Most lenders are going to want to see everything match when writing the debt instrument.

In Virginia, a Memorandum of Contract is a commonly used and legally recognized instrument to cloud the title when a party has an equitable interest in a property due to a signed purchase agreement.

These groups can be instrumental in helping you dive deeper into the market and align with experienced professionals.Good luck!

Definitely a lot of growth here as Texas Instruments is investing $29 billion into a development to bring over 3000 high paying jobs to Sherman.

When interest rates skyrocketed from 6% to 18%, lenders began putting due on sale clauses into deeds of trust and mortgage instruments/notes, especially since many mortgages were being originated with “teaser” rates and “buydowns”.  

We will fund this internally for our fund and take an assignment of the security instrument and endorsement of the promissory Note. 

There is a lot pain, frustration, and VALUABLE lessons learned from hiring a property manager (in my case, 3) which will eventually be instrumental in forming your thoughts and beliefs, not only about investing in and operating rentals, but real estate in general.From a financial standpoint, you will be in total control and have no one else to blame when things go south, but at least you were the one calling the shots and yes, we all learn from our mistakes. 

This chapter does not apply to:(1) the sale, lease, or rental of real estate by an unlicensed owner of real estate who owns any interest in the real estate if the interest being sold, leased, or rented is identical to the owner’s legal interest;(2) an attorney at law acting within the scope of his duties involved in the legal representation of a client/owner;(3) agencies and instrumentalities of the state or federal government and their employees acting within the scope of their official duties;(4) foresters registered under Chapter 27, Title 48, if the sale of any land is merely incidental to the sale of timber on the land; or(5) court-appointed receivers and trustees while acting within the scope of their appointment.

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

Texas is a community property - Primary Security Instruments: Deed of Trust, Mortgage- Timeline: Typically 60 days- Right of Redemption: No- Deficiency Judgments Allowed: YesIn Texas, lenders may foreclose on deeds of trusts or mortgages in default using either a judicialor non-judicial foreclosure process.Non-Judicial ForeclosureThe non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust.