How To Buy Your First Rental Property Even If You're Broke

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Jamel Gibbs

Jamel Gibbs

Күн бұрын

Want to know how to buy your first rental property even if you're broke right now? In this video, I'm going to share a 5 STEP process on how to buy your first rental property with very little money, and no credit needed. If you just follow the steps that I share, you'll be on your way to consistent passive income in no time. Check it out!
If you enjoyed this video and want to support me please leave a LIKE, write a comment on this video and Share it with your friends. You can also subscribe to my channel by clicking the following link:
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Timeline:
0:00 How to Buy Your First Rental Property
0:08 Introduction
3:10 Owner Financing Real Estate
5:12 Step One: Finding the Deals and Contacting Sellers
17:16 Step Two: Prescreening Sellers (What to Say?)
19:50 Step Three: Making Offers and Contracting Deals
25:27 Step Four: Finding Your Tenant Buyer
29:00 Step Five: Close the Deal and Get Paid
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Who is Jamel Gibbs?
Jamel Gibbs is a successful real estate investor and educator.
He is the owner of Mill Street Properties LLC, a successful real estate investing firm. He is also the owner of the REI Education Academy LLC, which is a successful real estate investment education firm and publishing company that teaches their clients how to build successful real estate investing businesses.
Jamel coaches and consults people all across the country in an effort to help them achieve true financial freedom through real estate investing.
If you think your business might benefit from one-on-one interaction with Jamel and his team, visit reieducationacademy.com
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#howtobuyyourfirstrentalproperty #realestateinvesting #jamelgibbs

Пікірлер: 3 600
@jamelgibbs
@jamelgibbs 3 жыл бұрын
↓ Click the link below to become a subscriber ↓ kzbin.info Also, share and leave a comment below.
@neslymerat
@neslymerat Жыл бұрын
Thanks brother this is mind blowing 🤯 that your given this away for free, I paid for courses that didn't even come close to what you just teach me
@resianemaculate.
@resianemaculate. Жыл бұрын
@Jamel Gibbs, can I please work with you?
@soldbuydaniel
@soldbuydaniel Жыл бұрын
I want to chat with you bro.
@fountainmedia4683
@fountainmedia4683 Жыл бұрын
#JamelGibbs you ROCK bro! 👍🏽
@andrewmorales5485
@andrewmorales5485 Жыл бұрын
People always believe you need hundreds of thousands of rentals to make real money 🤑💰 I think you only need 80 maybe 120 rentals make a very good profit of of $46k or $69k a month but if it is Plex properties like three plex rental properties or four plex rental properties you could make $138k a month or $184k a month that is what some one who being dealing with Plex properties once said so if I go to realestate rental properties Plex properties are the way to go
@aintcookin
@aintcookin Жыл бұрын
I work in real estate as a lender. I have listened to a lot of videos and NEVER wanted to finish because it was filled with half truths. This dude is really speaking truth. He is telling what others do not want others to know. He is sharing info that takes years to learn and lots of trial and error if there is no mentor. Keep up the good work sir!
@CPR4THEBODYlivingaenrichedlife
@CPR4THEBODYlivingaenrichedlife Жыл бұрын
Thank u for confirming this I had this saved to watch and went straight to the comments.
@jackiechun_4205
@jackiechun_4205 Жыл бұрын
I was looking at a property that is being sold by owner and owners says that he likes the community and how it's a gated community for seniors and the community requires application for residency. Does that mean a senior must buy/rent the property?
@joelgodlove6449
@joelgodlove6449 Жыл бұрын
Word up!!!
@indigomelendez5903
@indigomelendez5903 Жыл бұрын
Thank you for your input, very meaningful.. loving what I'm learning
@rasheenanicole2784
@rasheenanicole2784 Жыл бұрын
Please someone answer this. I've been wondering the same thing. Do you have to be 55+ to purchase a rental property(under an LLC) within a senior community if you are not a senior?
@Twaice
@Twaice 3 жыл бұрын
Brother I almost cried because I’m so thankful for the knowledge you have shared in this video. For 1. You DIDN’T have to and 2. You will potentially change lives for the better. This is much appreciated!
@jamelgibbs
@jamelgibbs 3 жыл бұрын
I appreciate that
@sammysau4541
@sammysau4541 2 жыл бұрын
@@jamelgibbs I've been binge watching your videos all day I just came across your video I want to learn and start doing real estate thank you for your knowledge
@gogurletc8170
@gogurletc8170 2 жыл бұрын
I felt that!!!!
@gogurletc8170
@gogurletc8170 2 жыл бұрын
@@sammysau4541 Go for it! Keep us posted 💞💕💓🙏🏿
@Product_snob
@Product_snob 2 жыл бұрын
IM ON MY WAY
@brianm7402
@brianm7402 9 ай бұрын
My wife and I are rental property owners. This is an approach I haven't thought of before. Thank you for sharing this information. For anyone looking to get your first rental property but don't think the bank will help, this is absolute gold. Don't let fear hold you back. Apply this information given here and your life will change. Guaranteed.
