
Turn a Rental with a Current Mortgage into a Mortgage Note (How to)
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About this listen
๐ง๐๐ฟ๐ป ๐ฎ ๐ฅ๐ฒ๐ป๐๐ฎ๐น ๐๐ถ๐๐ต ๐ฎ ๐๐๐ฟ๐ฟ๐ฒ๐ป๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ถ๐ป๐๐ผ ๐ฎ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ก๐ผ๐๐ฒ (๐๐ผ๐ ๐๐ผ)
Thinking about turning your ๐ฟ๐ฒ๐ป๐๐ฎ๐น ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ into a ๐บ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ป๐ผ๐๐ฒ? In this episode of the Paperstac Podcast, Rick and Brett explain how to create a note on a rental property with an existing mortgage. They cover strategies like wrap mortgages, creative financing, and how investors can leverage owner financing to cash out while still generating income.
๐ Key Takeaways:
โ๏ธ What is a wrap mortgage and how does it work?
โ๏ธ How to structure an owner-financed deal with an existing mortgage
โ๏ธ Risks and legal considerations for selling a rental with seller financing
โ๏ธ Benefits of transitioning from a landlord to a โlien lordโ (note holder)
๐ Chapters:
00:00 Introduction
02:07 How to Create a Note on a Rental Property with a Mortgage
02:50 Understanding Wrap Mortgages and Owner Financing
04:30 Market Trends: Why More Investors Are Exploring This Strategy
06:00 Key Considerations Before Structuring a Wrap Mortgage
08:45 The Importance of Rental Cash Flow in a Seller Financing Deal
11:00 How to Sell Your Mortgage Note for a Profit
14:30 Tax Implications & Spreading Out Capital Gains
16:00 Ensuring Proper Documentation for a Smooth Transaction
17:55 Due-On-Sale Clause & Risks to Watch Out For
19:20 Why Investors Love Wrap Mortgages on Paperstac
20:30 Preview: Next Episode on More Efficient Bidding Strategies
Interested in Buying or Selling Mortgage Notes?
Visit https://www.paperstac.com โ and streamline your note transactions securely & efficiently.
๐ Like, Comment & Subscribe if you found this episode valuable! Let us know in the comments: Have you ever structured a wrap mortgage or considered turning a rental into a note?
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