All Forum Posts by: Daniel Mendez

Good evening BP,

Can someone help me clarify what is the difference between a Subject-To vs a Wrap around mortgage? 

I've definitely done my share of research but I am trying to see if everyone has the same definition of what the difference is. 

Also, can you provide an example of when to do a Subject-To vs a Wrap Around mortgage? 

Thanks In advance!

 Allan,

I greatly appreciate your input. This definitely clarifies a lot for me. 

Good morning BP members,

So I am really trying to nail all the details about how seller financing works.

What I am still fuzzy about is:

1. Does the seller work with a third-party mortgage loan company to establish the loan that I have with him/her?

2. Do I work with a title company at all during the process?

3. Does seller financing only work when the seller owns the property free and clear?

4. Am I responsible for creating a loan amortization schedule to know how much I owe as I continue to do payments?

Thanks in advance!

@Joe Horan

Joe, what software do you use to send this direct mail? Or do you hand write them all and drop them off at the post office?

Andrew,

I appreciate the referral.

Have you been working with these individuals for a while now? 

What has been your experience?

 Thank you sir!

 Yes, I am definitely willing to work with someone remotely. I just need someone who is very familiar with real estate tax and knows ways I can save money now and not in the future. 

Good evening BP members,

I am looking for any great knowledgeable real estate CPA referrals that can assist me in guiding me in my real estate investing journey. 

I would love to meet someone that can assist me in setting up my company correctly so I can take advantage of tax deductions.

Thanks in advance!

@Samuel Garrett

Samuel, you’re killing it out there! Huge congratulation!

Do you mind sharing your core 4 team members.

Please and thank you!

@Samuel Garrett

Congrats!

Can you tell us how exactly did you find this deal? Did you find it on the MLS? wholesaler?

Thanks in advance !