@jamelgibbs
@jamelgibbs 9 ай бұрын
🙏🏾
@dewainwilliams9388
@dewainwilliams9388 7 ай бұрын
Hi my name is Dewain and I’m limited on money so this video seems informative do you have any advice for a beginner?
@kaybabii385
@kaybabii385 6 ай бұрын
Motivation and growth ✨️ thank you
@williambey799
@williambey799 4 ай бұрын
@@jamelgibbs hey brother I have 8 k can you help me , I’m about to loose everything
@jax-flseminoles7980
@jax-flseminoles7980 3 ай бұрын
Thank u for YOUR info.
@beatrixbrennan1545
@beatrixbrennan1545 2 ай бұрын
You're one of if not the only person claiming to teach the viewer something and actually explaining it in a detailed and concise manner. You truly have useful and applicable info. Thank you a thousand times!
@justvibing2497
@justvibing2497 16 күн бұрын
Did you do it though? Cuz it's more than what his saying to do
@eliyaneli8741
@eliyaneli8741 Жыл бұрын
I’m a single mother living paycheck to paycheck and I needed this
@jamelgibbs
@jamelgibbs Жыл бұрын
💪🏾💪🏾
@JayyWoodMusix
@JayyWoodMusix Жыл бұрын
You might be the only person on KZbin that break it down like this , I appreciate you
@infowazz
@infowazz 11 ай бұрын
I think the hardest part is getting started and getting your first property. Then after that you do it again and again.
@jamelgibbs
@jamelgibbs 11 ай бұрын
Yup
@perfectlyimperfect1980
@perfectlyimperfect1980 Жыл бұрын
I am literally broke, struggling, and taking care children on my own feeling like I have no way out. I just wanna thank you for this information. This is the start of something amazing for me and my children.
@RubenA.
@RubenA. Жыл бұрын
How are you doing?
@4XGOTSTICKS
@4XGOTSTICKS Жыл бұрын
Your journey has started. Keep us updated and best of luck to you. You can do it!
@T-WOO
@T-WOO Жыл бұрын
Feel u! That's been me for the past two decades! Kno EXACTLY where u are & where you're coming from. Wish both of us + everyone else on that road the best! Too many like us! U are NOT alone! Stay strong, stay hopeful..
@perfectlyimperfect1980
@perfectlyimperfect1980 Жыл бұрын
@@RubenA. I’m good, trying to stay strong…taking one day at a time. Thank you for asking. I hope you and your family are happy and well
@perfectlyimperfect1980
@perfectlyimperfect1980 Жыл бұрын
@@4XGOTSTICKS Thank you so much. I felt like I could do it but when I tried I didn’t know where to start. Living in NY, things are different…laws are different. I don’t know how to begin
@haccoon5458
@haccoon5458 Жыл бұрын
So you’re a middle from the seller and the buyer? Except they don’t know that? Sounds deceptive. How is it not? What happens if you don’t find a buyer to commit to your terms? You just extend the closing date for the original seller until you do? Back out of the deal if you can’t? I just have so many more questions
@pip3dupciso717
@pip3dupciso717 3 ай бұрын
What i was thinking... better make more than 50k profit for all that work
@blackstarblues9055
@blackstarblues9055 10 ай бұрын
You make it sound so easy. I find it hard to believe that sellers are really willing to accept this kind of deal.
@CosmicStar480
@CosmicStar480 9 ай бұрын
Yeah, sounds confusing to me. Couldn't the owner just decide to Rent to Own without the middleman??
@elijahmendoza7967
@elijahmendoza7967 9 ай бұрын
Sellers might opt for owner financing to expedite the closing process and collect interest rather than taking a lump sum payment
@airyowo
@airyowo 9 ай бұрын
It doesn’t make much sense to me either. Seems to me that if a home owner wants monthly payments + interest, they would just find someone to rent-to-own the house. They don’t need a middle man
@8.0.70
@8.0.70 9 ай бұрын
Right. This video is low key click bait. Probably made more money from this video than any of the offers in this video.
@b-radfrommalibu
@b-radfrommalibu 8 ай бұрын
Exactly if the owner wanted to do something like that I'm sure they would have already done that without the middle man. I am pretty sure that when someone sells a property they want the money for it right then and there. I definitely would. That way I could purchase another property outright without financing.
@patrickdolan.
@patrickdolan. 9 ай бұрын
Most states have a clause in the contract for deed that states you can't rent it out. Also most contracts state you must up keep the property and make the repairs or the contract can be canceled. I lost a contract for deed I had 2 years left on after 7 years because the roof needed shingles and I couldn't afford it. I lost 70k I had paid off on it. She sold it 6 months later for 100k and got to keep all money I had paid. Plus most mortgage companies won't allow owner to contract for deed it out
@jamelgibbs
@jamelgibbs 9 ай бұрын
Appreciate the comment. This isn’t a contract for deed. It’s straight seller financing. There aren’t any restrictions with renting houses once you own it. Never heard of that before. Also, with seller financing the mortgage companies aren’t involved. These are free and clear properties.
