What is a Wrap or AITD?

A Wrap or an AITD is a way to buy a property that has existing financing.

Let’s say a property is worth $100,000.

And it has a existing financing of $80,000

And the seller wants to sell for $100,000.

You offer to buy on a wrap around mortgage where he keeps that existing financing in place and you wrap around a branding mortgage called a wrap around mortgage or an all-inclusive trust deed.

You do need permission from the bank to do this.

You will get a brand new deed.

Many times you can structure the note to be advantageous to you and cash flow when you buy the property.

And there’s generally very little credit issues, I’m just negotiate a win-win deal with seller.

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