Jason welcomes Venture Alliance Mastermind member Darlene Root back to the show. Darlene has become a broker for people who want to be a hand's off or passive income investor. She describes the creative financing option known as the secondary, wrapped mortgage (it's like a wonton with a high-interest rate). Jason isn't convinced that this type of complex, lot's of involved parties mortgage is a match for his valued clients.
Key Takeaways:
[02:39] Darlene describes a Sexy Secure Second Wrap Mortgage.
[12:02] Income property investors are able to offer a wrap mortgage.
[14:31] Why Jason doesn't think second mortgages are sexy or smart.
[18:55] How this option differs from a normal wrap mortgage.
[24:07] The complexities involved with these types of deals make them more trouble than they are worth.
[28:33] Financial friends are friends with benefits plus, you can trust them.
Mentioned in This Episode:
Jason Hartman
Venture Alliance Mastermind
Contact Darlene at droot21@comcast.net
Creating Wealth Real Estate Investing with Jason Hartman