Mortgage Note Investing Weekly

EP151: Turn a Rental with a Current Mortgage into a Mortgage Note (How to)


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๐—ง๐˜‚๐—ฟ๐—ป ๐—ฎ ๐—ฅ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐˜„๐—ถ๐˜๐—ต ๐—ฎ ๐—–๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐˜ ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ถ๐—ป๐˜๐—ผ ๐—ฎ ๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ก๐—ผ๐˜๐—ฒ (๐—›๐—ผ๐˜„ ๐˜๐—ผ)

Thinking about turning your ๐—ฟ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† into a ๐—บ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ป๐—ผ๐˜๐—ฒ? 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.

๐Ÿ“Œ Key Takeaways:
โœ”๏ธ What is a wrap mortgage and how does it work?
โœ”๏ธ How to structure an owner-financed deal with an existing mortgage
โœ”๏ธ Risks and legal considerations for selling a rental with seller financing
โœ”๏ธ Benefits of transitioning from a landlord to a โ€œlien lordโ€ (note holder)

๐Ÿ“– Chapters:
00:00 Introductionย 
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.


๐Ÿ‘ 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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Mortgage Note Investing WeeklyBy Rick Allen & Brett Burky

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