About Us



Open Door Wealth Management (ODWM)…
A Nevada Limited Liability Company

Singularly devoted to teaching and legitimatizing
the objectives of So-called “Creative,” or “Owner-Assisted”
Real Estate Acquisition, Disposition and Financing


Via the proprietary real estate transfer system known nationally as the ODWM Equity Holding Trust Transfer™ one can safely and legally achieve 100% of the fee-simple benefits of real estate ownership, without the necessity of new mortgage financing, specific credit requirements or any standard amount of down payment.

  • For example, ‘say, you need to be a homeowner in order to have the “good stuff” life has to offer some of us; and you need to avoid Renting or Leasing for obvious reasons, but are prevented from doing so due to financial or credit obstacles

  • Or perhaps you’re just tired of paying-off someone else’s investment property loan every month; with no benefit to you

  • You’d like to see Income-Tax Benefits, Principal Reduction and Appreciation every time you toss another payment down someone else’s gopher hole

  • Maybe you simply can’t qualify for a mortgage or come up with a down-payment, due to trying to recover from a bankruptcy, foreclosure or eviction…’i.e., after having had your Ego and  Self-Esteem knocked from under you (‘that no longer needs to be your plight!)

 Get to Know us, and Your Problems Are Over!

Originally founded as Resource Management Services in 1985, by Bill Gatten, a long-time former banker, real estate investor, sales trainer and seminar leader, Open Door Wealth Management, LLC is your portal to real wealth education and financial security, via a thorough re-working of all forms of so-called Creative Real Estate Financing and Acquisition, and by the elimination of the downsides and dangers so commonly associated with those kinds of transactions. 

AT ODWM, we are dedicated to teaching folks how to make money without needing to ape the efforts of the others out there with their intrepid mindsets and big bank accounts.   What our members and students learn quickly with us is how to safely and legally acquire and manage appreciating, income producing real estate with little or no money out of pocket…’even with marginal or non–existent credit…’and without needing to apply for new mortgage financing with each property, AND…’even with there being no public announcement of one’s ownership.

Free Houses and Great Income?

We do not specialize in dealing with Over-Encumbered properties; however, do carefully consider one particular example, the following singular aspect of our many-faceted real estate investment, training, coaching and partnering business

Over-Encumbered Property
(‘A Money-Maker without Competition?)

With the hundreds of thousands of over-encumbered properties out there today, assuming that you could derive unlimited income from them …‘could you simply take-over other people’s mortgage payments, and bring in a “partner” to pay them (i.e., a tenant-buyer)?  If so, this tenant-buyer (Co-Beneficiary) could cover some or all of the monthly payments for you, in exchange for all the benefits of owning a home: i.e., including, income-tax write-off, pride of ownership…’and one hundred percent (100%) of all the benefits of Fee-Simple Real Estate Ownership?  (Hint: The answer, in case you’re having trouble with the question, is “YES..for God’s sake!”   ‘Moreover, thousands of our students have done exactly that, and continue doing so every day…’because they know a secret that you’ve likely never had access to…’until now!)

Let’s say, for example, that someone you know is “just a renter” in a nice home: ‘do you think they care one way or another what their landlord owes on the property (‘should they care)?  No, of course not; but what if that same “renter” were somehow suddenly to become fully-entitled to the landlord’s income-tax write-off for the underlying (‘possibly over-encumbering) mortgage loan  (re. interest and property tax)?  Then, what if, along with pride of ownership and full expectation of eventual equity build-up via loan-principal reduction and economic appreciation over the ensuing 3, 5, 10 or 20 more years.. they could have all the income tax write-off and future appreciation?  Do you suppose that individual might be willing to pay a bit more than normal rent?  Might the owner-of-record him/herself n fact be willing to chip in on part of the monthly payment in order to get rid of a much larger and more onerous financial burden…while simultaneously saving thousands of dollars in what would otherwise be his/her negative cash-drain and mortgage obligation?

Of course he/she would! (Don’t worry, I’ll answer the questions for you)

…’but… ‘do you know how to accomplish all that, and make money doing it…’without risk? ‘Probably not.  But that’s OK because we do; and we’d be delighted and honored to teach you how we do it, and how you can do it too!]

Can you see the profit potential here?

I.e., ‘let’s say you’re an investor who recently acquired an income property with no down, no loan application or bank approval, no credit restrictions…’no maintenance costs, no real risk, and no payments!   AND…’even better…the “seller” needn’t transfer the title to you.  And neither you nor the seller need run the risk of unforeseen barriers to, say, eviction and ejectment.  This is because in the event of a EHTransfer tenant-buyer default the party can be quickly removed from the property by simple eviction, without their ability to claim having Equity in the property in order to forestall eviction and ejectment and force a long-drawn-out, expensive foreclosure process.