@1Mishieboo
@1Mishieboo 3 жыл бұрын
Saw this video by accident. I was watching Noelle Randall's video and you came on. I must say, although she has great content, your ability to walk step by step with visual content was so impressive and appreciated. Some of these channels want hundreds of dollars for the information you gave. What a blessing to have bumped into this presentation. Thanks a million 🙏🏽
@jamelgibbs
@jamelgibbs 3 жыл бұрын
🙏🏾🙏🏾🙏🏾
@timsmith1033
@timsmith1033 2 жыл бұрын
Noelle is also how I discovered jamel. His content is 🔥🔥🔥 Noelle and jamel have given me the belief that I can create a better way for my family
@iamthatiam9936
@iamthatiam9936 Жыл бұрын
nothing is by accident
@iamthatiam9936
@iamthatiam9936 Жыл бұрын
stop bashing creators for charging for knowledge to help you make thousands of dollars...don't you make money smh
@diamondgodisis5367
@diamondgodisis5367 Жыл бұрын
@@iamthatiam9936 well I think the issue with that is, for beginners, you're not able to make an informed decision if the info being provided isn't clear to the person taking it in. So if they are going to put out info with the premise of gaining clientele....the info they offer for free should be clear and concise so people know what they're getting. I don't think anybody expects the knowledge and know how for free....they just want to understand what's being offered and how they'll benefit from it prior to making the investment.
@NoLyinEvry1sDyin
@NoLyinEvry1sDyin Жыл бұрын
Thank you for explaining this so clearly and concisely. I've literally wondered for 30 years how you buy a house with no money and in 30 minutes you gave me the game plan that could change my life
@polandsgarden
@polandsgarden Жыл бұрын
You are a complete fool then if you Have been wondering for 30 years and all it took was 30 minutes to fix.
@rachelsantos-vy4iv
@rachelsantos-vy4iv Жыл бұрын
Can you teach me
@Theundisputedtruth
@Theundisputedtruth Жыл бұрын
They say if you can't break something down I. A short time you don't know what your talking about
@BlueBynum-bd4cc
@BlueBynum-bd4cc Жыл бұрын
Thanks
@mikewill1740
@mikewill1740 Жыл бұрын
He gave the game but this is game and mouth play.
@cashiodrive1
@cashiodrive1 11 ай бұрын
Inherent risks using this strategy: Seller Defaults: If the seller defaults on their original mortgage (assuming the property isn't owned outright), the lender could foreclose on the property. You and your tenant-buyer could lose all rights to the property, regardless of any payments made. Jamel was clear on finding a seller without an existing mortgage. Tenant-buyer Defaults: If your tenant-buyer fails to make their payments, you're still responsible for the payments to the original seller. This could lead to financial distress, especially if it takes a long time to find a new tenant-buyer. Difficulty in Finding Tenant-Buyers: While the idea of a rent-to-own agreement is appealing to many, it might be challenging to find the right tenant-buyer-one with sufficient upfront money and a high likelihood of being able to secure a mortgage at the end of the rental period. Maintenance and Repair Costs: Even though you sell the property "as is", if significant issues arise, you could still be legally responsible for some repairs, especially if they affect habitability. Be sure to fully understand your obligations as the legal property owner. Legal and Regulatory Risks: Real estate transactions can be complex, and they often involve significant legal and regulatory oversight. Failure to correctly navigate these can lead to serious legal and financial consequences. Market Risks: Real estate markets can fluctuate based on a variety of factors including economic conditions, interest rates, and local market trends. If the value of the property significantly decreases, the tenant-buyer might decide not to execute their purchase option, leaving you with a property worth less than when you acquired it. Interest Rate Risk: If your agreement with the original seller is not a fixed-rate deal, and it's tied to a variable interest rate, you may end up paying more than expected if interest rates rise significantly during your agreement period.
@jamelgibbs
@jamelgibbs 11 ай бұрын
Great input. Thanks for adding value. There are risks in everything business related and I'm glad you've taken the time to share some of them.
@onway78
@onway78 6 ай бұрын
I'm not going to lie I listen to a lot of other people but listen to this guy I understood every words for words as if I came up with it..
@batisteladonna2375
@batisteladonna2375 Жыл бұрын
You dropped the sauce. I know this works because no money down owner finance has been around forever. I love how you drop the gems step by step no fluff, no sales pitch. May the universe continue to bless you and your family.
@AskGriff1
@AskGriff1 Жыл бұрын
Dude knows his craft. I must say that you have to get out there and grind though. Because not every seller is going to do a 5-10yr deal like that. Great strategy for sellers that are stuck. It’s a bit tough in a sellers market. Lots of phone calls and stay persistent 👍🏾.
