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

  • Feb 7 2025
  • Duración: 22 m
  • Podcast

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

  • Resumen

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

    Thinking about turning your 𝗿𝗲𝗻𝘁𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 into a 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗻𝗼𝘁𝗲? 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.

    📌 Key Takeaways:
    ✔️ What is a wrap mortgage and how does it work?
    ✔️ How to structure an owner-financed deal with an existing mortgage
    ✔️ Risks and legal considerations for selling a rental with seller financing
    ✔️ Benefits of transitioning from a landlord to a “lien lord” (note holder)

    📖 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 – and streamline your note transactions securely & efficiently.


    👍 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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