Watch Me Do A Real Estate Deal Subject To - PART 1 With Pace Morby

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Flipping Mastery TV

Flipping Mastery TV

Күн бұрын

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@FlippingMastery
@FlippingMastery 2 жыл бұрын
Watch the latest video with jerry and pace here - kzbin.info/www/bejne/iInQYoyZiteHacU
@volunteer100
@volunteer100 4 жыл бұрын
I just got my first subject to property. The owners were divorcing and the man was left to pay the bills. He moved out of state and was in a preforclosure era. He contacted me for assistance, met up and talked for about 2 hours. We came to an agreement where he was free from foreclosure. I now have a tenant living there on a 6 month lease all while I am doing cosmetic fixes. The Value is 190k and there is 71k in equity. I have a cash flow of $450 every month the property.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Love it!
@surveytestmoney2550
@surveytestmoney2550 3 жыл бұрын
WOWWWW!!!!
@Mary-zd6ow
@Mary-zd6ow 2 жыл бұрын
That is great! What did you do to pay for the owners' outstanding balance? Did you use a hard money lender or another loan to pay off their outstanding balance?
@volunteer100
@volunteer100 2 жыл бұрын
@@Mary-zd6ow It's always good to have money saved. In this case I used what I had in my savings. Wasn't much to catch them up. You can use private money. Money from another source is also great. Say you borrow 5k from PL and Interest only. You pay them back with the money your making from the property. Pay in monthly installments until you're finished.
@ericrodriguez594
@ericrodriguez594 Жыл бұрын
Do you need credit?
@jordanaubrey-realestateinv334
@jordanaubrey-realestateinv334 4 жыл бұрын
I've bought a lot of Sub-to's they get expensive but definitely a way to acquire property. Built my Net worth to over a Million $ using this method
@PaceMorby
@PaceMorby 4 жыл бұрын
Jordan Aubrey- Real Estate Investing Done Right its the best!!! We bought 5 this week.
@user_abcxyzz
@user_abcxyzz 4 жыл бұрын
What do you mean by "they get expensive"
@jordanaubrey-realestateinv334
@jordanaubrey-realestateinv334 4 жыл бұрын
@@user_abcxyzz unlike a hard money loan subject to properties typically come out your pocket which adds up. Rule of thumb for me is only put in what I can get out in a down payment
@keithmace1
@keithmace1 4 жыл бұрын
@@jordanaubrey-realestateinv334 couldn't one get private money for that and/or a partner for those expenses? I just heard somebody mention that yesterday on a video I watched. I can't remember who it was though. (I'm probably listening to too many people. 🤔)
@jordanaubrey-realestateinv334
@jordanaubrey-realestateinv334 4 жыл бұрын
@@keithmace1 yes you can get private money. But bad deals are bad deals not all subject to deals are good deals thats all im saying.
@thesprings_1536
@thesprings_1536 Жыл бұрын
The free audio is 100% the greatest value of this video, which most people must be missing based on the number of comments about the structure of the deal. All the creative financing knowledge in the world doesn’t mean a thing if you don’t know how to have this conversation with a seller. Having Pace & Jerry explain & rephrase the deal multiple times to the seller, is absolute GOLD!
@highticketclosing3569
@highticketclosing3569 Жыл бұрын
Hello, where did you find the promised recording of Pace & Jerry explaining & rephrasing the deal multiple times to the seller? I can't find it, thank you!
@thompsonspressurewashing
@thompsonspressurewashing 4 жыл бұрын
Jerry I literally just had people tell me "you know that takes alot of work" and " you don't know thats actually going to work" I can't wait to get my first deal and show everyone I can do what I put my mind to. Just bought flipster to help Kickstart it.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
💥💥💥
@volunteer100
@volunteer100 4 жыл бұрын
Bro, there are many people that are going to lose their home this year and next year. Prove that you are a problem solver and you can be trusted. Subject to is a blessing in disguise You got this.
