Mastering Creative Finance -- Breaking Down Terms | Subto Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 16 February 2024
β±οΈ 9 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby explains creative finance terminology.
Show notes:
- Pace explains terms you should know for creative real estate.
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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 |
| 0:08.2 | way for you to get started in real estate, but you can also build cash flow and build a portfolio |
| 0:13.5 | in the process. Today's episode, you will walk away with tremendous notes. And I want you to remember |
| 0:19.3 | we do a live 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 if you want to |
| 0:46.3 | learn what terms are we're gonna give you guys a link in the description of the |
| 0:49.5 | settlement statement of a deal that we're gonna break down here for a couple of |
| 0:51.9 | minutes and talk about what terms are |
| 0:54.2 | and you guys can get a copy of all of these documents |
| 0:57.1 | and it hopefully will help you in your journey. |
| 0:59.2 | Now, these are not purchase and sell agreements. |
| 1:01.0 | I keep those only for my community, sub two community, |
| 1:03.8 | but this is public documentation of who my seller is |
| 1:07.6 | and what interest rate did we sell at |
| 1:09.2 | and all of that kind of stuff, okay? |
| 1:10.7 | This seller on Drummer Avenue has a duplex. Okay, so two houses attached to each other |
| 1:17.3 | with two different tenants living in the properties. These tenants combined right now are |
| 1:21.6 | paying $3,500 a month. The seller, I'll just call her Susie, the seller has just got sick of being a landlord, dealing with repair requests, dealing with people late on their payments. |
| 1:32.3 | And she just got to a point where she said, I just don't want to deal with this anymore. |
... |
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