All Forum Posts by: Hae-Yuan Chang

Would love some hard money connections as well. Please let me know and I'll let them know you referred me! :)

Hey there! 

Looking to expand my leads. I wanted to connect with a knowledgeable and accurate wholesaler in the Orlando area. Please let me know if you guys have any suggestions! Thank you!

Hi BP!

One of my good friends is traveling indefinitely for long periods of time and is thinking about selling or renting his property. They are doing some rehabs currently and it's a beautiful property with a wonderful food garden in the front and back. 

I'm trying to figure out how I can help in this deal and make money as well so I can propose the ideas (considering good cash flow). An idea I had was to turn it into a rental by finding tenants and split the cash flow 50/50. So I become sort of a property manager. Or sandwich leasing? 

Are there other creative methods I can utilize that I may be missing? Could anybody give me tips on the methods I mentioned? Thank you guys! 

@David Dey

Appreciate all the help. I have a better understanding of land trusts and beneficiary interest!

@Brian Gibbons

Wow, thanks for the information. I think you have reminded me that I also need to get a better understanding of landtrusts and legal implications. 

I am trying to understand the contract for beneficial interest since these concepts are still very new to me; is this what @David Dey was utilizing in Sub2 deals, where there was an assignment of beneficial interest?

Does beneficial interest mean that you hold the title? Or are they both different? 

And to be clear, this is utilized so that to the seller it is low expense in case of default, and to the buyer, you are more protected legally? Would you be able to provide an example of a situation this is utilized so I can better understand the opportunities and apply the theory?

@David Dey Thank you for the incredibly thorough response. It gave me a lot to think about and analyze! Some questions that I have for you is if the Due On Sale clause is an issue? I've read many conflicting things about the DOS, some saying placing the deed in a land trust is not transparent, and therefore can trigger the bank to call?

And you wrote that you prefer a L/O because you can "have a buffer between me and the bank", but wouldn't this be the case with Sub2 as well? Since in both cases the owner is still named for the mortgage?

And to make sure I'm understanding, the determinant factor for which method to use is whether the seller wants to be on the deed anymore? So they do, then lease options which you in turn sandwich lease, and if they don't, then sub2s which allow you to transfer beneficiary interest. 

I am super appreciative of your response! I'm excited to have eviction records as another marketing tool.

 Thanks for the information! I'll have to be on the lookout for other methods then.

Hey everybody!

I am going to reach out to some landlords this week to make a few offers. I'd really like to weigh both Subject Tos and Lease Options, and how to know which is better for which situation. Some thoughts that I have is that if you do a Subject To, then eventually you can have the mortgage paid off and sell the house. With lease options, you can exercise the option, but would have to qualify a loan. Does anybody have any tips about this? Thank you!

@Erica Muller, thanks so much for the information!

Can you elaborate on opt in text marketing? To advertise a number so that you can send what exactly?

Hello everybody!

I was looking at a short sale today that was on the MLS for 50 days, was pending, and for $39k. I called to book a showing and they said the offers went up to $100k.

Is this typical of short sales listed to create bidding wars? Any tips on how to successfully find good short sale deals? Thanks!