How to buy ALL of your Airbnbs without ANY MONEY AT ALL

Get $600 off your tickets to Host Con - The #1 STR conference in the world 👇🏽👇🏽
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STEP 1: Watch my case study on creative hosting 👇🏽
www.robuilt.co/creative-host
STEP 2: Download my free guides 📚
Airbnb Analysis Calculator 📈 - bit.ly/48PQgQL
My $10,000/month blueprint 💸 - bit.ly/47yiLR9
The Ultimate Airbnb Shopping List 🛒 - bit.ly/468Qcto
Top 5 Airbnb Business Models 🏘 - bit.ly/3teK2tl
My Airbnb Listing Tips ✍️ - bit.ly/48A06G5
STEP 3: Sign up to host on Airbnb and get my listing feedback
www.airbnb.com/r/robuilt
STEP 4: Join my free Airbnbesties Facebook group 👯♀️
tinyurl.com/airbnbesties
*All content on the Robuilt KZbin channel reflects my own opinions and should NOT be taken as legal advice, financial advice or investment advice. Please seek out the guidance of professionally trained and licensed individuals before making any decisions. Some links in the description may be affiliate links.

[@AndreaJeanne88]

This is A-MA-ZING! Thank you Rob for this extremely valuable info that has been presented in such an easy to understand way. My mind just exploded.

[@ericfader]

Left out some key issues: terms of loan is usually shorter and then requires either a balloon payment or refinancing. Also If the seller does not own property outright, the seller’s lender can foreclose on the seller and evict the buyer for violating the alienation clause

[@PaceMorby]

Alienation clause/Due on Sale clause... go watch my detailed explanation on my KZbin Channel. Type in Pace Morby Due on Sale.

[@PaceMorby]

kzbin.info/www/bejne/gYm4eZh3d6-sm7s

[@ericfader]

@@PaceMorby thanks watched that. What happens if the bank is not open to that scenario; is the only option to refinance?

[@kamilien1]

@@ericfader my guess is you move on?

[@ericfader]

@@kamilien1 didn't ask you

[@shumatsuopost]

Appreciate you for sharing this to your community!

[@PaceMorby]

Thank you for the love in the comments!

[@PaceMorby]

kzbin.info/www/bejne/Y3aVlHaGorKSh5I

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@tejpalkang4920]

Hi Rob great video! I have watched it five times now. This is something new for me and thanks for opening my eyes

[@DanieleGLattanzi]

Rob this is by far THE best video on Real Estate investing I have ever seen!!! No joke. Thanks for sharing.

[@jok5643]

This was amazing, thank you Rob and Pace!!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@PaceMorby]

Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@Investlyy]

What this man is doing is what I LOVE to see. He knows how to play the game like a champion. I have done this one time in Las Vegas with a large home and just submitted my short term rental application with the county today. I am subdividing my land as we speak to do a second STR!

[@Marley-ii6ls]

So the seller is still on the hook for the loan and can't get another loan until the mortgage is somehow assumed solely by the buyer? Why would a mortgage company let some unvetted stranger assume their mortgage? Please explain.

[@SuperOxygenTV]

Love this video! Great job Rob!

[@ivantejeda]

🔥 I’m with you on this Ray! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@legendindamakin5007]

I'm excited to give this a try. My dad is about to close his first sub 2 deal and it's time for me to catch up! Love to content yall keep it up!

[@ivantejeda]

Hey @Legend inda making👋 I have some videos that might help you get going on your Airbnb business journey. If you ever have any questions just lmk.

[@TailEndCustoms]

Great vid!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@kimonemeth3601]

GREAT VIDEO!!!

[@jillmandley234]

Game Changer! I love you asked all the questions running through my Underwriting mind. My head was stuck on the seller. I kept thinking "he's stuck with the debt." But it is true in conventional lending if you can prove someone else is making the payment for a minimum of 12 months it's a wash off the DTI. Me likey this! INSANE CREATIVITY!

[@PaceMorby]

Thank you Jill!!!! I was an LO for a long time and you are 100% correct!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@ivantejeda]

🔥 I’m with you on this Jill! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@devonblaine]

My two favorite guys to follow. Great humans who give a ton of useful content ✌️

[@PaceMorby]

THank you Devon!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@ivantejeda]

🔥 I’m with you on this Devon! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@albinothug]

Masterclass 🔥

[@anthony562]

Awesome informative video content here. An abundance of Gems for a newbie like myself. Robuilt is a True Rockstar 🎉🎉🎉

[@jalabi99]

The mortgage = debt The deed = ownership

[@tombradydid9114]

As long as property tax exist you'll never own a house, you're just renting.

