All Forum Posts by: T. Alan Ceshker

Reach out and we can send you are documents detailing re wraps, wholesale, title process, reading a commitment, etc.  We are a law and title office and close investor transactions.  We can help get you started.

I have to differ with Nicole, when we close a wrap, sub to, assumption, etc. (I call all wraps), I draft loan documents. This is to ensure a fair and conventional looking, seller finance transaction. Also, having loan documents will allow the seller to get a new loan without paying off the old loan. The seller can show the note and timely payment and the debt will be removed from their DTI ratios.

Brady -- any advice and strategies are going to be contingent on what acquisition methods you are looking to pursue - ie cash, sub to, conventional lending, etc.  However, all would be benefited by having a mentor/coach/partner to advise on things until you have more experience.  You also need to attend as many good investor meetups as possible -- mentors can be found there.  Beyond that, you need a team in place: real estate agents, lenders, law and title, etc.  We have informational documents on the how tos of wholesaling, wraps/sub tos, title process, etc. If you want to receive any just reach out.

I wish you the best of luck in your investing efforts.

@Jeff K. If the current mortgage is a low interest, it is even better to create a seller finance note at a higher interest rate and cash flow more.  If the interest rate is not at it lowest possible, I would refi first.

I would seller finance the property via a wrap and take out the worries of being a landlord.

John Daetwyler with our office can help.  He is based in San Antonio.

We have been advised that Stewart title will not provide title insurance on foreclosures occurring after March 1, 2020 until January 1, 2021.  They relate this policy on the ban on federal foreclosures (CARES ACT).  We expect other underwriters to put this policy in place also.  Make sure you take this into consideration if buying a property the subject of a foreclosure during this period.

Nagendran - I own a law and title office and specialize in investor transactions.  Give us a holler.

Give us a call to help with entity selection and creation matters.  Transferring property from entity A to new or existing entity B is simple.

Give us a call and we can step you through the things to watch out for and also review the documents.