
26 April 2024 | 10 replies
Without getting too deep into my own personal financials, ill create a quick scenario.

26 April 2024 | 9 replies
Sub to is very hard to do . its usually distressed assets etc etc.

26 April 2024 | 2 replies
However, I'm not sure the seller will be able to do that as they are going into either a nursing or assisted living (I'm not exactly sure) and those places may say they can't have any assets - so seller financing may be out of the question.

25 April 2024 | 2 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you legally separate them from your personal assets.

26 April 2024 | 1 reply
Real estate investment is a popular way to build wealth and secure a stable financial future.

25 April 2024 | 2 replies
As an aspiring real estate investor with a background in financial marketing and mortgage insurance, I bring a unique blend of skills to the table.

25 April 2024 | 11 replies
Overall, I think the corporate life is not for me and I will be putting in the work to build my desired financial freedom through real estate.

26 April 2024 | 4 replies
To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.

25 April 2024 | 11 replies
This is a really interesting asset that I have been noticing and researching as well.

24 April 2024 | 8 replies
I would suggest sharing the property analysis with your advisor to he/she understands the deal and properly add it into your financial plan.