[@elliotcrosen]

the hype was real Rob! Truly one of your BEST videos yet!!!

[@PaceMorby]

THANK YOU ELLIOT

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@greenrealtorjohnny]

Awesome video!

[@PaceMorby]

THANK YOU Johnny!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@lionheart7772]

Awesome video! cool!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@Starfish2145]

You can only take over the payments on a VA loan if it’s assumable and if you’re a veteran!

[@christobar]

Bravo Rob! These were the exact questions, literally the exact questions, that I have always asked out loud, when I see Pace talking about this. Pace thank you for sharing this info!

[@ivantejeda]

🔥 I’m with you on this @Christobar! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@Andrewdeitsch]

Pace Morby AND Robuilt?! let's gooooo

[@PaceMorby]

THANK YOU ANDREW

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@dragonhuy66]

Thanks!

[@Robuilt]

Wow! You're the best. Thank you so much, Huy!!

[@westcoastmediasolutions]

Mind blown @Rob

[@jacobtapia2845]

This is an awesome video teaching how to get into real estate.

[@ivantejeda]

🔥 I’m with you on this Jacob! This was a great video! P.S. If you have any questions about starting & growing your Airbnb business lmk.

[@emmasun7961]

Hi Robuilt/Pace, really fascinating stuff. One question, what about the due on sale clause all loan has? Wouldn't the lender call the loan when they notice there is a change in owner? do you need to get an approval from the lender first? thank you!

[@BradKaellner]

Why would a lender not have “due in full” clause with ownership change attached to the mortgage?

[@kungpao42]

Pace, what are some things you look for in a market to invest into? Are there any markets that look good to you moving into 2023? Any particular types of properties? ie, single family vs multi-family. Love the video @Rob @Pace! Thanks

[@chrisparker9672]

Do you have a source on the "remove 75% from DTI immediately with licensed servicer" claim? I can find "debts paid by others" in "B3-6-05, Monthly Debt Obligations" of the Fannie Mae Selling Guide but it doesn't mention that. A couple minutes of googling didn't reveal anything either.

[@mayankj7]

Hi Rob - Thanks for sharing this idea and connecting us to Pace. I am a real estate investor with 1 long-term and 1 short-term rental and this is a great way to expand much faster, so I appreciate you both sharing this method. Pace - I have 2 questions: 1. Does this only work when the price of the house has stayed the same or dipped? I would imagine the seller would get offers well above what they bought (in most markets) if the property has been owned for 4+ years and therefore, they wouldn't be inclined to go this route. Is that a fair assessment? 2. Do you do an inspection to ensure nothing major is wrong with the property?

[@ivantejeda]

👋 Great question Mayank. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@mikedavis6690]

Lol almost like if you come up with question it needs to be easily Answered and when you do figure out your question ….. let them know

[@jonasoatis]

Noti gang!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@jonathanmednick]

Pace, we met up a few times here in Birmingham and also last Collective Genius in Phoenix earlier this year when you presented. Always been a fan of you and Rob. QUESTION - Working on a sub-2 deal here in my market with a VA loan. Seller wants to use the VA entitlement on a future purchase. Can the seller have an existing VA loan on the Sub-2 property and also obtain a new VA loan on a new purchase? Can the seller have two concurrent VA loans?

[@MariposaSoundsFestival]

As others have mentioned, what if the buyer (the person who the deed is getting transferred to) stops making payments and the loan defaults. Does the seller's credit get affected? As a seller, I wouldn't want to rely on someone else to be making payments on a loan attached to MY credit. Rob or Pace, it would be really helpful if you could help answer this.

[@nehemiah3859]

Was waiting for this question to be asked all video..

[@PaceMorby]

​@@nehemiah3859 I have a youtube channel with about 1200 videos on it specifically focused on creative finance questions. I have a LIVE podcast every Sunday night on that channel. You will learn so much there... but the answer to your question is YES... the sellers credit would be at risk if the buyer doesnt pay the mortgage.... this is why paperwork, servicing company and other factors need to be involved in the transaction to protect the seller.