@mrjuannorris_
@mrjuannorris_ 2 жыл бұрын
@@volunteer100 ☝🏿☝🏿☝🏿
@Noway976
@Noway976 2 жыл бұрын
Hey travis, its been a year since this post would love if you reply back to tell me how flipster went for you or if you want to get my e mail to talk about it.
@DmitryMalinkin
@DmitryMalinkin 2 жыл бұрын
Any result?
@EzraJudah144
@EzraJudah144 4 жыл бұрын
Yes please! Make this a series!! Confession: not even done watching but know already this is epic!!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Thanks
@PaceMorby
@PaceMorby 4 жыл бұрын
Thank you bro!!!
@elkidddiamante8777
@elkidddiamante8777 4 жыл бұрын
Yes please make a series, you guys are great, been watching you all for a while. Glad to see 2 power houses working together.
@Bellaaaa98
@Bellaaaa98 3 жыл бұрын
Same! Agreed!
@shannonwhite8994
@shannonwhite8994 3 жыл бұрын
Yes make this a series!! You guys are awesome 😎
@jamesweiland3214
@jamesweiland3214 4 жыл бұрын
Jerry, this was one of the best videos I have ever seen on creative financing. I am favoriting it and will watch it over and over in the next few days. I especially loved your best/worst case scenario analysis because I sometimes struggle with the worst case scenarios.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Glad it was helpful!
@stevendnguyen
@stevendnguyen Жыл бұрын
1 was able to scale from 0 to 90 units and creative financing was a big way to scale fast. With it becoming a buyers market and people still wanting seller market home prices, creative financing is the win-win situation. Your price, but my terms. If you can master off market lead generation and creative financing, you can scale big in 2023. I still work a W2 as I stabilize my 90 unit portfolio
@tonyacres318
@tonyacres318 3 жыл бұрын
I have a few questions. After you took over the property the $2800 covered the 1st mortgage how much was the payment on the $191,000 that you borrowed and who paid that? And did you put the seller on a lease option for a year or did you just rent it out to him?
@Klassyeleganceblog
@Klassyeleganceblog Жыл бұрын
Jerry I am now watching this video in 2023 so I missed earlier but wanted to thank you for showing the best and worst outcome. I actually bought my first home as a creative financing deal but also I am from Miami and when individuals there go thru this process and cannot find investors like you , they resort to Chapter 13 and they can hold the sale for a while and then the trustee will structure the payments etc. so they can stay in their home. It’s a unique situation but in the end whatever we can do to help the homeowners
@wendyandfriends
@wendyandfriends Жыл бұрын
All I can say is, Wow! Wow! Wow! I want one of these deals!! Brilliant, and helping all of the parties involved. I LOVE that!
@masonporter2942
@masonporter2942 2 жыл бұрын
Wow so much incredible information. Now that it's been over a year, what ended up happening in the deal??
@kilduce4423
@kilduce4423 4 жыл бұрын
Wow 40 mins of free game/knowledge. Thanks Jerry
@FlippingMastery
@FlippingMastery 4 жыл бұрын
You bet!
@amoniwatson3795
@amoniwatson3795 9 күн бұрын
This is amazing and it makes so much sense I was scared to watch it cuz I've had to stop videos today and take notes the only thing now is how do I put all this in paperwork lol. I'm an investor at this point
@Finalaproach
@Finalaproach 2 жыл бұрын
Maybe I missed it, two questions.. 1. How are you paying off the delinquent second? 2. Who is making the payments to the private lender, if used, for the whole year?
@brianvaughan4336
@brianvaughan4336 4 жыл бұрын
Jerry, you're a TEACHING genius!
@deshonemarshall8633
@deshonemarshall8633 3 ай бұрын
Awesome work guys!!! Really helpful, useful and practical!!
@ericwilliamson23
@ericwilliamson23 4 жыл бұрын
This is great! I’m currently working on my first Subto deal. Jerry and Pace y’all are Subto Genius! 👏🏽
@ericwilliamson23
@ericwilliamson23 4 жыл бұрын
Completed my first Subto deal renovated the property and sold it! I posted it on Instagram at THA Properties
@9emaze
@9emaze 2 жыл бұрын
Did they make the part 2 of this ?
