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Wraps, Seller Financing & Assumptions- Bellevue IN PERSON EVENT FEB 2023
Thursday, February 23, 2023, 6:00 PM PDT
Category: Events
Bellevue Embassy Suites, along I-90
3225 158th Ave SE, Bellevue
Networking and Food from 6 to 7pm, Speakers start at 7pm
REAPS Members Free
Guests: $25
- Market Report by Angelique Tinney Check in on where its going now!
- Networking and Snacks
- Deal of the Month with Bryan Nasman
Bryan's property is in Moses Lake. Strategy is creative finance for multifamily acquisition, and also creative equity add.
- Meet Industry Vendors for building your team
- Your Haves and Wants
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Plus...
Susan Schmitt Local Expert on Escrow
LIVE ~ IN PERSON
Seller Finance, Wraps & Creative Closings
Susan will focus on the details of closing creative deals and what she has seen successful work over the years. Susan had been in the business thru several market cycles and can tell you what she has seen in other contracting markets. Susan is the Escrow Manager at Ticor Title.
MORTGAGE ASSUMPTIONS -
An assumable mortgage is a loan that can be transferred from one party to another with the initial loan terms remaining in place.
WRAP TRANSACTIONS -
A Wrap is a type of seller financing wherein the seller's existing loan is wrapped by a secondary loan from buyer to seller. The payment from the buyer is then used to pay the sellers existing loan.
SELLER FINANCING -
Real estate contracts vs notes / deeds of trust
CONTRACT ASSIGNMENTS -
A contract assignment allows a buyer/investor to assign their interest in a Real Estate Purchase & Sale Agreement to a third party (normally for a fee).
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Will be an awesome night!
GOALS * PLAN * SUCCESS for 2023!
New Year | New Goals | New Market - a perfect marriage, come make the best of 2023!
Never been to a REAPS meeting before? The first time is free! Type "Guest" in the promo code.
You need to be at REAPS Main Meeting! Learn, Network and Have fun!
REAPS Members Free
Guests: $25
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