Assignment Of Mortgages Payments Sale Wrap

[Alejandro Flores]

On Assignment Of Mortgages Payments Sale Wrap, creating a creative finance strategy, I know you would mirror the note/ mortgage and pass on the deed to the end buyer. The end buyer would then put a down payment then also give a bit more of the monthly payment of the original loan, creating money flow.  But the question is as the investor how and what contract is used to sell the property to the end buyer? Since in Texas you have to hold on the property for 3 months. But I know investor that re-sell properties right away. How is that done? Do you sell the property right away creating another purchase agreement? Double close? or what?

[Ellis San Jose]

There are multiple ways to transfer title.  

Option ( future transfer)

Contract for deed ( future transfer)

Warranty Deed (immediate transfer)

Are what come to mind.  If you plan to do an immediate transfer of title you would have a Wrap around or AITD, or 2nd Deed of trust or mortgage.