@ramseygilmore4763
@ramseygilmore4763 Жыл бұрын
Jerry Pace, you guys are awesome
@DavidGalan777
@DavidGalan777 4 жыл бұрын
The way that banks will be handling the forbearances is all new territory in this economic climate. It may not work out that the lender will simply put the backpayments at the end of the loan and sellers will simply just start making payments. Lenders may require lendees to qualify for that loan again. I've talked to a few.
@surveytestmoney2550
@surveytestmoney2550 3 жыл бұрын
Rut roh...womp! womp! wommmmp!
@ddh6483
@ddh6483 3 жыл бұрын
PLEASE UPDATE! Did the deal go through?! THANK YOU FOR SHARING THIS JOURNEY! SO HELPFUL!!
@brianvaughan4336
@brianvaughan4336 4 жыл бұрын
I really appreciate what you said at 36:02 about people always "making the deal work on paper" by cherry picking comps. I've been a residential appraiser for 31 years and have seen cherry picked comps from sellers/buyers/brokers/lenders/next-door-neighbors! Now that I'm into wholesaling it's so frustrating to see inexperienced people think that they can quickly look at a few sold sales and instantly show an accurate ARV. Great video, Jerry and Pace!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Me too. Frustrating for sure.
@sawyerdenti3727
@sawyerdenti3727 4 жыл бұрын
do another 'watch me' for lease options, land contracts and seller carry! Love you jerry!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
thanks
@bear4au
@bear4au Жыл бұрын
Love you guys. Thank you for the content. Just closed my first SUBTO deal today.
@keithtobin606
@keithtobin606 3 жыл бұрын
FANTASTIC! one of the best videos ever. I get it. Thanks for sharing.
@bobbyflores220
@bobbyflores220 Жыл бұрын
it would be nice to add a video showing the back end work, what the Transaction Coordinator has to do how it all gets put together..
@nickbrunette8292
@nickbrunette8292 2 жыл бұрын
In this deal scenario, how would you go about paying on the hard money loan for 190k. 2800/ mo is what he is paying for rent in the lease option which covers the first mortgage of 450k but how do you go about getting the hard money loan paid? increase is lease/monthly rent?
@debkelley-scott1154
@debkelley-scott1154 2 жыл бұрын
great video! thanks you two for sharing this!
@geraldlofton
@geraldlofton 4 жыл бұрын
Guy is PURE GOLD....Jerry n Pace are Subto Geniuses...I’m in South Florida and if you’re not careful these deals will blow up in your Face BAD!!!!! High Subto can be tricky....GET THE OWNERSHIP FIRST
@FlippingMastery
@FlippingMastery 4 жыл бұрын
high risk high reward
@kevinrichardson8591
@kevinrichardson8591 4 жыл бұрын
Please make this a series! This deal is awesome, any way the dice rolls, you guys are into this for 65%, so many ways to win!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
win win is the best strategy
@desitriplettsr.385
@desitriplettsr.385 4 жыл бұрын
Jerry, Of course we would like for you and Pace to make a step by step series of this Sub2 Deal.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
stay tuned
@merrymatthews5696
@merrymatthews5696 Жыл бұрын
Yes I agree Jerry is informative and entertaining
@JoseSaldanaPlus
@JoseSaldanaPlus 3 жыл бұрын
Hi Jerry and Pace. Thank you for the great video! Quick question: How is the seller able to refinance the home if he is no longer on the deed? If you could elaborate on this a bit, I would greatly appreciate it. Thank you, again, for the video. Keep up the great work!
@air4sir
@air4sir 3 жыл бұрын
Agreed. Great video and grateful for the value you provide us strangers. I also need to ask, how is Don going to sell (or refi) a property not deeded to his name? Under a lease option, Don is effectively a renter (possession and enjoyment rights, not ownership). Thanks! I really am intrigued and grateful.
