All Forum Posts by: Jeff Schwarz

My understanding is that a law was passed in Austin back in 2005 against using Land Contracts and that this law also affected how we use Lease Purchasing and other transactions. I have not followed it lately to see if any updates or changes in Austin. You might check with www.TexasLegalDocs.com.

I have been a self employed entrepreneur involved in sales and marketing since 1972 and real estate since 1993. That is 39 years of being on my own. No anxiety, just spend lots of time thinking of ideas, making decisions, taking action. Then learning from my decisions, making corrections, and, always studying and asking questions of others. You just gotta wanna. You don't make mistakes, just corrections! Welcome to world of freedom.

I wonder about a Mortgage Assignment but the $32,000 is really, in most cases, to large for that also. You sure would have to have a motivated person to take over this property.

Do you have an LLC established? Are you the sole person involved in the LLC? Of course you have to work with a CPA and perhaps an attorney to get your questions answered. We can't give you legal advise here you know. My suggestion is find a CPA that, hopefully, is also a RE investor.

Hello Belgenman and welcome to BiggerPockets. We are glad you are here in beautiful Texas. Abilene is a wonderful town, just the right size. Call or email anytime and welcome to the wonderful world of real estate.

Excellent, thank you. Also perhaps someone will end up making a deal with me.

I am from New Braunfels but also spend a lot of time just north of Dallas in Frisco. I have been part-time in RE investing for a number of years. Always looking for a good deal to wholesale or retail. Trained in the Inverse Purchase and have two partners I team up with for short sales. Learning and studying about lease purchases right now. Available as a consultant for farm and ranch related RE deals and I am also involved in other marketing not RE related.