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 Milwaukee Meeting Always Meets on the 1st Tuesday of the Month from 6:30 pm - 9:00 pm!
Hosts: Amy Farrow & Jesse Garcia
Amy Farrow is an Attorney and real estate investor with over twenty-five years of experience. She has represented business owners, banks, and real estate professionals in litigation and transactional matters. Amy has also closed hundreds of real estate transactions, residential and commercial. She has bought and flipped more properties than she can remember, the very first in 1999.
Amy is a graduate of the University of Wisconsin, both undergraduate and law school. She began her practice of law at a small firm servicing Columbia, Sauk and Dane County. After a few years of practice, Amy joined the Department of Justice. She served as a Special Agent with the Federal Bureau of Investigation in Oklahoma City, OK. After five years, Amy returned to Wisconsin and resumed the practice of law serving southeastern Wisconsin.
In her spare time, Amy loves to relax with her four children and two silly dogs. She and her husband travel often and love to visit National Parks. Amy also runs in obstacle and adventure races several times a year, such as the Tough Mudder and the Spartan races. She is a commercial pilot and is currently looking to buy a plane for new adventures. Amy also sits on the board of a nonprofit that focuses on raising money for breast cancer survivors and their families.
Jesse Garcia is a full-time realtor, entrepreneur, and aspiring real estate investor based in Milwaukee, Wisconsin. With over 20 years of business ownership experience, he and his wife Lisa-Marie have helped more than 450+ clients buy, sell, or invest in real estate over the past nine years. Together, they have built a nationwide real estate organization with hundreds of agents, serving markets across the country as growth leaders. Jesse is driven by a passion for investing, constantly seeking opportunities to connect with like-minded investors and entrepreneurs to grow his portfolio and expand his impact.
Make sure to bring tons of business cards as you will be meeting with people that you want to get to know!
Meeting Location:
The Deco
7140 W Greenfield Ave
West Allis, WI 53214
(Free ample parking behind the building)
Please enjoy food, drinks, and TIP YOUR SERVERS!
6:30 pm - 7:00 pm - Doors open early for Networking
7:00 pm - 8:30 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***