@Lownoteonbass
@Lownoteonbass 4 жыл бұрын
You two are flipping geniuses!!!!! Part 2 Please!!!
@bear4au
@bear4au 10 ай бұрын
Really good work guys. I love your content and have started implementing. 2 subto deals so far this year. Excited to grow.
@gedward86
@gedward86 4 жыл бұрын
Moral of the story: Become a go-giver, bring value to others and build a brand in the process. If you market yourself well and what it is you represent, you may get a phone call with this kind of opportunity from someone you’ve made an impact on i.e brought value to. Great video fellas, thank you for all you do in the stratosphere!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
be a great giver and problem solver. you can too.
@The_coach333
@The_coach333 Жыл бұрын
I watched pace video on this guy 5 mins before this video.. I was like not the same guy! Awesome video hope you made the money off it 💪🏽
@iankingston480
@iankingston480 4 жыл бұрын
I new investor learning wholesale. I am willing to accept a lower cut just to learn this process in 8 days you can bail out seller. Wow!
@PaceMorby
@PaceMorby 3 жыл бұрын
Ian... would love to chat with you man. Are you still interested in wholesale 5 months later? Let me know... would love to do deals with you if you need someone to JV with.
@dtkn9
@dtkn9 3 жыл бұрын
@@PaceMorby hey pace
@CarlosTorres-sn5kz
@CarlosTorres-sn5kz 3 жыл бұрын
Jerry and Pace you guys are flipping genius. This was such a great deal that Jerry couldn't stop smiling lol.
@NastyThugg1
@NastyThugg1 4 жыл бұрын
Jerry....YOUR A FLIPPING GENIUS!!!!!
@romanhernandez2930
@romanhernandez2930 Жыл бұрын
first of all thanks for all this information, i got a question, what contract i should do to make a subject to a property?
@Scott-got-caught
@Scott-got-caught 4 жыл бұрын
I endorse anything with Norton in it. Flipping genius
@henry2008ism
@henry2008ism 3 жыл бұрын
Have Pace come back!! Thank you so much for this video!🙏🏼
@lewisschwartz3619
@lewisschwartz3619 2 жыл бұрын
This was incredible! Thank you Bothe Jerry & Pace!
@clintonduke8664
@clintonduke8664 4 жыл бұрын
Yes do the series. I understand subject to a little bit. Yes the numbers make complete sense.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
stay tuned
@ZaidMaldonado-u3c
@ZaidMaldonado-u3c 8 ай бұрын
I just wanna thank you I listened to the recording and I don’t know how you guys keep your composure when someone is questioning every thing you say, but you’re trying to save his ass. The guy is an ingrate. I hope the deal works out, but I think this guy is going to somehow break the lease and you’re going to have to own that house. Good luck guys.
@blakkice6558
@blakkice6558 4 жыл бұрын
Bring on Part 2!! Let's get this series going!!
@ARYUSops
@ARYUSops 3 жыл бұрын
Did they publish part2 yet?
@KennethColom
@KennethColom 2 жыл бұрын
Just came across.this and am grateful for the both of you. I'm part of the 100% funding and joined about a month ago. What was the outcome of this? are there anymore videos? Im interested in learning the creative financing part as well with wholesaling in order to better provide value and versatility. Thank you Jerry. You're a flipping genius!
@lselfridge7020
@lselfridge7020 4 жыл бұрын
Pace is the man. Do the show! Thank you
@FlippingMastery
@FlippingMastery 4 жыл бұрын
He’s a stud!
@brittneyholmes2700
@brittneyholmes2700 3 жыл бұрын
Just listened to the bonus recording it was totally worth every second. Very intriguing.. informative should've been a movie scene
@PaceMorby
@PaceMorby 3 жыл бұрын
Awesome. Glad to hear you got value out of that.
@MrHelloNBA
@MrHelloNBA 4 жыл бұрын
Pace & Jerry, you guys are awesome! Thanks for taking the time to break down the ups and downs of this transaction to give the full picture. Great job.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Our pleasure!
