All Forum Posts by: Blake Gastelum

Aaron,

Thanks for the thoughts. It really isn't that hard in my opinion. The title doesn't transfer and the existing loan stays in place. Title transfers at the end of the 5 years. There is not a lot of equity in place and a good loan; payments are favorable compared to market rent. The seller will pay me a certain amount down and be in the home for the allotted time. I am not collecting payments or rent; I am essentially done once the transaction is closed by collecting the payment from the buyer. The service company is making payments and sending statements. It isn't that bad I am just making sure I have the proper documents.

Sean Terry is a proven investor, I would encourage you to look him up or listen to his podcasts for more information. He currently runs a company in Phoenix.

Thanks for your thoughts,

Blake

Hello,

I have a deal in place and I am looking for advice on the contract and what documents I need in South Carolina. This will be my first deal and I appreciate the help. I have a seller who doesn't have a lot of equity in the property. I want to structure a subject to where an exact wrap is created and seller financing is in place for 5 years. At the end of the 5 years the buyer can seek traditional financing, buy outright, or renegotiate with the seller. A title company will service the payments and send statements. If I can get some advice on the documents I need and if anyone has some thoughts I would appreciate them.

I have heard this strategy from Sean Terry for homes that do not have a lot of equity but the seller is motivated.

Regards,

Blake[b]

Michael Quarles,

Thanks for the investment and potential opportunity. I am driven to get my business of the ground and get a deal done. I am reaching out to you because I would cherish the investment on your end. The success that will come from this will be life changing for my wife and I. We are late 20s and have had a journey to get to this point. I believe that I have sincere intentions and a solid work ethic toward this venture.

A break such as this is something that you can't always explain why you were chosen but you can always look back and know it was a difference maker. 3000 yellow letters can result in helping my wife out, family, and church out.

Thank you for your consideration.