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All Forum Posts by: Christopher Cole

Christopher Cole has started 4 posts and replied 9 times.

Post: Due on sale insurance

Christopher ColePosted
  • Posts 9
  • Votes 3

Thanks so much

Thanks so much for the information one last question is there a Appraisal done when doing a wraparound mortgage and if so does the buyer pay for it

Quote from @Eliott Elias:

A wrap is if you owner finance a property that has a loan on it. Subto is when you take over the sellers loan payments  

Thanks sir 

Can someone explain the difference in wraparound mortgage and subject to the mortgage to me and is one a better tool. Also is there a special guideline in Texas to do a wraparound mortgage thanks guys

Post: Due on sale insurance

Christopher ColePosted
  • Posts 9
  • Votes 3

Thanks so much

Post: Due on sale insurance

Christopher ColePosted
  • Posts 9
  • Votes 3

Hello I am trying to find the due on sale clause insurance that 

Pace Morby was talking about can someone give me some information or company’s thatv offer that thanks 

Post: Subject to the mortgage

Christopher ColePosted
  • Posts 9
  • Votes 3
Quote from @Eliott Elias:

I do these in Killeen, use Ceshker title to do all your subto transactions. You need reinstatement info, payoff info, signed 3rd party authorization, and lien search before you can commit. 

 Thanks so much for the info I do have a quick question thow I have my eyes on a 4 plex but there list with realtor would it be best for me to go through the realtor to do the Sub to mortgage or would it be best to go straight to the seller to orchestrate the deal and if so what’s the best way to contact him thanks if you can help me out

Post: Subject to the mortgage

Christopher ColePosted
  • Posts 9
  • Votes 3

Hi guys I am new to the investment side of things I am trying to set up a subject two deal and start using creative financing is there anything Suggestions on how to find people that are willing to do that type of deal and also is there a company in Killeen Texas with Surrounding areas that can help do the paperwork once we have agreed upon the actual deal also what’s the best way to structure my first deal doing that type of financing

Hi guys my name is Chris I am new to the real estate investing game I’m trying to work a deal to get a owner and Killeen Texas to sell me a Four plex with owner financing can you give me some good advice on how to work that deal