Is Buying A House No-Money-Down Still Possible In 2024? -- Full Breakdown | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 1 November 2024
β±οΈ 35 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
On today's Wholesale Hotline (Subto Edition), Pace walks us through a step-by-step breakdown of how to execute a Subject-To real estate deal in 2024, covering each phase from lead generation to closing.
Show notes β in this episode we'll cover:
- Learn how Pace Morby handles a real-life deal on a property at 3932 West Myrtle, including finding and addressing seller pain points.
- Insights on leveraging creative financing tools like Prop.ai, LOI Blaster, and community referrals to source high-quality deals.
- Key takeaways on using βGatorβ lenders to cover upfront costs and pay yourself upon closing without needing personal funds.
- Why creative finance makes Subject-To deals simpler than traditional real estate transactions, plus the benefits of owning a cash-flowing property with full control and tax advantages.
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β 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 β
Transcript
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| 0:00.0 | Hey guys, Pace Morby here. Welcome to Wholesale Hotline Podcast. Today, we're going to be talking about |
| 0:04.0 | wholesaling and how you can get started. But I want to tell you, wholesaling is not just an amazing way for you to get |
| 0:08.9 | started in real estate, but you can also build cash flow and build a portfolio in the process. |
| 0:15.2 | Today's episode, you will walk away with tremendous notes. But I want you to remember, we do a live |
| 0:20.5 | episode every Monday night |
| 0:22.5 | over on my YouTube channel, YouTube.com forward slash pace morby. Head over there and you can meet |
| 0:28.4 | other audience members and do deals in the live chat. Remember to subscribe, give us a little bit |
| 0:34.5 | of love, and make some comments in the show notes down below so we know what to talk about in the future. Enjoy today's episode. When I |
| 0:46.2 | first started in real estate, I wish somebody broke down step-by-step the |
| 0:49.8 | entire process of a subject two deal. That's what we're going to be doing for you |
| 0:53.1 | today. Timeline and the process of a subject-to two deal. Here's what you should expect. Step one, |
| 0:58.7 | all the way through step seven. You want to stay to the end because here's the thing. |
| 1:02.7 | I'm going to show you how you get paid up front by putting a subject two deal in your |
| 1:07.8 | portfolio. A lot of people will shy away from buying a sub two deal and instead they'll wholesale a subject two deal in your portfolio. A lot of people will shy away from buying a sub two deal and instead |
| 1:12.7 | they'll wholesale a subject two deal because they go, I'm not ready to hold a rental. And also, |
| 1:18.7 | I want to get paid up front. So on this deal, the address is 3932 West Myrtle. So you guys know |
| 1:26.2 | we actually do this business. And one of the things I'll |
| 1:29.3 | give you down in the description below is the closing document so that you guys can see all |
| 1:33.5 | the numbers associated with this deal. This house right here is the house that we're going to be |
| 1:38.6 | talking about. And the story associated with it has been well documented. So, all right, so obviously |
| 1:43.9 | we need to start. Now, where do we start? We don't start with trying to learn contracts. We don't start with trying to get a title company. We don't start with these things at the end. And I see a lot of people go, can I get a copy of a contract? You really don't need a copy of a contract. I know that that is just like demystifying for a lot of people, but the place that |
| 2:01.7 | you start is you have to generate leads. And another way to say the word lead is say opportunity. |
... |
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