Buying Apartment Buildings with No Money Down. 12 Properties in 12 Months using Other People's Money

[@InvestorMelDaveDupuis]

Thank you so much for having us on your show Darren!! 😃

[@DarrenVoros]

Any time!

[@MoementumFinance]

Thanks guys! Great episode.

[@BryanMcCann-ks9jh]

Getting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.

[@Calvertmarian]

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

[@Calvertmarian]

I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch with her?

[@Calvertmarian]

After reading your insights, I researched her full name and found her online webpage. Thanks for your help.

[@HardwoodFloorRefinishing101]

Spectacular video Darren!

[@DarrenVoros]

Thank you!

[@natureovermind7649]

Very informative!! Great information!

[@YayaLovesSweets]

Love it!

[@DarrenVoros]

Thanks Lisa!

[@ChasetotheFinish]

What do they mean by holding the second mortgage? So they got 75% from their credit union - where did the other 25% come from? Did the seller finance that for them? I’m confused a little….

[@MK-gk9ri]

Another great video. Thanks for information and knowledge! Thanks Mel, Dave and Darren!

[@DarrenVoros]

Glad you enjoyed it

[@avelinalindawan6218]

Very informative

[@MoementumFinance]

Great interview and advice! Don't listen to naysayers! Thanks for sharing your wisdom with us Mel and Dave. And Thanks Darren for another great episode. 😊

[@DarrenVoros]

Glad you enjoyed it. Mel and Dave are two of the best in the industry.

[@wstafco]

This is interesting. However, the private seller that held the second mortgage is at greater risk if the first mortgage falls through and the bank forecloses on the property. The private lender could lose their investment or most of it at this point, no? How is that mitigated during negotiations? Also, what did the bank think about this arrangement?

[@erikamorris32]

What did the bank say about this arrangement? Were they okay with the private seller carrying the second note?

[@DarrenVoros]

I believe this is sometimes disclosed to the bank and sometimes it's not. Depends on the scenario.

[@DadTuber]

Very informative Do we know how much interest we pay for as second mortgage to investors and if there’s any lending fees on top?

[@DarrenVoros]

Depends on the lender but I've seen 0 interest in some cases. Usually something comparable to a mortgage rate is the norm though. Not very often are there additional lending fees on top of that.

[@DadTuber]

@@DarrenVoros thanks for the reply! What’s the advantage for lenders to borrow us money at 0 interest? Shouldn’t there be an incentive for them to lend us the money to invest? I’m referring lenders as family, friends, close business partners… thanks for your expertise.

[@Roc900]

How much was the rent on the 6 unit???

[@jakehart60]

So private lenders and finding a seller who is looking to retire and open to the idea of seller financing

[@johnwinner8511]

Do they use a software that helps bank mortgagers unserstand the investment time frame?

[@johnwinner8511]

Real estate courses ? Legally course for finance deals? Any recommendations.? What type of returns are you paying investors 15%?

[@michaelbloxsom5570]

How do you find these properties

[@cameronhryciw2426]

Hi Darren, does Mel and Dave’s comment about the tax advantages of the seller take back financing only apply if the seller owns more than one property? Asking because if this property was the seller’s primary residence, I believe the transaction would be tax exempt. Also, great channel. Great guests and very informative content. Thanks for sharing!

[@DarrenVoros]

Great question. I think in most scenarios we would assume that a rental wouldn't be a primary residence but if it was, yes it would be tax exempt... for now :)

[@AlbertDelacruzrealtygroup]

If seller can seller finance 50%, will banks finance the rest? I was told that banks will not consider sellers money as down payment…

[@stevenanderson3386]

Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total Have a decent 18unit I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.

[@Supermandiddy1212]

I’m in the same boat as you. I’m looking to get 75% on a commercial loan from the bank and 25% from the seller in the form of seller financing. I’m trying to find a lender that will take this risk. The property will cash flow very comfortably after debt service and operating costs.

[@johnwinner8511]

Is this really risky investments until your create enough assets or savings , or down payments to finanace mutli unit dwellings ?

[@mike2959]

Can someone dummy the seller financing way down for me. Seller is asking 700K Bank wants 25% down. That’s 175K. The property is paid for. So how do I get the seller to do the 25% mortgage? I’m confused.

[@DarrenVoros]

They register a 2nd mortgage behind the bank for $175k or they give you a promissory note for the $175K. The banks don't like anyone in second position so this is not as easy as it seems.

[@hudsonthomas9105]

@@DarrenVoros would the 2nd note go to the down payment? I thought there was a 3% seller concessions rule?

[@raheemtheinvestor]

Hey @darron you mind partnering with me I bring value?

[@kmandrews_]

THE CORRECT NAME IS = ASSET BASED LENDING . See about that in : Marco Kozlowski Channel

[@cajunkarl4828]

I messed up everything