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 Kenosha Meeting Always Meets on the 2nd Tuesday of the Month from 6:30 pm to 8:30 pm!
Host: Dan Yurkovich
Dan started his investing career in 2018 when he moved to Kenosha and bought his first property to “house hack” and begin building a rental portfolio. After struggling in real estate for 2 years, he eventually found WiscoREIA in 2020. Networking with other local investors at the monthly meetups, he quickly learned the potential to become financially free through real estate and dove in headfirst.
He started acquiring more rentals using the “BRRRR” method and eventually got into flips, wholesales, and creative financing. In June, 2022, Dan was able to leave his full time job as a mechanical engineer and start investing in real estate full time. He specializes in buying rentals with no money down and is always eager to learn new strategies to buy properties and help sellers in difficult situations.
Dan loves to share what he has learned with other investors and get those around him excited about the life-changing potential of real estate investing. In his free time, he enjoys traveling, trying new food, playing sports and snowboarding.
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 Tipsy Kiwi
6015 75th St
Kenosha, WI 53142
Please enjoy food, drinks, and TIP YOUR SERVERS!
6:30 pm - 7:00 pm - Doors open early for Networking
7:00 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***
