All Forum Posts by: Ramon Mendoza

*Primary Residence (Not Wrapping My Primary Insurance). Sorry.

@J Torres
I'm supposed to be closing on one tomorrow, but I am totally confused as to how the insurance works. I'm probably in the same position as you were in a year ago. I'm wrapping my primary insurance, which is escrowed. Does my buyer purchase insurance and pay it in full for the year, and I remove my current policy? If they do pay the insurance in full, then do my monthly payments go down since the year has been paid in full, or is this even an option since everything is escrowed? This is uncharted territory for me, so I have no idea what to expect, and we're supposed to be closing this week!!!

Texas foreclosures restarted in June, but I'm not sure which month/months were auctioned, and if there is still a delay in auctions moving forward. I'm unsure which months to market to right now when it comes to Pre-Foreclosures because everything has become so all over the place due to Covid. Anyone from the Houston-Metro area have any ideas?

I'm a new real estate investor in the Galveston/Houston area. I'm wondering what the wholesaling landscape will be like in the near future?  Any feedback, or remarks on what the potential is for the opportunities available for wholesalers?