pays them.

4.) what if the seller passes away in the process of them owner financing the property to me.? Will I then just keep making the payments to the heirs the next in line .

5.) is there any courses books or podcast you would recommend me to read currently reading a fortune by your feet by a.d Kessler and listen to Jonathan rappaport podcast on creative financing