@shaqsmith6562
@shaqsmith6562 Жыл бұрын
good teaching ....the only issue is if the buyer stops making payments ,then you either have to find another buyer or make the payments yourself ... I'd also suggest using a title company to do the deal just to cover your butt in case the seller does not actually own the property
@nataliegilbert7412
@nataliegilbert7412 Жыл бұрын
Will the title loan company, also protect you, if there are also previous liens on the property?
@lascrucesnm4117
@lascrucesnm4117 Жыл бұрын
I am married to a very shrewd man! I am tired of him complaining because he is the breadwinner and earns more . I hope I can accomplish this by learning from you! Thank you, YD.
@teenuhadams
@teenuhadams 2 ай бұрын
I pray that you are able to take these steps
@tammywalkeronthewhitecarpe5923
@tammywalkeronthewhitecarpe5923 Жыл бұрын
Thank you because I’m ready to get this thing going. At first I felt lil overwhelmed but thanks to your videos.🙏🏽
@JCcrew4eva
@JCcrew4eva Жыл бұрын
My mind is genuinely blown. It's tax season and I'm behind on bills. This could not have come at a better time. This man is an absolute treasure sharing this info for free. I can't wait to watch more of his videos. This was an easy subscribe. Well done, sir.
@relley9798
@relley9798 Жыл бұрын
How did it go? I’m interested and want to see if others found it possible
@davinarobertson47
@davinarobertson47 Жыл бұрын
@@relley9798 she became even more broke after joining his course
@TrevorThoma
@TrevorThoma 11 ай бұрын
@@relley9798 Got a withdrawal today 🍾 to me
@littywithcrissyvee4177
@littywithcrissyvee4177 Жыл бұрын
This sounds so goood!!! Scared to get off doing a property, but you’re steps and process is such a huge help for assurance!!! I appreciate this. 🙏🏼 really will be binge watching all your tips to help get on it 😊
@theresajordan898
@theresajordan898 Жыл бұрын
Very informative! Clear and concise! 🥰👍🏾
@verbalu
@verbalu Жыл бұрын
Straight to the point video with no tricks… great insight and knowledge
@crownchrist
@crownchrist Жыл бұрын
Solid content no nonsense , no fluff , just actionable steps 🥂
@Dancing_Alone_wRentals
@Dancing_Alone_wRentals Жыл бұрын
"actionable steps". I like the way you put that. tHanks
@KenNai
@KenNai Жыл бұрын
What would be the method to renovate in this process in the most cost effective way, not out of pocket, while making agreement with seller and before buyer moves in and also best method to get that money back?
@showingtampabay
@showingtampabay Жыл бұрын
Very well taught and received. Thank you so much! I've been in the r.e. industry over 30 years but just now learning creative ways to invest. Just subscribed to your channel and looking forward to learning more. Great content! ❤️
@deborahmartinez2147
@deborahmartinez2147 4 ай бұрын
Hi Jamel. I know you're probably tired of hearing this but thank you for this practical simple and easy to understand video which makes it for people like myself less shy and more confident in giving real estate another shot. I appreciate the real world examples you apply to what you're talking about which often many "gurus" don't do and leaving us in the dark so to speak with the concepts. So thank you😊
@tamarabyrd8113
@tamarabyrd8113 Жыл бұрын
This is a very informative, simple & well versed video. I love the fact that you gave FREE knowledge my Black King!!! Kudos to you & your family Peace & Blessings😊
@evaodhiambo3203
@evaodhiambo3203 Жыл бұрын
Great content. Great explanation. Great strategy. Easy to follow. Doable. Thank you!
@arobinson7258
@arobinson7258 Жыл бұрын
Love this video! It was straight to the point and clear to understand. I'm wanting to get into REI and this Definitely made me feel like i can make the leap and do it!
@katrinakelly4152
@katrinakelly4152 Жыл бұрын
You are in your Purpose, Jamel. Thank you so much for your work.
@user-ni7xu8vg8y
@user-ni7xu8vg8y Жыл бұрын
Finally someone to explain how this is actually done without having to listen to long drawn out video's and joining group sessions! Great job thank you!
@nitenitenurse713
@nitenitenurse713 Жыл бұрын
You are a great teacher and share golden nuggets! Just happened to see this video and you broke down everything in such easy to understand steps. Thank you! Newly subscribed! ❤️
@pauljordan3516
@pauljordan3516 Жыл бұрын
GREAT VIDEO! VERY INFORMATIVE ,STRAIGHT FORWARD , AND SIMPLY EXPLAINED. KEEP UP THE GOOD WORK!
@venessatoussaint41
@venessatoussaint41 Жыл бұрын
Thank you Mr. Gibbs for the info,everyone that explain how real estate works make it so difficult to understand. I always wanted to do real estate but I never really grasp the information properly. The way you explained it make it so easy to do thank you so much may God continue to bless you and your family.