[‘A Beanie-Baby Eagle or a new Maserati for anyone who can beat that
(‘…note that the word “or”is the operative morpheme here…as we’re
frequently out of Maserati’s but loaded with Beanie Babies]

Well folks, ‘the above scenario is one small portion of what we do exceeding well (‘and have done for over twenty-five years now).  It’s a part of what we teach others to do and what we’ve been so successful in doing since 1984…’without a single failure, significant error  or unmet challenge: even after thousands of transactions throughout the US over all this time [‘note that this is not to say that we haven’t been named in lawsuits… ‘we have (‘scurrilous litigation is just a fact of business-life today):  ‘it’s just to say that our trust-transfer programs have consistently saved-the-day in such legal messes and served exceedingly well in protecting us and our clients…in every case.]

For Use in Selling or Acquiring, Real Estate

 ‘I.e., without the necessity of a new mortgage; ‘without a standard down-payment
and without institutionally-imposed credit requirements and restrictions


  • The Mortgaged Property Owner-Assisted Transfer of home ownership Benefits via the EHTrust Transfer™ Model:  A property owner (the Settlor Beneficiary) vests its mortgaged property in a bonded and licensed non-profit corporation, which serves as trustee for the owners’ own inter vivos, title-holding (Illinois-type, asset protection) trust.  The owner then brings a Resident Co-Beneficiary into the trust, who contracts to lease the property from the trustee via a triple-net lease agreement (i.e.,, where the rent includes taxes and insurance), which aggregate lease payments include all costs of ownership…’i.e., in exchange for the full benefit of Fee-Simple real estate ownership inclusive of income tax deduction benefits, appreciation, mortgage principal reduction, etc., ‘all without the need for standard credit or down payments requirements.
  • In this arrangement, all aggregate payments (i.e., interest, principal, taxes, insurance and any HOA) are paid to a third-party, licensed and bonded collection and disbursement service that handles all record-keeping, and is funded entirely by the Trustee without charge to the beneficiaries.  Regarding fees, however, do note that for its very real risk in holding title, dealing with (‘sometimes hostile) inquiring parties, and serving as the buffer against litigation, there is a standard (annual) trustee’s title-holding-fee of 0.05% of the property’s Mutually-Agreed-Value (MAV) at inception, ‘which fee is paid monthly to a maximum of $139 per-month and to a minimum of $39 per-month, ‘as part of the aggregate monthly lease payment).   I.e., the referenced “aggregate lease payment” includes: mortgage principal and interest; property tax; insurance; any Home Owner’s Association dues; ‘any special assessments…’and the Trustee’s Fee.
  • The Free and Clear Property EHTrust Transfer™: The same process as explained above, ‘except that the principal and interest portion of the aggregate monthly payment is paid by the collection and disbursement service to the settlor beneficiary (‘i.e., the owner-of-record) instead of payments being made to an institutional lender.  In this arrangement, a settlor beneficiary will often choose to refinance the property and pull out cash prior to creating the EHTrust™, thereupon having the Resident Beneficiary make the new loan payments along with (possibly) a positive cash-flow to the Settlor Beneficiary.

The Investor’s Multiple-Beneficiary EHTrust Transfer™ The ODWM EHTrust Transfer™ is of maximum value when a real estate investor would, with minimal or no cash outlay and minimal or no particular credit requirements, opt to acquire ownership in an income property.  In such case the owner of the real estate vests its property in the asset-protective land trust which is converted to ODWM EHTrust Transfer™ once a tenant beneficiary is appointed (i.e., yourself as an Investor Beneficiary (‘versus being a Resident Beneficiary as discussed above).

  • In this variation of the ODWM EHTrust Transfer™ the Investor Co-Beneficiary, after being given mutual power direction over the trustee and control of the property, is free to either lease the property out, sell it, refinance it in its own name, or bring in a third Co-Beneficiary (‘a Resident Co-Beneficiary) to live in the property and covering all of the property’s on-going expenses and responsibilities.
  • The trust’s respective beneficiary interests and shares of net proceeds upon termination and sale, or other disposition, can be shared in any proportional percentages that the parties would agree-to at inception.   However, most of these transactions are established so as to share future profits between parties, i.e., between the Investor Beneficiary and the Resident Beneficiary.  In other words, the parties cam agree that at termination, following retirement of all encumbrances, and following coverage of all costs of disposition, each of them will receive a full refund of any non-recurring closing costs they may have paid-in at the transaction’s inception (i.e., ‘escrow fees, title insurance, tax and hazard insurance pro-rations, Realtor® fees, ancillary charges assessed by the Investor, etc.)…and THEN share in the remaining net-proceeds in proportion to their respective percentages of beneficiary interest having been held in the trust during the contract period.

Note here that any number of beneficiaries may be named in an EHTrust Transfer™, although we suggest not exceeding nine or ten (‘relative to possible compromise of Securities and Exchange Commission regulations concerning investment offering rules)


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