All Forum Posts by: Montray Wilson

@Doug Pretorius Thank you for the input, it sounds like you are recommending Traditional Financing. I have been Researching Creative financing and it seems to me that “sub to” would allow me to have the title deeded to my land trust which is the only way to get the deed without setting off ”the due on sale” Then I would put it on Craiglist orZollow rent as a lease to own. Have you ever done any sub 2? Do you think a master lease is better? If so why?

Don’t know if it’s just me, but I have call about 7 law offices in the Clearwater/Saint Petersburg area, look for a lawyer to handle the closing on a deal I have on the table. How ever to my surprise most have treated me as if I wanted to do something illegal! And some dont do sub to’s. One guy Lecture me then said he would change $2200 to draw up all the paperwork, do title insurance, and closing. Is this a good price? What else do I need the lawyer to do for my subjects to loan? I am buying house subject to loan in place, so only deed will tranfer to me loan will stay in sellers name. I will then sell house rent to own to a new buyer. Look for advice Thank you

Hi Everyone,

I have been Listening to podcasts and watching YouTube videos on real estate for over two months now, my wife says that I am obsessed and I can do nothing but think about real estate. I have been looking for creative ways to get financing as I don’t have much money to get started. I recently was approached by a motivated seller that is interested in selling her house to me on a sub 2.

I don’t know which documents I need and after I obtain the house what is the best way of obtaining a buyer for the property?

She has given the following info:

She Has 110k left on Mortgage

House maybe worth 105 to120k

House in great condition, I saw it 4br/2bth

Monthly note $890 includes tax and insurance

She wants to move back home out of state, because of death in the family.

She wants 3k to 4K to relocate

She says everything in current on house, will let me buy it for amount left on house when I sell it.

Rent In the area Is about $1300

Any Help will be very much appreciated.

Thank you for your time,

MJ Wilson

I’m happy for you! Keep your foot on the paddle, you have great momentum! This inspires me this morning! Awesome

Thanks for tips

Hi everyone! I’m new to real estate investing, I live in the Saint Petersburg Fl area and I would like to connect with other RE investors in my area. I would like to learn more about buy and hold Properties and flips. I have been an Electrician since 1995 and I’m not afraid of hard work. Would love to Transition into some house flips and parlay the cash into buy-and-hold real estate. I have been studying The ultimate beginners guide and looking at as many podcast and YouTube videos as possible. Can anyone recommend me some great Beginners books on investing in multi family dwellings and house flips. Any other advice will be greatly welcome.

@Gregg Heminger Awesome ! Way to go, I am encouraged by that as a newbie here!