@shuntibrown5533
@shuntibrown5533 10 ай бұрын
I just came across this video. It sounds so easy and I appreciate you for doing this. I wish I could afford to get one on one training from you. I am going to try to follow your video and see how it pans out for me. Thank you for doing this and being transparent.
@freelancer276
@freelancer276 10 ай бұрын
Let us know of updates here!
@multiversechronicles6749
@multiversechronicles6749 Жыл бұрын
Thank you so much for sharing this information! I've never owned a home or had any rentals, but I always knew there had to be a way I could start a rental business without having a lot of capital, and you have confirmed this for me, thank you so much💯
@ndeekillings5539
@ndeekillings5539 Жыл бұрын
Man! It is so refreshing to see you share such valuable & understandable information for FREE! ❤
@kirubeldejene7275
@kirubeldejene7275 Жыл бұрын
Amazing!! I saw this video after two years. I immediately subscribed it to follow you! You're absolutely honest providing such information for free to everyone! Thank you 🙏
@jamelgibbs
@jamelgibbs 11 ай бұрын
🙏🏾
@melindaseverance5102
@melindaseverance5102 4 ай бұрын
From the vocabulary to the scripting to the raw data you have provided here. Absolutely top notch work, thank you
@sandrawithoutborders5631
@sandrawithoutborders5631 Жыл бұрын
You’re such a great teacher. You made it less intimidating and very easy to understand. Thank you so much.
@jamelgibbs
@jamelgibbs Жыл бұрын
🙏🏾
@fitclubfitnesstv
@fitclubfitnesstv Жыл бұрын
Thank you for sharing your information was extremely simple and informative.
@darksecretsandtipsoftrucki1230
@darksecretsandtipsoftrucki1230 Жыл бұрын
@@jamelgibbs I've met so many people who rent and get their place trashed into very costly repairs. Or tenants miss rent and don't leave
@debbiesnyder7824
@debbiesnyder7824 Жыл бұрын
@xenianyovane5234
@xenianyovane5234 Жыл бұрын
This was so educational...I have always wondered about getting into real estate with no cash...you have outdone your self thankyou God bless your heart 💜....now I'm in South Africa and I'm trying to use Zillow unfortunately it does not work for us...do you know which site can I use that's similar for my country....I'm also searching. I see the video is 2years old..but I think is very relavant..thanks again🙏
@jalabi99
@jalabi99 3 жыл бұрын
25:01 I usually say "paperwork" instead of "contract" so "OK Mr. Seller I'm going to send the paperwork for you to go over and approve and send back to me"
@lionlove35
@lionlove35 10 ай бұрын
I really hope when you wake up every morning....you know you are an angel...I am going thru a divorce with a petty husband and now my happiness just hit the roof with this information....I am on my way to pure wealth...I know me😊, thank you so much for sharing ❣️
@drahmaonthabeat3065
@drahmaonthabeat3065 8 ай бұрын
Loved this video so many 💎💎 alot of great info. I feel like every other video I watch ppl only give 90% of the info and leave out the most important 10% but I feel like you spit nothing but straight facts and put it all out there. Thank you very much I am definitely going to study your channel and apply this process! 🙏🏽💪🏽✊🏽💯
@elizabethmontorello6186
@elizabethmontorello6186 Жыл бұрын
Thank you so much for being SO real! Omg I love your information and how you break it down in an easy to use process! Please never change you are truly helping people become something successful and we can all use your knowledge and truthful information! No fluff, no huge promises of getting rich scams, no purchases of this and that! You’re amazing! Bless to you and your family! ❤
@javiergrant70
@javiergrant70 Жыл бұрын
Great video, Jamel. I think I learned more after watching this video just once, than what I have learned since I first became interested in RE investments (many years ago!) You gave a lot of details - so much that I feel confident that I’ll be able to make it work. Thanks for the video.👍🏾
@thebookofheiressjacqueline
@thebookofheiressjacqueline 11 ай бұрын
Thank you so much for this very valuable information. You made it so simple, you kept it believable, and I feel that I can do this. Of course, I am a little afraid of failing, and being stuck with a note, but I would sincerely believe this can work. I’m going to give it a try. Again, thank you so much.
@denniswebster9562
@denniswebster9562 6 ай бұрын
Now this is exactly what I been needing to hear. New subscriber. Definitely have to watch more of your videos.
@miamacavage3406
@miamacavage3406 Жыл бұрын
I'm currently 18 and working on getting my real estate license. I've been interested in buying a property to rent out. This video is extremely helpful with understanding how the process works! I really appreciate it. I've watched so many videos over the past few months and this one is by far my favorite.
