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Wholesale Hotline | Brent Daniels

Air BnB Deal Breakdown With Pace and Jamil | Subto Breakout

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Investing, Business

4.9 β€’ 586 Ratings

πŸ—“οΈ 3 June 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Pace breaks down a subto deal breakdown! he talks about the property and he got it. He walks the property and how to fix it up for showing

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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Podcast for entertainment purposes ONLY ❎

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, welcome to beautiful Decatur Georgia. This is a property I bought subject to. In fact,

0:05.3

this house right here has three subject two loans on it. Three. There are three subject two loans.

0:10.6

And I'll have my team actually put a image of the finalized HUD, the settlement statement with the title company in the edit.

0:16.8

But this is a new Airbnb for me, 1931 Willay in Decatur, Georgia. This is a property that I

0:23.2

absolutely was afraid of because it's kind of smaller house. But man, alive, my Airbnb manager,

0:29.8

Noah, did such a great job. I never had to talk to the seller one time. This was a property that was

0:34.6

brought to me by somebody else that did not know how to do subject to. And luckily, I was able to just take over the contract and close escrow on the deal. And so I'm going to walk you guys through it today. And then I'll probably do a part two of this so you guys can see how much money it's going to make. I love Georgia so much. I don't know why. People ask me all the time why I love it. I would guess that it's just the charm.

0:56.8

As you guys can see, there's trees everywhere, right?

1:11.5

Like, this is just Atlanta. I don't know what's in there. I probably won't even go in there. I don't even care. But it's a big, long, deep lot. I think what I'm going to do back here is I'm going to do something, clean this up maybe put a porch or a patio out here and cut a hole in the wall.

1:27.7

Because there's really no livable space out here. I think I'd need to put a porch back here somewhere. You'll see inside the house. It's super cute, but it's missing some stuff. So anyway, this is the power of creative finance. Like I bought a house. I've never spoken to the cellar. Somebody else just ran into a situation they couldn't take care of. So I jumped in,

1:47.7

took care of it. And here I am, proud new owner of a cute gray and white house in Decatur, Georgia, all brand new windows. House obviously needed new windows. So Noah Hoffman, my Airbnb manager, did that for me. Got that taken care of. I probably want to spend a little bit of money like right here too and maybe even like fixing the driveway a little bit I don't know we'll see we'll see how this thing performs so let's do a little tour hi

1:51.0

welcome to the Decatur Airbnb it is super cute and freezing cold it is very cold in here somebody had the on. So super cute. You can see somebody at some point

2:03.3

closed in this window. It was originally a larger window. Somebody closed this in maybe because they couldn't

2:07.3

get a good size window. All wood floors, which I love. This is very indicative of older houses.

2:12.6

There's a little step up right here. This is your kitchen. Step up.

2:15.5

Don't mistake it for your dining. This is kitchen,

2:19.2

dining. Jimil, give us a tour. Walk us through. This is kitchen. Dining. And then here you got the

2:29.2

bedroom. Primary bedroom with a primary bathroom. And it's actually very nicely acquainted i think noah has done

2:35.6

a great job i'm extremely impressed how everything's put together my favorite piece though i have to say

2:40.2

as an Airbnb host prior in another life these things you have to provide them because like ladies

2:46.1

want them and some guys with blowouts if you put them in a drawer, they leave all the time.

2:51.2

Yes.

...

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