@terrellharper5753
@terrellharper5753 2 жыл бұрын
Do you have a video of you handling the contract part of the deal with real-estate agents with no assignment clauses? Like a live video? So I can see that process in real time.
@shashgo
@shashgo 4 жыл бұрын
yo man. awesome. yes please do more of these including a series on how to wholesale sub to deals, seller finance deals.
@vanguardeconomicstrategies4929
@vanguardeconomicstrategies4929 Жыл бұрын
THIS IS POWERFUL and HELPFUL! Love this and you assist folks, a para!👑🔑
@carasmith8710
@carasmith8710 2 жыл бұрын
Yes!!!! Learning so much needed info right now, about to attempt my first sub to deal and I feel much more confident about the process after watching. I am more hungry than ever, and I am so grateful you guys decided to share your knowledge!
@InIt2Winnett
@InIt2Winnett Жыл бұрын
Loved this video and learned a lot from it! The only part I was confused on is the 235k. I noticed this was 215k net from payoff and 20k for monthly payments. When you fast forward to worst case scenarios that 235k changes. Regardless, thank you for making this process easy to understand!!
@DevBObs
@DevBObs Жыл бұрын
Hello Guys, Thank you for another amazing video and the explanation is applicable to any deal. I can find the recorded conversation in the links.
@vividhaiku
@vividhaiku 2 жыл бұрын
Subto deals are not as easy as they make it look. Many things can go wrong. These guys have teams of professionals working for them.
@Romales
@Romales 3 жыл бұрын
Thanks for the CONTRACTS Jerry! You're amazing!
@mauricegeorge4320
@mauricegeorge4320 4 жыл бұрын
Jerry, also, please give us an update on your Leesburg, GA property. We want to learn from you handling the long-distance renovation. Thank you.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Getting close. Almost done.
@garciafirm6942
@garciafirm6942 Жыл бұрын
So much good solid info. Thank you guys for being so giving of your knowledge.
@melaniewrenn9345
@melaniewrenn9345 Жыл бұрын
Best explanation of a subto I've seen!! Thank you so much! First timer here, charging ahead
@gatirafamily9791
@gatirafamily9791 4 жыл бұрын
You guys are Geniuses. Very smart and WIN WIN for everyone
@Bella-uy7of
@Bella-uy7of 2 жыл бұрын
Just watched this video and I am blown away that this could even be done. Wow! Ok question if you it as a rental who is responsible for any repairs on it? Wouldn't it be better to do a rent to own?
@jessequintanilla6546
@jessequintanilla6546 4 жыл бұрын
This is good video on foreclosure helping family out stay in there home. Pace and Jerry. Looking to it in future in wholesale need more videos on foreclosure 👍
@marshajamison7463
@marshajamison7463 Жыл бұрын
Yes I would be interested in series videos on subject to.
@JGG31986
@JGG31986 4 жыл бұрын
Don’t do it Jerry! Never trust a guy that buttons his shirt all the way up when he’s not wearing a tie! Lol jk. Love these videos man. Closing on my first fix n flip in a week. Found your channel after I was already under contract and have learned a ton!!! Keep’em coming
@lonestarr1707
@lonestarr1707 4 жыл бұрын
Just got done listening to the recording & OMG u guys had to re-tell the seller what the process was going to be like, like 8 different times.
@geoffhusa313
@geoffhusa313 4 жыл бұрын
This was awesome! I’ve been reading and thinking about sub-to and lease options lately. Can’t wait for the follow up video! Thanks for all the great educational content you provide!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Glad it was helpful!
@chadjordan1026
@chadjordan1026 2 жыл бұрын
Great video, about to buy our first AirBNB, would love to see if you have any specific strategies for acquiring and building those types of assets.
@anotherindividual5799
@anotherindividual5799 3 жыл бұрын
Y’all better, and I mean BETTER update with how it goes through and if he pays off or not in the end of this deal. Appreciate the gems 💎
@vincentlanza3320
@vincentlanza3320 3 жыл бұрын
Love this video. Please have Pace come back!!