@Jnell314
@Jnell314 Жыл бұрын
This was good Jewels and Gems he drop out of all the other you tubers videos this one gets an trophy for his excellent on this. Now I'm fixing to take off and run with this one
@whatta7793
@whatta7793 Жыл бұрын
Go ahead and start building your credit ASAP, if you haven't already. Get a credit card, and use less than 9% of it's utilization monthly, and pay it in full monthly. You'll be glad you did. I didn't start my credit until 22, and I wish I had started at 18. I'm now 28 so it's not that major of a factor anymore, but those extra 4 years of credit history would have still been nice even today.
@michael49022
@michael49022 Жыл бұрын
I no longer have my real estate license but when I did I was able to by rental homes by watching the mutilple listing system for expired listings and then calling the home owner and approaching them in a way similar to what the guy James in the video just explained. If the home owner wasnt interested I would then try to relist the property at a reduced price. Once the property was relisted under me and a reasonable time had passed I could then make an offer on the home myself and use the commission owed me from the seller as my down payment. Also while I was a realtor I'd keep my ears open for other realtors wanting to unload their rental propertys. Some times a retiring realtor would prefer a land contract or some thing similar over receiving all the cash at once so they could avoid the taxes.
@sliceofyourlyfe5794
@sliceofyourlyfe5794 Жыл бұрын
​@michael49022 but who pays the taxes and insurance for the home when using this method,
@josuesevilla5356
@josuesevilla5356 Жыл бұрын
@@sliceofyourlyfe5794 it just depends on how its negotiated, look up gross lease and net lease
@Eccentricvoice77
@Eccentricvoice77 Жыл бұрын
This video came up by chance while scrolling on KZbin. I have wanted to get involved in real estate for many years, and 2023 is going to be that year! You have a new subscriber, I look forward to using your detailed step by step processes! Thank you!
@sheilagiles1093
@sheilagiles1093 Жыл бұрын
I just came across your 1st video. I got hurt at work and have a concussion and was bored and I'm so glad I was. I've been wanting to learn this. I'm going to look at the rest when I'm better, and implement this.
@user-rg6xt3dw8g
@user-rg6xt3dw8g 23 күн бұрын
You have to make sure the rental house has insurance on it and money for repairs it does matter what condition the house is in it has to pass a renters inspection
@sayiangod9404
@sayiangod9404 Жыл бұрын
Ram into this video by accident but stayed because you were so well spoken and right on the spot. Thank you for the knowledge and hoping to learn more
@janetcontreras3311
@janetcontreras3311 Жыл бұрын
I’m so grateful that your video was on my feed whoever doesn’t click on your video is missing out on a learning opportunity. I’ve been interested In real estate and wasn’t sure where to start but this video helped so much it was very straightforward, thank you for using your platform to share your knowledge with others.
@user-mb3vc5ve2w
@user-mb3vc5ve2w 6 ай бұрын
Excellent video. Great information for what I always thought of doing & just needed to know how to execute the plan with little money down. You are brilliant. Thank you!
@csillamcelrath3708
@csillamcelrath3708 3 ай бұрын
Wow! Clear and full step by step guied. Thank you for your time and knowledge, Sir. 👏
@jermariotate607
@jermariotate607 Жыл бұрын
Man I haven’t even finished watching the full video and I already subscribed to your channel. I’m glad I came across your channel…I’m highly looking into getting in the real estate field.
@jalabi99
@jalabi99 3 жыл бұрын
18:25 I usually ask "you own it free and clear, right?" and if they say "no" then I ask "do you have any idea how much is left on the mortgage? I just need a ballpark figure, not down to the last penny or anything" I give a chuckle at that last part so they don't get defensive.
@DanielMorales-vn4uh
@DanielMorales-vn4uh 3 ай бұрын
Great video ! Super simplified! 👍🏽👍🏽
@hollyday4871
@hollyday4871 9 ай бұрын
Continue to inform with conciseness. Thank you!
@jenniferortal6120
@jenniferortal6120 Жыл бұрын
You’re the first person who has broken this process down thoroughly! Im so grateful! Thank you!
@kaylyncollier8850
@kaylyncollier8850 Жыл бұрын
Wholesaling is really wearing me out and I am so grateful that you posted the exact steps on how to do this instead of giving the run around thank you
@user-yz8ob5cz4e
@user-yz8ob5cz4e Жыл бұрын
Amazing video! Very educational and a real eye opener thank you for this knowledge!
@mariac2472
@mariac2472 8 ай бұрын
Thank you so much for this education. You simplified it so much! I’m subscribed 😊
@latashalowman8356
@latashalowman8356 Жыл бұрын
This is a very impressive video. I like the way you explained the step by step approach and was very detailed 👌
@laylaf5694
@laylaf5694 3 жыл бұрын
Awesome content! It is clear that you know your stuff inside and out. I can’t thank you enough for sharing.
@jamelgibbs
@jamelgibbs 3 жыл бұрын
🙏🏾🙏🏾🙏🏾
@ladyt7134
@ladyt7134 9 ай бұрын
Thank you for making this so easy to understand!!!
