Thank you Scott. Your always my back support in this space.. I would love to learn more about Sub2.. My only concern is when the bank calls the note (if they do) but will need multiple and stronger strategies to remedy that issue with the bank.. Again, to put the seller in a peace of mind.. Sam
Sam, there are many strategies around that - you need a good attorney when this happens. Honestly it's rare - I've closed 10,000 owner finance transactions in the last 30 years and maybe Due on Sale has come up 8 times. If you do the insurance part right, it won't happen. Thats the biggest trigger
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Very informative video Scott. Thanks for sharing.
good info
Great info Scott! We just need to have you train an AI. I appreciate your help with some of the nuances of Texas creative finance.
Thank you Scott. Your always my back support in this space.. I would love to learn more about Sub2.. My only concern is when the bank calls the note (if they do) but will need multiple and stronger strategies to remedy that issue with the bank.. Again, to put the seller in a peace of mind.. Sam
Sam, there are many strategies around that - you need a good attorney when this happens. Honestly it's rare - I've closed 10,000 owner finance transactions in the last 30 years and maybe Due on Sale has come up 8 times. If you do the insurance part right, it won't happen. Thats the biggest trigger
Great discussion of specifics! I'm very interested to have a 30 min - 1 hr call with you to discuss how to structure businesses for REI.
You can call and set that up through yanina@hornerealestatelaw.com happy to help.