Congrats, and welcome to the rest of your life (haha)!

We personally manage all of our properties except the STR and even with a FT Property Management company we still put more mindshare and effort there.

The guy was a television personality that knows how to sell.

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.

Can you give me 2 real life scenarios from your experience?

Seller is hesitant to do seller financing as he is 71 years old, and a personal loan isn’t an option because I’m buying real estate Please help

You are doing exactly what you should do to start, just do it at meetups more in-person.

It must be a non-recourse loan, made to the IRA with no personal guarantees from you or close family members.

Absolutely do contact Yonah, he is the best person to answer your cost seg questions.As far as determining feasibility, it is usually done by your tax accountant who can estimate your immediate and future tax savings.

I've shown before in another real life post, it was cheaper for them to sell and pay the tax, than most any other option, even if they were still going to invest in real estate.Good luck.