Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

21
Posts
4
Votes
Nicholas Junker
  • Investor
  • Bozeman, MT
4
Votes |
21
Posts

Wrapping an Owner Financed Property

Nicholas Junker
  • Investor
  • Bozeman, MT
Posted

Trying to find some information from this great community of Bigger Pockets before I speak to my expensive lawyer.

I currently own a distressed property owner financed through a trust indenture (similar to a contract for deed except that the title is transferrable before the loan is paid off). Terms are written with a balloon payment in one year. There is a title company involved in which I make monthly payments through. 

Im thinking about wholesaling the property. I have an interested buyer. Wondering if I am able to wrap the owner financed trust indenture and finance the property without doing anything illegal? Will the title company allow for another loan to be written on the same property? Is this a deal I would have to do cash only under the table? 

Please let me know if any of this is confusing or I need to explain the current financials more.

Thank you!

Loading replies...