[@PaceMorby]

kzbin.info/www/bejne/gYm4eZh3d6-sm7s

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@shawnl3151]

Yes the seller is personally liable, the buyer is not. That’s why only desperate sellers will do it

[@MrMessyjesse84]

This is a great video lots of great info!I am in Canada 🇨🇦 and would like to know if the same processes can be used and what would be the canadian equivalents to "loan servicing companies" and "subject 2 loans". If any of my fellow Canuck friends have done this type of creative financing in Canada 🇨🇦 please respond to this comment 🙏 so I can be informed 😀 thanks!!!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@BobsPlumbingVideos]

When the house eventually gets paid off, any red flags pop up when the bank discovers two different parties. The deed holder and the original holders of the debt? Any concerns on the "Due on Sale" clause from ther banks? Thanks!

[@ivantejeda]

👋 Great question @BobsPlumbingVideos. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@queenbrooksie]

Big question here and not sure how you overcome this. If it is a VA loan, most loans (at least in my state) prohibit the transfer of ownership. And how would they know? Because they mandate receipt of proof of insurance every year and that new policy would not be in the name of the owner that is on the mortgage. How do you get the lender to go along with this? Especially because it is (in this example) a VA loan and you are not a vet. Edited to add, with the recording of the deed, the tax bill is also going to not be in the previous owners name any more either and a low/no down loan, the tax and insurance amounts are going to be wrapped into the mortgage payment, so no way to keep that separated so that the lender does not see the transfer of ownership.

[@daccathara]

How about rehab costs to prepare the property to get ready for rent? How do you pay for the rehab without your own money?

[@cjleongson]

@robuilt wish you could answer this

[@danielventura3469]

Mind blowing 🤯

[@PaceMorby]

THANK YOU DANIEL

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@kevinthepnw]

The only item that is of concern, is that his VA entitlement is still in that house. So it can limit him using his benefit on another VA loan. Unless he refinanced it to a conventional loan. Other than that good stuff!

[@RickyHines205subto]

Transparent the key to building a relationship with the seller your endeavors with the property. Am I correct Pace?

[@maigematthews5620]

13:12 Awesome Content! 🎉 Hey Rob, I have a handful of land properties that I’m paying owner financed promissory notes on. Please explain the strategy whereas I can convert them into Subject-To and AirBnB glamped them out? Thank you so much for sharing! ❤

[@pvsfinest]

mind blown mind blown mind blown

[@chrisgotski9837]

If you wanted to sell these houses will there be any issues? Also can you use these homes a collateral?

[@geoffl]

could you cite any proof for: - 75% of DTI coming off if you prove you pay the mortgage - remaining 25% of DTI falls off after 12 months say the guy sues you 5 years from now for the house. Doesn't he have a good claim since his name is on the mortgage?

[@CraigCastanet]

Please answer this, Rob. Why would the DTI problem "go away" (75%) immediately if the loan is being paid? And why 100% in one year? And what, exactly, must be done to make it "go away"? Please include the the mechanics with the mortgagor, the loan service company and the credit bureaus. Must the loan service company communicate in some way with the mortgagor? Is that what makes it "go away"?

[@b.l.a.c.k-shiva]

Thanks guys for the info. I just wanted to ask if you have any experience with this working on multifamily residential or commercial apartments that are rented out? I don't suppose so, right? And what is the best way of finding specifically VA loan approved properties? I know you had mentioned a site but I want sure if it gave that much detail 😅😁 Peace and Health

[@ivantejeda]

👋 Great question @Black Shiva. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@monicafriesen4052]

Wow Rob ! What a collaboration with Pace ! It’s the first time i see him and very interested on his concept ! My question for Pace it’s, can we do this in Canada ? Or/and can a Canadian do it in the USA ? Thanks so much in advance ! 😊

[@becomology]

Not sure on Canada (im sure there is a way, is just the mechanics might be different.) And a Canadian (or anyone anywhere really) can definitely do this in the USA. Matter fact, I believe Pace's best friend Jamil (also an investor) is from Canada and he started in Canada.

[@ivantejeda]

👋 Great question Monica. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@bph7160]

Am I correct this is misleading? Although you don't have to pay down payment, in your theory, you still have to pay the loan for the previous owner. Therefore, you can't get into the deal without money.

[@Scarielys]

Genuine question Rob. You can get a property with $0 out of pocket, but where do the furnishing and renovation (if anything needs fixing) funds come from? Do you get a loan to renovate and furnish then house, before listing on Airbnb?

[@floruby3608]

Um this sounds suspect! An active duty soldier could just rent that house out and use the VA loan again at his new duty station. With a VA loan for active duty you can use the VA loan twice and if you want to use it a third time you’d have to sell your other two properties. Unless that what happened and they didn’t include that information.

