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What is a “wrap around” mortgage?
You don’t hear this one too much anymore because interest rates are so low. A wrap mortgage is where new mortgage debt is “wrapped around” an old one. This also can be called an all-inclusive-trust-deed (AITD), or seller wrap, or subject to (people call it this but it...
Success Story: Making the cash flow
This week’s success story is about investing. One of my first students to graduate from my new online beginner investor course, www.Mycashflowacademy.com closed on his first investment property with positive cash flow. As he tells it he had entrusted friends in the...
Success Story: When a rogue appraiser almost kills our clients’ chance at being debt free we fight back!
$100,000 in debt and needing to fix up their home, my clients called me for a refi. They have been loyal clients since 1996 and he is a veteran. They live in a neighborhood where 2 blocks one way property values are $100,000 lower than their neighborhood...