All Forum Posts by: Montray Wilson

@Doug Pretorius I’m going to defer to you on rent to owns, because you have dont a boat load of them. LoL my research so far says it’s high reward, with low risk. Just have to setup right.

@Daniel Kurkowski I don’t have much experience with them either, but I’m working with someone who does. I just wanted some feedback from my BP family. So far I havent heard anything that scares me. But im not done listening yet. I’m patient .

@Nelson Del Castillo thank you for the support, I’m working with someone who has done a lot of these, but wanted to get some feedback on BP. It’s good to hear from different views points. So far we have an answer for every question. But maybe someone will bring something up that I can’t answer. Or haven’t thought about before. I just want to thank everyone for their input! It’s been great!

@Jay Hinrichs I understand what your saying , but if your a buy and hold investor you can have the same thing happen. But here I have 6k to 10k upfront to help with what concerns you. And once again Sub 2’s are not Illegal! The deed and the note are two different things. I can’t understand why people want to take all the risk, if they don’t have to. In the contract we give the seller the option to have the house deeded back to them if we don’t deliver. ( which is just deed the house back to them from the trust.) but we will deliver! we are not cercern if House sale fast or slow, because we have money on the front of the deal and cashflow until house sells or note payed off by renters.

@Ned Carey I have studied the deal from different view points, I didn’t explain every little detail out in this post. But here is more alIttle more info: The seller will continue to pay note until we have new buyer in house. A part of the non refundable deposit of 6k to 10k will be set aside for emergencies. New buyer will be responsible for repairs under $500. This is Typical in rent to own deals. The seller has been thier 2yrs, hot water heater and Appliances are still under warrantee, roof Is new also. If we have to get new buyer Its ok, we take another non refundable deposit and start again. The house Is nice I could aways just move In myself. I have Thought about It, but want to Invest fIrst. It Is an exit strategy.

@Doug Pretorius thanks I have found so stuff on YouTube about master lease. I really like your thought about build up more Reserves before I stay in the middle of a deal. I have a few thousand saved and all my credit cards has max available amounting on them. But I thInk I will do It your way! THANK YOU MJ

@Wayne Brooks thanks for the input. “Sub to” are not Illegal, And you have scum bags in every field. I will do everything by the book , because I am a man of Integrity! Their is aways some risk in every investment. Thats why I asked for input. I need to know if it is a risk worth taking. I have talked to a lawyer that has told me I can do it. If I do it, i will close every deal with a lawyer to protect myself. But will study master lease option before I Proceed, thanks for your help.

@Doug Pretorius Thank you so much for you time, you input is helping alot. so your saying a master lease is low risk for me because it wont triger the “due on sales “ Would I still be able to lease it rent to own and make money on the sell? In what case should I do a “sub to “over a master lease and Vice versa?

@Wayne Brooks thank you for the input, but Its really is not a lot of risk, this is why: The loan on the house stay in sellers name, only the deed transfer to me. I’m not Personally Liable for the loan, within the contact if I fail to make the monthly payments they just get the house back. End buyer is on a lease to buy which is a rental agreement with option to buy. If they don’t buy I still have non refundable deposit for option! Some of which I keep for possible Vacancies. And I can always put new buyer in house, while they continue to pay down the note until it sells. Does not matter if house sells fast are slow. Do you have Any Experience with Sub 2?

@Ned Carey once I have control of the house, I would do a rent to own where I would receive a non refundable deposit for the for the option to buy (6k to 10k) they would pay $1300 for the rent until they can buy. That’s $410 per month, and I will have an agreement to buy house for $120k. Which is $10k on the sale. What do you think?