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 Appleton Meeting Always Meets on the 2nd Wednesday of the Month from 6:30 pm - 9:00 pm!
Hosts: Jason Lund & Geoff Possley
Jason is a visionary real estate entrepreneur and dedicated coach with a passion for empowering others to succeed in the real estate space. As a partner at WiscoREIA and the founder of 920 Home Buyers and 920 Property Management, Jason has cemented his reputation as a leading figure in Northeast Wisconsin's real estate community.
Since launching his career in 2010, he has transformed over 1,000+ homes through Landlording, flipping and wholesaling, showcasing his expertise in property investment. With a thriving portfolio of 200+ rental properties, Jason stands out for his strategic approach to buying, fixing, and flipping single-family homes. Through his Coaching and Mentoring Group, he provides invaluable guidance to both budding and seasoned investors on scaling their real estate ventures and mastering life's challenges.
Geoff is a part time buy and hold investor with investments in the Fox Valley and Sheboygan area. He is a full-time aircraft certification engineer for Gulfstream Aerospace in Appleton where he lives with his wife Laura and four children Carter, Madeline, Rowen and Brielle.
Geoff got started in real estate in 2005, with very little REI knowledge, when he purchased a single-family home with the plan to do a live-in flip over the next few years. After the bubble burst in 2008 his focus shifted from turning a profit to simply breaking even. This led Geoff to step away from real estate for a number of years until he discovered WiscoREIA in 2018 where he finally was able to acquire the knowledge and network that was necessary to be successful in real estate investing. His goal is to use REI as a means to retire early from engineering.
Geoff currently invests in single-family and small multi-family properties that he operates as traditional rentals as well as short term furnished rentals. In his free time Geoff enjoys camping with his family, playing golf, snowboarding, hunting, and good beer.
Make sure to bring tons of business cards as you will be meeting with people that you want to get to know!
Meeting Location:
Wilder's Cutting Edge Bistro
2639 S Oneida St
Appleton, WI 54915
Please enjoy food, drinks, and TIP YOUR SERVERS!
6:00 pm - 7:00 pm - Doors open early for Networking
7:00 pm - 9:00 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***
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