@nadegetoussaint9718
@nadegetoussaint9718 3 ай бұрын
Thank you for breaking it in a way I can understand. I am so grateful that it makes me cry.
@smittydqueen
@smittydqueen Жыл бұрын
Peace Bro ... Sooooo grateful for the info you've provided in this video!! I'm going to watch it again and again & apply these steps so I WILL OBTAIN (not pay for) MY 1st rental property!! THANK YOU!! God bless you and your family and your future endeavors 🙏🏽☝🏽🙌🏾
@thebezierguy
@thebezierguy Жыл бұрын
How did it go?
@SamE3100
@SamE3100 Жыл бұрын
Did you make it happen
@upendomweusi
@upendomweusi 2 жыл бұрын
Continued.... I discovered you on Noelle's Channel and although this is the first of your videos that I've watched, I'll be watching more , educating myself and taking action! Thank you!
@Mark-kf1jy
@Mark-kf1jy Жыл бұрын
My man, great info. Keep it up.
@gamersgarage3638
@gamersgarage3638 8 ай бұрын
Love how u explain everything in detail
@DavidMccallister65
@DavidMccallister65 Жыл бұрын
This is manipulation game 101 lol The properties and sellers that are willing to make this type of deal and allow subletting seems extremely hard to find and then to find a buyer that's capable of buying the home from you in 5 years with a balloon payment at the end seems very hard to find also. If the person is looking for a rent to own deal then they probably have bad credit and little money on hand. So how are they gonna come up with the balloon payment at the end? And what do you do if they can't? I'm guessing look for another tenant. But while you're doing a rent to own, you're a landlord and how are you not going to have to pay for repairs as they're needed like septic, electrical or HVAC repairs? And who's paying the property taxes during all this?
@jamelgibbs
@jamelgibbs Жыл бұрын
I appreciate your comment, but there’s nothing manipulative about it. Here’s a pros and cons video to help You understand the benefits better: The Truth About Seller Financing Real Estate (What You Need to Know) kzbin.info/www/bejne/np6bnKeblpuentU
@DavidMccallister65
@DavidMccallister65 Жыл бұрын
@@jamelgibbs using certain words and not using other words to get people to sign contracts is manipulation by definition though
@jamelgibbs
@jamelgibbs Жыл бұрын
I respectfully disagree. Its called persuasion, not manipulation. Here are the definitions: (From Google) Persuade: to prevail on (a person) to do something, as by advising or urging; to induce to believe by appealing to reason or understanding; convince. Manipulate: to manage or influence skillfully, especially in an unfair manner; to adapt or change (accounts, figures, etc.) to suit one's purpose or advantage. Nothing we are doing is hidden or below board. Everything is legitimate and benefits both us and the seller. Nothing is unfair. And like any sales person that needs to explain things in a clear manner, we are persuading the seller of a property to take action if they choose too. Hope that helps!
@ivanaldana9828
@ivanaldana9828 2 жыл бұрын
This is exactly what I needed thank you!🙌🏼
@jamelgibbs
@jamelgibbs 2 жыл бұрын
Glad it was helpful.
@HipHopMovieNews
@HipHopMovieNews Жыл бұрын
This was a master class in real estate investing. Bravo.
@TMK561
@TMK561 Жыл бұрын
I saw this in my recommended. As single father struggling with a lot, this video could definitely make me look into doing this, on top of possibly getting my own place and getting more money without having to pick up another job
@jamelgibbs
@jamelgibbs Жыл бұрын
Glad it was helpful.
@gqbme2
@gqbme2 Жыл бұрын
I’m in the same boat. I’m looking for a house and I’m even interested in leasing to own. I’m try this for a few months and if I can’t make it shake I’m use my credit and get a loan from a bank
@Kahli155
@Kahli155 2 жыл бұрын
Very informative and this video provided clarity on this topic. Thanks for another great video! Keep em coming 🙂
@jamelgibbs
@jamelgibbs 2 жыл бұрын
Glad it was helpful!
@mzdnice5596
@mzdnice5596 Ай бұрын
I came across your channel by happenstance in my feed. This was very informative! Thanks for sharing! I'm inspired ❤
@crazynccohens5318
@crazynccohens5318 Жыл бұрын
This is a great video. You were super thorough!
@amen2249
@amen2249 Жыл бұрын
Great motivation....only thing that changes in real estate is market values and property conditions.....the strategies are the same.....just depends on your approach....your level of hustle...how dedicated you are to your goals
@ladybiz6682
@ladybiz6682 3 жыл бұрын
In my state, properties over three units is considered a commercial residential. Your video was very helpful. 💯
@mschermerhorn5576
@mschermerhorn5576 11 ай бұрын
Mister, your explanation of the process is outstanding. Thank you for this info!
