Im looking to buy/control property with as little money out of my pocket as possible and lease option them out.
I have done a few lease options and have found out fast, that one tool alone wont solve all the problems that a seller can have. So im working on putting more tools in my tool box, so to speak.
Re: Wraparound Mortgage & notes. - Posted by Kevin Subbert
Posted by Kevin Subbert on December 01, 2000 at 01:15:11:
“Whats the best way to explain a wraparound mortgage or a note to the seller with out sounding like it only benifets the buyer.”
COLD, HARD CASH. When a seller wraps his existing mortgage he creates cash flow from the spread. Convincing a seller of that should be easy. My question to you is, if the sellers wrap their mortgage with a mortgage to their buyers, where do you fit in?