The New Rules for Owner-Financing and RMLO's in Texas with Nirvana Roof

Good morning, afternoon, and evening, real estate investors! 👋 Are you looking to master owner financing and wrap-around mortgages in the hottest real estate market? This episode is for you! We sit down with the incredible Nirvana Roof, a Texas RMLO and mortgage veteran with over 25 years of experience, to unpack the intricacies of lending in the Lone Star State.Nirvana reveals groundbreaking, just-released information straight from a recent audit: new regulations on the "three transaction rule" for owner financing, what it means for needing a mortgage company license, and how this impacts every Texas investor. Whether you're interested in traditional owner financing, true wraps, or non-qualified assumptions, Nirvana breaks down the nuances, costs, and compliance essentials. Get ready for expert insights on underwriting, creative income verification, and crucial Texas-specific rules regarding interest rates, escrows, and high-cost mortgages. This is cutting-edge information you won't hear anywhere else first!What we will cover in this episode:NEW 3-Transaction Rule: Discover the latest Texas RMLO audit findings impacting how many owner finance deals you can do before needing a full mortgage company license.Navigating Texas Wraps: Understand the three distinct types of owner financing and wrap-around mortgages, including subject-to and non-qualified assumptions.RMLO Process & Costs: Get a transparent look at RMLO services, from "mini" to "full compliant" packages, and how they verify borrower's ability to repay.Texas-Specific Regulations: Learn crucial details on interest rate limits (the 10% threshold!), mandatory escrows, high-cost mortgage disclosures, and the impact of down payments.Why Outsource Servicing: Understand the vital role of third-party servicers in managing your notes, ensuring compliance, and saving you massive headaches.Nirvana's deep expertise in both institutional and investor-focused lending makes her a "unicorn" in the industry. Don't miss this opportunity to stay compliant, maximize profits, and truly understand the landscape of owner financing in Texas. Connect with Nirvana and take your real estate investing to the next level!Connect with Nirvana HERE!Watch the Original VIDEO HERE!Connect with Scott Here!