@ejohnsonw
@ejohnsonw Жыл бұрын
This is the first video of yours that I have seen. I do not know why it was recommended to me, but I have liked and subscribed to your channel and look forward to watching more of your videos. Thank you for sharing.
@thelyricistful
@thelyricistful Жыл бұрын
Great content with clear and concise delivery. I finally understand where to begin and how to connect with my target properties. I will continue to follow you and share this channel. TY!
@jamelgibbs
@jamelgibbs Жыл бұрын
💪🏾💪🏾
@sinicarising
@sinicarising Жыл бұрын
Fantastic. My daughter and I have been wanting to purchase a rental property. And I accidentally ran into your video on KZbin and cannot believe what I’ve learned. It’ll take me a couple of times watching this video & I sent it to my daughter immediately. I know we’re both going to talk about you amazing 5 step process and we’re going to get the ball rolling. God bless you for giving this information so freely! I have a tingling of hope now that it is possible to own a rental property and do it with little or no money down… WOW… priceless Thank you so very much!
@imwrongbutlisten
@imwrongbutlisten Жыл бұрын
Owner financing deals usually want big down payment 20%-50%.also should have higher rate.Your first problem. You can buy homes 0% that's real. And it's not in the video.
@havefaith4358
@havefaith4358 Жыл бұрын
Me and my daughter too! Good luck.
@lambrosballas3557
@lambrosballas3557 Жыл бұрын
There are a ton of real estate 'guru's on KZbin and a lot of boring videos, but I have to tell you - Your videos, are on point, you keep the watcher interested, and you do an excellent job of explaining and providing value. You got a nice sub from me :-)
@SheIsShantel
@SheIsShantel 2 ай бұрын
Thank you. I appreciate this info. It was very informative & thorough! 🎉
@katherinecrudup9239
@katherinecrudup9239 3 жыл бұрын
This was great information. I am going to watch this several times. Thanks so much.
@rebe41
@rebe41 Жыл бұрын
Most ppl selling does not want to do that. Most want the equity up front
@youareamazing963
@youareamazing963 Ай бұрын
Just sub’d. Thanks for the info!
@OrganicSistah
@OrganicSistah Жыл бұрын
Thank you for this brother! You may have just changed my life! Many blessings to you!
@josefmazzeo6628
@josefmazzeo6628 2 жыл бұрын
Jamel great info always love your videos - very clearly explained and to the point. I like how you use "safe" words so as not to trigger the seller's defenses ("Shields up!"). I've also heard in other courses "home" has more emotional attachment (for the seller) but "property" is straightforward and direct.
@jamelgibbs
@jamelgibbs 2 жыл бұрын
Indeed. Thx bro
@enlightenedfishing_23
@enlightenedfishing_23 Жыл бұрын
This is some great information! Easy to follow and understand, even for those who have never dealt with real estate. Simplicity is key with these types of videos to get the knowledge across to those who may be scared to dabble in real estate. I never take the time to comment on videos but, I had to give you and the video a thanks and props, Great information, well formed, simplified, and reasonable. Amazing! Thank you.
@AyoBart
@AyoBart Жыл бұрын
Did you understand the full video on total? Do you dabble in Real Esate?
@wayneflowers83
@wayneflowers83 10 ай бұрын
You dropped gems bruh. New subscriber!! You got me off to the races with my first time watching your video. Thanks 👍
@user-ch7ol2lf4p
@user-ch7ol2lf4p 9 ай бұрын
This video actually brought tears of joy to my eyes and gave me hope thank you so much.
@robertl2360
@robertl2360 Жыл бұрын
Absolutely 100 percent truly life changing info (if steps discussed in video are implemented ) this is the best real estate creative offer style deal presentation I’ve ever come across on KZbin hands down I truly appreciate what you’ve done with sharing this info, a lot of value here! I caught every gem dropped! Very clear very well spoken Should have a disclaimer Video will leave you feeling like you’ve already closed your first deal lol
@audhdcreativity5899
@audhdcreativity5899 Жыл бұрын
Wow, thanks so much! I was almost one of those "buyers" trying to "buy a house quick", but now I want to do this!!! You are an amazing teacher snd so generous for sharing! The clear steps, the coaching in language, etc.- so so helpful for me!!! I can't wait to try this!
@darian8802
@darian8802 Жыл бұрын
Let us know how it goes.. I wish you all the best! I plan on putting in this into action aswell.
@audhdcreativity5899
@audhdcreativity5899 Жыл бұрын
@@darian8802 best of luck to you as well! I'm seeing a lot of possibilities around where I am living, but it may take me a while to get it all going! It takes a lot if confidence to do this as well, and I admire anyone who tries this method!
@StreetMotivationmag
@StreetMotivationmag 8 ай бұрын
Wow! I never watch any of these vids, but yours was 100% worth it, I'm late but here now. Love it and thank you for sharing.
@ceceliadavis6962
@ceceliadavis6962 Жыл бұрын
Great information. Will definitely look more into this . Thanks for sharing.
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