@USAHOMEBUYERPARTNERSHIPS
@USAHOMEBUYERPARTNERSHIPS 8 ай бұрын
So you’re transferring the deed and leaving mortgage with fixed interest and balance in place. Thus, deed goes into buyers name and mortgage remains in sellers name. If they don’t feel comfortable tell them you will instead have the deed held within a safety deposit box with recording instructions. Have third party note servicing to collect payments and pay the mortgage monthly. A few days before closing (if seller requests) have them sign a Third-Party Authorization form for their bank so you can call and cancel their insurance. You then want to replace the insurance with a non-owner occupant landlord insurance policy with the existing mortgagee and the seller as a secondary. Have Closing agent execute the contract Transfer deed in your name and collect and pay out anything at closing. The closing agent will then put deed in a deposit box and will only trigger a recording when underlying mortgage is paid in full. Or simply record the deed. If the due on sale, clause is called, simply deed, the property back to the seller and record the transaction at the registry. Simultaneously, the seller will transfer the deed back in your name. The only difference this time is that the deed will not be recorded, and instead held in the safety deposit box.
@yolimonty4898
@yolimonty4898 2 жыл бұрын
GOOOOOLD SEÑOR PACE SEÑOR NORTON
@dianejohnson9477
@dianejohnson9477 3 жыл бұрын
Awesome duo!
@ViciousVic88
@ViciousVic88 4 жыл бұрын
I follow both you guys and i have learned so much, I thought having the seller live in the property was a big no no when doing a creative deal but i assume from this video it depends on the situation. My 2 big questions are if it was the 2nd lien that is foreclosing on the property why couldn't you treat it the same way as a stand alone bank loan and bring the loan current instead of paying the entire 190k? The second question is what if the seller who waits till the last minute to make decisions and decides to claim bankruptcy while under contract, what would happen then? I watched quite a few videos of Pace's and even though there is enough equity for 2 to eat lol Pace always says that the most important thing is whether the property can cash flow and in this example it doesn't but you guys are getting all of the other benefits. Always a fan of you both you guys are the powerhouse team :)
@FlippingMastery
@FlippingMastery 4 жыл бұрын
1. The lien holder wanted cashed-out. 2. We hold title on the house and can sell as needed.
@bjmar867
@bjmar867 Жыл бұрын
This is amazing content - I'm so glad I found your channel. Do you have a plan to walk through all the logistics surrounding a Sub-To or Seller Finance deal? I'm not just talking about analyzing the deal, but more about who to work with for getting what paperwork completed, how you work these deals within the constructs of an LLC .. things like that.
@FlippingMastery
@FlippingMastery Жыл бұрын
Great idea
@mnzajca2803
@mnzajca2803 3 жыл бұрын
Jerry can a property owner that wants do a sub 2 and transfer title in your name and you make the payments can they go and assume another mortgage in though the payment is still in there name? Or will they be denied because they already have a outstanding mortgage. Thank you
@SunniSide1
@SunniSide1 Жыл бұрын
Loved this explanation. I have to wonder what happened with Dom? Was he able to get the property back? Did the best case or worse case scenario play out?