[@tejpalkang4920]

Hi Rob great video! I have a question what happens when the loan comes up for renewal thanks

[@ivantejeda]

👋 Great question Tejpal. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@carleenedgar]

Wow. You were funny. See you in Houston.

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@_aspenjay]

How is the seller assured that the buyer is actually going to pay off the mortgage every month? I love the list of things that Pace could do with the house - Personal closet or Start an Etsy shop! 😂

[@marcoronigootz9138]

The DTI is unaffected after 12 months but the seller still has the debt on their credit so now they owe thousands and thousands of dollars on something that they don't own, and if your company goes belly up, their credit is taking the hit and that point DTI doesn't matter. Worst in this scenario with this VA owner, now their CE doesn't have as much money available for down payment for their next home because the original amount was never paid back. Crazy concept for sure.

[@quartneypretorius4601]

Love this! Thank you, do you think living outside of the usa makes any difference? I'm based in New Zealand :) appreciate your time making this video!

[@PaceMorby]

THANK YOU!!!!!!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@ivantejeda]

👋 Great question Quartney. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@victakrum25]

Love this! I’ve been interested for a while in getting into sub to. My question is- when you find a deal and get the seller to agree, are YOU the buyer in charge of organising everything, going to the recorders office, new title, getting the debt services, etc. does the seller agent do it? Also? For deed, is a simple quit claim deed?

[@minhajghayur6437]

Same questions. Also, if you’re in charge of the above tasks, is there a service provider you can hire that would help take care of it? Also on top of that is there a contract that needs to be placed agreeing You are in charge of the payments or the loan servicing website mentioned in the video works in place of it?

[@PaceMorby]

kzbin.info/www/bejne/gYm4eZh3d6-sm7s

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@coltoncorrell2368]

Hey Victor, I'm a Subto student. We have other Subto students that have become Transaction Coordinators and handle those things for a fee. They coordinate with either a title company or closing attorney and can handle those things. I was going to learn it, but, I figured I'd just pay for it instead of watching hours and hours of video. Though I will eventually watch them, just trying to take more action and benefit other students at the same time. Its a Win - Win.

[@coltoncorrell2368]

@@minhajghayur6437 As mentioned in my other comment, you can hire a TC Transaction Coordinator, just be sure that they've dealt with creative deals before and have knowledge of your market. Yes, the details of the agreement are in a contract. Protects the seller and you.

[@EmmersonMarche]

What happens if the owner has equity In the house but you only take over the debt ..... Would they do a cash out refinance on the different only , and you take over that new loan?? 🤔

[@ryangrenz7347]

Great info! How is insurance covered in a subto?

[@ivantejeda]

👋 Great question Ryan. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@juliaburdo1898]

Amazing. The only thing I don’t understand is our you taking over the mortgage is the mortgage can be transferred to your name and why would seller believe that you’re going to make payments? Are there any legal documents that you sign to make the seller comfortable?

[@laurenashley5096]

This is amazing! I’m Canadian, does anyone have experience with this same concept in Canada? Who is the pro like Pace for Canadians?

[@77Tadams]

So this is an owner carry. There is a realtor here involved, so you have to pay commission. Sometimes you can get to the seller before the realtor is even involved though. So if a person wants to wait 12 months for the loan to fall away from them, then this is ok for seller.

[@Yuriko453]

Hi Rob, I would like to attend the seminar but I could not open the website. Can you please help me? Thank you!

[@TheRealLivingWithLisa]

But the loan.. it’s still in the sellers name. If you default, he’s screwed. Also , the seller may not be able to get a new loan.

[@jeremyeverett6186]

Isn't the title transfer against the terms of the mortgage the seller originally signed? Mortgages are not assumable.

[@rob3812]

What happens when you stop paying the payment. Who does the bank come after? You or the seller?

[@ebutuoy4315]

3:40 How much does it cost to have the title company put the property in your name? Also what happens to the seller if the new owner defaults right away on the payments? Thanks

[@elireinach4890]

Hey Pace I have a few questions. If you can cash flow the sub/to deal with a long term tenant then why doesn’t the seller want to rent it out instead of letting it go? Or do you recommend picking up a deal that cash flows with airbnb only but may be break even at best for long term? Also, where would you go to find a buyer if you were to wholesale a sub/to deal? Thanks Pace

[@richie1317]

Lmao, brah, you assume a lot in this statement. Property mgmt isn’t trivial

[@alexwilkins8159]

Isn't this just a sub 2. This strategy has been around forever.

