<description>&lt;p&gt;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 &lt;strong style="color: inherit;"&gt;Nirvana Roof&lt;/strong&gt;, a Texas RMLO and mortgage veteran with over 25 years of experience, to unpack the intricacies of lending in the Lone Star State.&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;Nirvana reveals groundbreaking, &lt;em style="color: inherit;"&gt;just-released&lt;/em&gt; information straight from a recent audit: &lt;strong style="color: inherit;"&gt;new regulations on the "three transaction rule" for owner financing,&lt;/strong&gt; 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!&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;What we will cover in this episode:&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;strong style="color: inherit;"&gt;NEW 3-Transaction Rule:&lt;/strong&gt;&amp;nbsp;Discover the latest Texas RMLO audit findings impacting how many owner finance deals you can do before needing a full mortgage company license.&lt;/li&gt;&lt;li&gt;&lt;strong style="color: inherit;"&gt;Navigating Texas Wraps:&lt;/strong&gt;&amp;nbsp;Understand the three distinct types of owner financing and wrap-around mortgages, including subject-to and non-qualified assumptions.&lt;/li&gt;&lt;li&gt;&lt;strong style="color: inherit;"&gt;RMLO Process &amp;amp; Costs:&lt;/strong&gt;&amp;nbsp;Get a transparent look at RMLO services, from "mini" to "full compliant" packages, and how they verify borrower's ability to repay.&lt;/li&gt;&lt;li&gt;&lt;strong style="color: inherit;"&gt;Texas-Specific Regulations:&lt;/strong&gt;&amp;nbsp;Learn crucial details on interest rate limits (the 10% threshold!), mandatory escrows, high-cost mortgage disclosures, and the impact of down payments.&lt;/li&gt;&lt;li&gt;&lt;strong style="color: inherit;"&gt;Why Outsource Servicing:&lt;/strong&gt;&amp;nbsp;Understand the vital role of third-party servicers in managing your notes, ensuring compliance, and saving you massive headaches.&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;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!&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="www.NRTDServices.com" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Connect with Nirvana HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://youtube.com/live/DeZSp1AsBNc" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Watch the Original VIDEO HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="http://TalkWithScottCarson.com" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Book a Call With Scott HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="http://NoteWeekend.com" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Sign up for the next FREE One-Day Note Class HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="http://NoteUmbrella.com" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Sign up for the WCN Membership HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="http://NoteBuyingForDummies.com" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Sign up for the next Note Buying For Dummies Workshop HERE!&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Love the show?&lt;/strong&gt;&amp;nbsp;Subscribe, rate, review, and share!&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;Here’s How »&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;br&gt;&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Join the Note Closers Show community today:&lt;/strong&gt;&lt;/p&gt;&lt;ul&gt;&lt;li&gt;&lt;a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;WeCloseNotes.com&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Facebook&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Twitter&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;Scott Carson LinkedIn&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show YouTube&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Vimeo&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;The Note Closers Show Instagram&lt;/a&gt;&lt;/li&gt;&lt;li&gt;&lt;a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);"&gt;We Close Notes Pinterest&lt;/a&gt;&lt;/li&gt;&lt;/ul&gt;</description>

The Note Closers Show - The #1 Podcast for Note Investing

Scott Carson

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

DEC 11, 202561 MIN
The Note Closers Show - The #1 Podcast for Note Investing

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

DEC 11, 202561 MIN

Description

<p>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 <strong style="color: inherit;">Nirvana Roof</strong>, a Texas RMLO and mortgage veteran with over 25 years of experience, to unpack the intricacies of lending in the Lone Star State.</p><p><br></p><p>Nirvana reveals groundbreaking, <em style="color: inherit;">just-released</em> information straight from a recent audit: <strong style="color: inherit;">new regulations on the "three transaction rule" for owner financing,</strong> 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!</p><p><br></p><p>What we will cover in this episode:</p><ul><li><strong style="color: inherit;">NEW 3-Transaction Rule:</strong>&nbsp;Discover the latest Texas RMLO audit findings impacting how many owner finance deals you can do before needing a full mortgage company license.</li><li><strong style="color: inherit;">Navigating Texas Wraps:</strong>&nbsp;Understand the three distinct types of owner financing and wrap-around mortgages, including subject-to and non-qualified assumptions.</li><li><strong style="color: inherit;">RMLO Process &amp; Costs:</strong>&nbsp;Get a transparent look at RMLO services, from "mini" to "full compliant" packages, and how they verify borrower's ability to repay.</li><li><strong style="color: inherit;">Texas-Specific Regulations:</strong>&nbsp;Learn crucial details on interest rate limits (the 10% threshold!), mandatory escrows, high-cost mortgage disclosures, and the impact of down payments.</li><li><strong style="color: inherit;">Why Outsource Servicing:</strong>&nbsp;Understand the vital role of third-party servicers in managing your notes, ensuring compliance, and saving you massive headaches.</li></ul><p><br></p><p>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!</p><p><br></p><p><a href="www.NRTDServices.com" rel="noopener noreferrer" target="_blank"><strong>Connect with Nirvana HERE!</strong></a></p><p><br></p><p><a href="https://youtube.com/live/DeZSp1AsBNc" rel="noopener noreferrer" target="_blank"><strong>Watch the Original VIDEO HERE!</strong></a></p><p><br></p><p><br></p><p><a href="http://TalkWithScottCarson.com" rel="noopener noreferrer" target="_blank"><strong>Book a Call With Scott HERE!</strong></a></p><p><br></p><p><a href="http://NoteWeekend.com" rel="noopener noreferrer" target="_blank"><strong>Sign up for the next FREE One-Day Note Class HERE!</strong></a></p><p><br></p><p><a href="http://NoteUmbrella.com" rel="noopener noreferrer" target="_blank"><strong>Sign up for the WCN Membership HERE!</strong></a></p><p><br></p><p><a href="http://NoteBuyingForDummies.com" rel="noopener noreferrer" target="_blank"><strong>Sign up for the next Note Buying For Dummies Workshop HERE!</strong></a></p><p><br></p><p><strong>Love the show?</strong>&nbsp;Subscribe, rate, review, and share!</p><ul><li><a href="https://weclosenotes.com/how-to-subscribe-rate-our-podcast-5-stars-on-itunes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Here’s How »</a></li></ul><p><br></p><p><strong>Join the Note Closers Show community today:</strong></p><ul><li><a href="https://weclosenotes.com/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">WeCloseNotes.com</a></li><li><a href="https://www.facebook.com/noteshowpodcast/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Facebook</a></li><li><a href="https://twitter.com/noteshowpodcast" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Twitter</a></li><li><a href="https://www.linkedin.com/in/1scottcarson/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">Scott Carson LinkedIn</a></li><li><a href="https://www.youtube.com/watch?v=NkDyqDB6fD4&amp;list=PLRHv04Q15a0Ds_6lseLx3Pb4-Li1gLmDB" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show YouTube</a></li><li><a href="https://vimeo.com/weclosenotes" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Vimeo</a></li><li><a href="https://www.instagram.com/noteclosers/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">The Note Closers Show Instagram</a></li><li><a href="https://www.pinterest.com/1weclosenotes/" rel="noopener noreferrer" target="_blank" style="color: rgb(0, 79, 191);">We Close Notes Pinterest</a></li></ul>