@allach1772
@allach1772 4 жыл бұрын
I listened to Audio. I think the most epic party about it was..... for every dollar that I loan you I make one extra dollar. Somehow that clicked with me a lot better than listening to very complex mechanical details. I think starting off the presentation to the owner this way.... would be the best way to go.... Meaning mentioning this at the start and finish..... Also one thing I didn’t hear is whether or not conversation can be recorded... I did not hear you asking permission of the owner to record conversation. I heard owner object to recording. What is the best way to let the seller know that they are being recorded? Without sounding too offensive? Also if owner objects from being recorded..... would the contract be sufficient to stand out in court of law in case if owner comes back and states that he did not fully understand the process? One more thing.... Owner kept referring to capital lease, I am not familiar with this.... wouldn’t that suffice owner better? Or maybe there is a reason why he couldn’t do capital lease. Also one other thing that struck me and somehow I didn’t think of this yet owner asked.... Why not just pay off both loan entire $650k and sell it for actual market value....? Yes that would be a lot of money, but wouldn’t hard money lender give that money to you at let’s say 12 percent and then you and Pace acquire this deal and it would be done and over with? Sure there would be least profit.... but it didn’t seem owner objected to that.... One more thing... I realize owner also wanted to live for a bit longer than 12 months.... however it sounded like the easiest option of what owner wanted was for you and Pace to just pay entire loan amount for both loans and let him live in your house for 12 months with lease option agreement..... One more thing why didn’t the owner go to get hard money lender to cover the 191k debt? Even if they would pay hard money lender 191k plus 12 percent at least they would be able to offset themselves from looming foreclosure.... Or do you think hard money lender wouldn’t load to the seller entire 191k on a house that has already some equity? I am sorry if I am asking so many questions. It’s just this is the first time I heard live audio conversations with video explanations like this that somehow connect on high level all of the dots.... Note.... if we try to be real.... would the owner have any other option that is more suitable for him? Where not so much profit would be taken out of his equity? We are taking 200k for 200k..... In stock market if I was to buy 200k worth of stocks I can make 10 to 12 percent return... That is 24k in one year..... without doing anything as complex as subject to.... Sure I understand there are risks.... and hence is the reason why such payout is so high.... 200k basically in one year... way better than in stock market.. However how can a regular person with masters degree in mathematics and cyber security engineering background grasp all of these strategies without breaking a bank? What can I do to see the whole peaces of the deal structuring process.... from taking over payments to adding money to escrow to releasing money from escrow, every single mechanical concept? I understand it all briefly... but not quiet sure that I can pull this off.... by my self... It seems very complex lots of moving peaces lots of moving gears.... Highly sophisticated intermingled creative financing with lease options etc etc etc... Way too complex.... also if I was to go out to private lender who would agree to fund this 181k..... ? Also what about if the seller declares bankruptcy right while you are in the contract.... Then turns around and goes after you claiming predatory case? Would the recording be admissible if owner specifically objected to that? Note questions i ask some of them already been answered... However if maybe they can be addressed in other video.... where for example you go over other possible options that are truly best of the best options for the seller.... I don’t know but to me 200k on 200k seems like a lot of money in 1 year period.... I barely make 12 percent in stock market heck in bank I make 1 percent. Anyway overall it would be cool to see other audio recordings with sellers... I want to see what sellers concerns and objections are... this was a great bonus audio. Thank You.
@calebkorzo2038
@calebkorzo2038 4 жыл бұрын
Wow! You guys provide SO MUCH value for FREE!
@mkhpropertysolutions7795
@mkhpropertysolutions7795 4 жыл бұрын
Valuable information! We can help more homeowners who are facing foreclosure. If only we could solve the issue of the homeowners not waiting until the last minute!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
very ture
@davidr007
@davidr007 4 жыл бұрын
Yes definitely would love to see you guys collaborate more :) Thanks for the great content!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
More to come!
@ca3713
@ca3713 3 жыл бұрын
I’m just learning about SUb To in my research I never came across where you let the owner stay in the property after you take over the payments. Interesting
@marystead8445
@marystead8445 2 жыл бұрын
Wow! You two together are fantastic! Thank you, Yes I would like the Creative Financing Guide and the recording of the deal. I followed with no problem, but wonder if I could come up with that strategy.
