All Forum Posts by: Wes Brumit

I need a good explanation of a Wrap mortgage using owner financing. Can anyone use owner finance? Does credit or actual funds have any bearing on a person/owner that wants to use owner financing.

update...Paula was unaware of Sub2 as well, even had some doubts about its legality. Said she would have to run by their underwriter.

Bill, have you ever had to "teach" an attorney or title company how to close on a sub2?

@bill gulley yes I have. Ive only found one in my town that had heard of Sub2 but had never done it before.

@tom kieth. Thanks, I will call. I havent called Central yet.

Does anyone have a recommendation for a Real Estate Attorney and Title company that are familiar with Subject To deals in the East Texas area?

There is so much information here, it's going to take me a year to read it all and the quality of people, experts, and advice is by far the best I have found. Great site Joshua Dorkin @brandon turner

@Justin Turner can you update on how this went for you? I'm down in in Longview and looking to accomplish my first Sub2 deal.

@Kris Haskins where in the purchase agreement do you place the number of days for your due diligence, i.e. inspection, finding buyers/tenants, etc?

great info guys, thanks so much

Yes Mark Kemp im looking for an example to read over, see what it looks like. What a LOA looks like and any other doc that would be used.

How do I make an offer using Sub2? Buy/Sale agreement? I need specific steps and line item information. Where are options placed? Id like to have 60 day option for due diligence and finding end buyer.

Anyone on BP also on the FB page Wholesaling Houses Full Time? Is Alex Joungblood a viable source? What's your experience with it?