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Wholesale Hotline | Brent Daniels

Mastering Creative Finance -- Breaking Down Terms | Subto Breakout

Wholesale Hotline | Brent Daniels

Wholesale Hotline

Business, Investing

4.9 β€’ 586 Ratings

πŸ—“οΈ 16 February 2024

⏱️ 9 minutes

🧾️ 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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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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, 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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