All Forum Posts by: Scott Simmons

Good afternoon, I´m looking for someone who can help me with some guidance on how to set up the paperwork properly and have a better understanding of the process go for a Sub-to deal with a Land Trust, I already have all the paperwork (I believe), POAs, Sub-to, and everything, before I go ahead and hire a RE Attorney.

I´m in the Hampton Roads Area and honestly even if is a 30 minutes call that will help me a lot with understanding the the process.

thank you very much.

Thank you for your input Bob, everything is about how willing are we to modify our ways to reach success. Let me modify the way I wrote that down.

Wish me for more challenges to get my way, so I can continue improving , solving them and reaching my goal.

For creative finance training, specifically in the Sub-To realm and owner financing is where my next path is at.

Problems will always come and if not avoidable, I´ll better learn how to solve them.

Again, thank you for your input and Guidance.

 Hi River, Thank you!!!

 Thank you Kerlous!!

Good day to all BP,

I have always been thinking about the time I will take the jump and actually ask for help advice from an experience investor. I´m new at investing in real state and I´m new at Creative Finance. I have invest in some properties but nothing Big yet. Now I´m trying to buy real state under Sub-to deals and I have one on hand and don´t want to let it go.

I hope this reach to a person/people who will be interested in sharing some of his experience with a newbie trying hard to navigate to this unknown waters.

I´m currently in southern Virginia, am a Veteran and Speak 2 languages (if that helps. English and Spanish), 7 years ago I had 200 dollars in my pocket and that was all for me, that and desire to reach the American dream. I´m getting there, slowly but surely.

If you read this, I thank you for your time and wish me luck.

Hello Community, as you might see I'm not to new of member in Biggerpokets, but I continue learning everyday about investing in real state.

If you want to connect, I´m in southern Virginia around the Hampton Roads area send me a message and lets connect!!! It will be nice to connect with other Newbie investors in the area and exchange plans and ideas.

Good morning, My name is Hiverson Scott Simmons, I´m getting my first sub-to deal in the next couple of days trough a real state agent who brought me the lead and I´m paying her for her services in exchange for bringing me the opportunity. My problem is she doesn't have much much knowledge on the creative financing realm and is trying to do the deal as a normal real state transaction. I have been educating her on all the documentation I need her to get from her broker and maybe title company because I don´t have the contracts and clauses myself (other than maybe some online free contracts from some youtubers teaching creative financing). If there´s a way I can get some guidance on how to get the documents or if someone have them or an example of them let me know. Thank you very much for your time.

Thank you for your input and time. I have to begin somewhere and at some point if I keep procrastinating I will never begin. What do you think can mitigate the risks of subject-to and what is your prospective about the next 6 months to a year?

Good evening I have a property I am looking to assume but I can't due to DTI. I know I can extract cash flow from the property even though the interest rate is not that good i can still cash flow some money and refinance in the future. I know to VA lets you assume the loan true a subject to method and thats my plan.

any advice on how does that work?

About the purchase contract. I feel like hiring an attorney will be way more easier because they have the experience. At least for the first and second time, after that I will consider other methods. Any recommendations about a how to chose a title company and a real state attorney?