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.

In order to get the highest CMHA rent possible, your unit will also have to be fully rehabbed, you will need to provide all appliances, and pay all the utilities. 

I have landlords that are looking for a bigger space and I want to be able to provide one for them.

I'd also suggest reaching out to a local agent in your target investment area - they'll have good referrals to provide you for your lending needs. 

I run a Professional Landlord Service in Colorado Springs of which I am the President and may consider providing this service for you.  

@Hayden ThomasI recommend finding a tax strategist specializing in real estate taxation.

Hello, BP community,Are there any lenders on here that provide SBA loans for RV parks?

Hello investors,I have two long term sfh in Cleveland and considering purchase a third one for short term rental.Anyone with experience operating short term rental near hospitals in Cleveland for traveling nurses/ staff /patients that can provide a feedback? 

Lifetyles Unlimited can provide you a great financial roadmap. 

This splendid financial tool provides lines of credit ranging from $2,000 to $250,000, with low monthly fees for six-month loans all the way to 24-month loans.