Acquiring Real Estate "Subject To"
The presentation will go through the ins and outs of acquiring real estate subject to a seller's existing loans. The specific topics that will be discussed include:
- Legalities of acquiring property subject to existing loans.
- Understanding the due on sale clause.
- Understanding how certain loan types impact subject to transactions.
- Required disclosures for subject to acquisitions and dispositions.
- Reviewing the three main structures for subject-to-transactions.
- Going over the documents required for each subject to transaction structure.
- Setting up insurance on subject to transactions.
Speaker: Sean St. Clair
Sean St. Clair is a partner at the law firm of Fowler St. Clair, PLLC with offices in Scottsdale, Arizona, Casa Grande, Arizona, Alpharetta, Georgia and Sheboygan, Wisconsin.
Sean is licensed to practice law in Arizona and Wisconsin and has developed a niche of representing real estate investors in their transactions and business ventures. Sean co-hosts the weekly podcasts titled "In Rem: The Law for Real Estate Investors" and the "Creative Finance Collective."
Sean is also the founder and CEO of Missional Law, a 501(C)(3) non-profit, that works in Malawi, Africa to protect the human rights of those falsely imprisoned and to educate local villages on the issues of child marriage and violence against women.
WiscoREIA's Madison Meeting Always Meets on the 2nd Monday of the month from 5:30 pm - 8:30 pm!
Host: Chris Hake
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Chris is the visionary and investor coach of the Master Investor Academy and Madison Real Estate Investors Association (REIA). Chris has decades of real estate investing experience and has seen (and smelled) more distressed properties than he cares to admit. He now applies that knowledge in the mentoring and education of his Coaching students that are actively engaged in rehabbing, wholesaling, and holding of properties all over South Central Wisconsin.
Chris has been a Madisonian for over 45 years and investing in the Madison real estate market for over 26 years. Since doing his first house hack in 1994, he has been involved with 100’s of house flips, 100’s of rentals, raised over 10 million dollars to fund those deals and had 1000’s of students come through his local training and coaching programs. Chris has a PhD & Master’s Degree in the school of hard knocks.
Between 2006-2010 Chris taught the Real Estate Investing course at Madison Area Technical College, which saw 100’s of students come through his classes.
Between speaking engagements and mentoring other investors, Chris oversees the daily operations of his investing business, Madison Property Group, that rehabs, wholesales and wholetails properties, and holds properties for his investment portfolio.
In July 2012, Chris founded The Madison REIA and in July 2021 merged his REIA with WiscoREIA which has 7 REIA’s across Wisconsin, bringing the combined membership to over 650 with 8 locations!
Make sure to bring tons of business cards as you will be meeting with people that you want to get to know!
Meeting Location:
Tanner’s Bar & Grill
2259 Deming Way
Middleton, WI 53562
Please enjoy food, drinks, and TIP YOUR SERVERS!
5:30 pm - 6:00 pm - Doors open early for Networking
6:00 pm - 8:00 pm - Speaker Presentation
You can stay after the meeting as well to network! Remember to bring your deals!
Members are always FREE! Your first meeting with WiscoREIA is FREE!
After your first meeting, Non-Members are $30.00.
***Make sure to pre-register - We are now Cashless***