@FlippingMastery
@FlippingMastery 2 жыл бұрын
FREE creative financing hacks guide. You can download it here: creativefinancinghacks.com/ *Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com
@kevinhogannyboss
@kevinhogannyboss 2 жыл бұрын
Really informative
@doriandudley4036
@doriandudley4036 2 жыл бұрын
Hi Jerry, I'm a little late in discovering your channel, but LOVE ALL YOUR CONTENT! I myself live in Los Angeles, CA. I feel I found a similar situation with a Bungalow House I found "Literally in the Heart of Hollywood", a super Rare find. The property is currently listed with an agent. I am wanting to present an offer although not sur if I should work with agent or approach seller directly? I could even go as far as to visit the property in person since Hollywood is super local for me. Not sure which apporach i should take to proceed. Also I am open to JV with you on this property if interested... In any case, please continue creating content, All Videos Are Definitely Loaded With Value!! Thank you again for you being you!
@Calibreed74
@Calibreed74 4 жыл бұрын
The "NORBY" Dynamic Duo! Love these guys. Hope to see more of this. #✌🏾 #flipping #genius JERRY JERRY JERRY!
@FlippingMastery
@FlippingMastery 4 жыл бұрын
stay tuned
@PaceMorby
@PaceMorby 3 жыл бұрын
@@FlippingMastery bro when are you having me come back
@ForeignNationz
@ForeignNationz 2 жыл бұрын
Jerry you are a flipping genius. Please share with me your subject to specialist. Thank you
@FlippingMastery
@FlippingMastery 2 жыл бұрын
Here you go! FREE Subject To Contract Pack & 30% Off Discount Code for Full Service Closings: flippingmastery.com/subyt *Once you enter your email, it’s automatically emailed to you. If you don’t see it, check your junk/spam folder in case your email provider put it there...If you still don’t see it, my team can help you out. Support@flippingmastery.com
@GNJLANDSCAPING
@GNJLANDSCAPING 2 жыл бұрын
I see a win win for both of you on this deal no matter what, either in a short or long term. 👏🏽👏🏽
@eleuterioenriquezjr854
@eleuterioenriquezjr854 4 жыл бұрын
Very awesome video! Question: if you guys are taking over the house sub to, how is he able to sell it before the 12 months. Won’t you guys be the homeowners and not him? Thank you!
@Mr.International82
@Mr.International82 2 жыл бұрын
Hey jerry! Is subject to similar to the same principles as note flipping as to where you as investor becoming the bank?
@jahfamilypropertysolutions8680
@jahfamilypropertysolutions8680 4 жыл бұрын
I'm super excited to hear you guys come out about this, I've been passionate about foreclosure Redemption for a while now and I'm getting ready to put my marketing to work with it. Great way to help people and also be mutually beneficial
@terevarevahaunui
@terevarevahaunui 3 жыл бұрын
Loved this! Hope to hear back from Pace!
@highticketclosing3569
@highticketclosing3569 Жыл бұрын
Hello Jerry, thank you so much for that amazing series with Pace, it is awesome, so much value! I am looking for the promised link of you two explaining the deal to the seller in their house, I cannot find it. Where is it? Thank you!
@mikhailhunter5277
@mikhailhunter5277 4 жыл бұрын
This video just blew my mind, like wow, my hat flew off. How do I get great at this?
@FlippingMastery
@FlippingMastery 4 жыл бұрын
do it
@danielacker3615
@danielacker3615 Жыл бұрын
Good info thanks
@aaronsteeves7976
@aaronsteeves7976 2 жыл бұрын
Hey guys, awesome content. Do you have any videos where you explain the primary lien holders role in a sub-to? I just don’t really understand what happens if you own the home on the deed but the seller is still the mortgage holder… - what happens if you just decide NOT to pay the mortgage? What recourse does the seller and/or the lender have? - What’s your exit if the exercise due on sale and if you’re not on the loan how can the lender pursue you?
@TheBeowulf55
@TheBeowulf55 3 жыл бұрын
This was a great video did the seller accept? looking for the other parts of the series but couldn't find them on your channel. Thanks for putting this out here it's really helpful to be included throughout the entire process.
@craigrogers1050
@craigrogers1050 4 жыл бұрын
Great Video, I love it, I like to get the big picture, you guys did a great job at it.
@FlippingMastery
@FlippingMastery 4 жыл бұрын
Awesome! Thank you!
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