David Stafford
Escrow Accounts for Rental Properties
Hi All,I'm looking to purchase a number of smallish rental properties and I'm curious as to the general consensus (or rules, as it were) to the incoming rental checks -- do I open an escrow (or simple checking) accoun...
Chris DeSisto
Subject-to to wrap mortgage
When you buy a property sub2 for say 70k then wrap it for say 100k to an end buyer, the actual wrap, is it a contract for deed or is the wrap a note and deed of trust to the end buyer? I assume you don't want to give ...
Derrick S.
RE Broker wants a WRAP rather than Sub2 - Explain like I'm 5?
I'm not sure about the suggestion of the broker that is selling this property. I requested a Sub2 agreement with the seller (It's in probate, they're just trying to get out without losing money), and the broker said t...
Nathan Farkash
Self Directed IRA Question Regarding Lease
I have a signed lease that will be making future payments but has not started paying yet. This lease is under my name so it will be taxed as income every time there is a payment. I am wondering how I would be able to ...
Jason Lee
When to Foreclose
I owner financed a property that I own. 10 years. 1000$ per month. 8% apr. I got a great sales price. I used an attorney. Deed of trust and promissory note. Buyers paid down payment. They made 2 payments on tim...
Daria B.
Due On Sale - Estate Planning
In my estate planning I, like many, am looking at the "due on sale" clause (if) within the 2 mortgages for my rentals.I've yet to find these terms or similar definition within the mortgage documents and am still rerea...
Jay G.
Co-Owner/Co-Borrower relative title/vesting question.. rev trust?
- Myself and a family member (uncle) are purchasing a property. - Uncle is Non-Occupying Co-Borrower.- My family and I will be living in the property as our primary residence. Uncle has own primary residence elsewher...
Tim Silvers
Subject To transaction - need to structure seller assurances
Buying a fire-damaged SFR sub2 in which the insurance will cover the entire cost to repair/renovate (the house is gutted to the studs, so I will wind up with a 100% brand new interior). I will be using my contractor w...
Connor Williams
Buying subject to
Circling back to buying a family members house.. can’t assume the property since I won’t be occupying it. So looking into subject to. I would be on title, she is completely off once it closes. Then she continues to ma...
Chris Seveney
Do you invest in Land Contracts? Why or Why Not
For those who invest in notes, the number of notes for sale has been limited compared to the number of contracts for deeds (aka land contracts, an agreement for deed, CFD's etc) I see on the market.I know some investo...