[@ivantejeda]

👋 Great question Eli. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@GSK9B1T3]

So where do I find the contracts to do this?

[@PerfectPencil]

You service the loan, so the risk is you don't have the income to make payments. If you can afford to make payments while you set up the airbnb, or find a renter or whatnot... then you'd be in good shape. But you can't miss payments. So the risk is there, its just way simpler. Over all... i like it.

[@PaceMorby]

Isnt there a risk in buying ANY property? Regardless of creatively purchasing it? Thank you for the comment!

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@dwaine4488]

If you wanted to get the mortgage in your name after a year or so what does the process for that look like of there is one?

[@tacrewgirl]

So they answered all of the questions I had EXCEPT: * What happens if the new owner of the deed stops paying? Who's credit does that affect? Does that mess up things for the seller's DTI? * How did they go about setting up a timeframe with the realtor for the "seller's fee" for several months? This seems too good to be true that it's giving me spidey senses because it sounds like anyone with a house with not much equity and whose price didn't rise much in value (ex. owned home for 2 years or less), this would be a better option than selling outright solely because of closing costs. I'm curious for answers.

[@PaceMorby]

kzbin.info/www/bejne/Y2fNmaaIj7eGfrc

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@BAOSSGaming]

This was great! How did you get the sellers trust to be able to have them just sign over the deed to you? Was this because you had the Realtor convince them?

[@PaceMorby]

The sellers trust you based on your ability to explain the benefits, your track history, your paperwork, sometimes I even get my attorney involved to explain to them that this type of transaction has been around for 100+ years. ALSO... they teach this strategy in real estate school.

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@ivantejeda]

👋 Great question @BAOSS. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@maderaoutdoorco.hammocksne2105]

Wow, This was super Helpful Pace! Took notes the whole way down. What happens when the realtors listing expires❓ Do they have to pay a penalty or simply lose out on doing business with the seller ❓

[@becomology]

They just lose out on the business. At that point, you can go direct to the seller and both of you save on paying commissions.

[@ivantejeda]

👋 Great question @Madera Outdoor Co. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@Majsayy]

Should a homestead owner be worried about being under water if the average home owner lives in their home for 7-10 years?

[@coltoncorrell2368]

Not normally, after 7-10 years there is normally enough loan paydown and appreciation to not be underwater. As stated in the video the seller owned this home for much less time than that and had to move to a different base.

[@wadewindemuller7173]

What happens to the taxes. Do they get uncaped as it's a change of hands, or do they stay the same?

[@KyleBergren]

He's no way protected if the bank invokes due on sale clause. It may be possible banks start looking closer at these when they need to unload low interest loans off their balance sheets. Hope it all works out well but you never know.

[@tonywong6884]

Wouldn't a transfer of title trigger an acceleration of the loan?

[@patmclean1951]

Is this possible in Canada? I’m interested in this process.

[@Anonymousaaa]

Hey Guys! Thanks for the video. Questions : Couple things doesn’t make sense here: 1. What about previous payments seller did ( how possible you just take over the payments forward without to pay anything else ) 2. Why the seller will sell a good deal home and not do the rent/Airbnb himself ( if it’s good cash flow )

[@Anonymousaaa]

3. When you took over the seller payments, what about the equity of the property he paid already. Who pay him ? (if you said that you don’t put any money down ) 4. Why will the seller trust you to take over the deed and his name attached to the house loan payments. What type of protection he/she has in this case ?

[@ivantejeda]

👋 Great question @Anonymous. I’m thinking about making a video on this. Let me know if that’d be helpful. P.S. If you have any other questions about starting & growing your Airbnb business lmk.

[@nekita72]

I read about a man in his 50s that started investing in real estate and gold,then retired In 2yrs with over $6million,. That right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years

[@Jalisialuxe]

Wow!

[@Starfish2145]

RED FLAGS EVERYWHERE people. Do NOT attempt to do this yourself.

[@ducpilot848]

💯

[@cjleongson]

What about the construction? How do we finance that?

[@vevolt]

What happens if, in this case "Pace", stops making those payments for whatever reason? What are the ramifications of that for the seller, for Pace etc? Super helpful video! Getting into the actual weeds of creative financing, very beneficial subject!

[@mustangcobra1994]

This is my question exactly. If you miss a payment, is that a ding to the sellers credit or yours. And if you decide to sell it after a couple of years, does the original seller have any responsibilities or say in the sale?

[@PaceMorby]

@@mustangcobra1994 ​ I have a youtube channel with about 1200 videos on it specifically focused on creative finance questions. I have a LIVE podcast every Sunday night on that channel. You will learn so much there... but the answer to your question is YES... the sellers credit would be at risk if the buyer doesnt pay the mortgage.... this is why paperwork, servicing company and other factors need to be involved in the transaction to protect the seller.

[@PaceMorby]

kzbin.info/www/bejne/gYm4eZh3d6-sm7s

[@queenbrooksie]

Yes, the previous owners credit would take the hit. And the ramification for any property that you stop paying a mortgage on is foreclosure.

[@sscott4028]

What about refinancing later on? Would that be an option if the rates go down? If so, that would benefit the original owner cuz their loan would be paid off - right?

[@POLLYNICCHIO]

Just wonder if as foreign national we could take over the payments?

[@Cali_Girl1]

9:46 Yikes! Are you really sitting on that High-Voltage box? 😳

[@grantsparks]

For @pace : Are there any limitations or nuances if you wanted to sell a property?

[@PaceMorby]

No sir. Its MY house now. I have deed and full control.

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@dlachioma]

So what happens when, five or ten years down the road, the bank calls the mortgage?

[@flymatt1968]

Doesnt the mortgage company have to agree to allowing the deed to transfer?

[@alldopethings]

What is the Owner's protection if you stop paying the mortgage

[@anthony562]

King of Creative Finance Pace himself and Robuilt collaborating is Genius!!

[@lori5946]

So is the loan put into the buyers name or does it stay in the sellers name. I am confused the VA would allow it to go to a non VA person ? If it stays in the other person's name then if the buyer stops paying on the debt what happens. Is thus a written contract ? Many questions.

[@TerryGrantexpertaffiliate]

Is this the same in the UK?

[@Mr.T.Pierce14]

Pace love the strategy. I have the “three C’s” Cash, Credit & Credentials, how can I leverage the three C’s safely?

[@coltoncorrell2368]

Do you research and understand where your risk tolerance lie's. If you have any specific questions, I'd love to help.

[@roberthoward8108]

Pace I know you put things in place if you stop paying, but can you help seller who sold sub2 to a buyer who stop paying, but didn’t put provisions in like you do?

[@coltoncorrell2368]

I'd recommend rereading that sentence and making it a bit easier to understand. Right now its hard to tell what you're asking.

[@k.w.8496]

how is this strategy compared to buying the property at market price? say the house has a loan of 100k on it, and the market price droped to 90k, by taking over the loan you assum a 10k loss right off the start. I guess you do have the advantage of no cash down from the start. So I guess its a balancing choice?

[@TheJakeRobinson]

Hey Pace, back in the mid-'80s I took the Robert Allen - No Money Down courses - back then a VA/FHA loan was assumable - noticed you said it was an active soldier - do the loans need to be assumable, or are "Subject to" just the term you call this type of RE transaction? If it is a conventional loan, do you need to get an agreement from the mortgage company/bank? What would prevent a buyer from consummating a deal assuming the seller is game? Thanks for your feedback! 😎

[@PaceMorby]

Im not assuming the loan. Thats an old and outdated strategy. I literally keep the loan in the sellers name... no assumption done. kzbin.info/www/bejne/Y2fNmaaIj7eGfrc

[@PaceMorby]

GOING LIVE today at 3PM MST to answer all these questions in a video format. Come get the full answer that is hard to type… plus come hang out! kzbin.info/www/bejne/haaan2xrpbmNfKc

[@zayvier69]

I wouldn’t think the bank would allow the Title to be placed in someone else’s name.

[@kylestewart5766]

With this option are you able to refi cash out? Are you able to use cost segregation and depreciation on your taxes for this also? And if you sell the house how does that work?

[@becomology]

Yes, you can refi. Yes, you can depreciate, you have the deed. If you sell it would work like selling any other home.

[@jamesmaasen3573]

When putting together a subject to deal, how do you determine how much money to pay the seller for the deal?

[@becomology]

One of Pace's students here... You just have to run your numbers. Can you cashflow after paying P.I.T.I. (Principle, Interest, Taxes & Insurance). AKA if the mortgage is $1,500/mo and you can rent for $2,500 there's $1,000 you can play with negotiation-wise. But at the end of the day, everyone is looking for something different, some might buy and cashflow ZERO just bc they will get depreciation benefits plus the tenant is paying for the house so eventually it will be paid off. OR you're able to have an extra exit strategy (like Airbnb) that the seller is not aware of. So you negotiate based on regular rental and then maximize cashflow by choosing a better exit strategy.