No Money Down Real Estate Investing -- Follow This Game Plan To Your First Subto Deal | Subto Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 15 December 2023
β±οΈ 40 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby sits down with Joseph Marone to break deal a no-money down, no credit check, creative deal.
Show notes:
- Joseph's background and how he got into creative real estate.
- How to find your "avatar".
- Joseph breaks down a deal.
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Transcript
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| 0:00.0 | You're listening to the sub two breakhouse with place more beyond the wholesale hotline podcast. |
| 0:13.0 | Hey guys, I've got Joseph Marone with me today. We are going to be talking about a sub two deal that he did out of state. |
| 0:19.7 | A lot of people don't think that you can do deals |
| 0:21.9 | out of state when you're just starting in this business. So we're going to talk about his deal, |
| 0:26.1 | how he did a no money down, no credit check, no credentials, meaning he didn't have to go to the |
| 0:31.6 | bank, he didn't have to use any tax returns, bank statements, credit report, any of those types |
| 0:37.2 | of things to get a property |
| 0:38.8 | where the owner essentially hands the keys over to him. |
| 0:43.0 | That's the beautiful thing about creative finance. |
| 0:45.1 | These types of things happen all the time. |
| 0:47.0 | And he gets to adopt or inherit is probably a better word for tenants that were already in place. |
| 0:53.5 | So no renovation needed and |
| 0:55.5 | no need to have an empty house when you first buy it, which a lot of times we buy properties |
| 1:00.7 | subject to and I turn around and I've got to find a tenant. Joseph inherited four of them. |
| 1:07.1 | Joseph, what's up, brother? How you doing? Man, what's going on, Pace? How's everything going? |
| 1:11.8 | It's good, man. I love that you got a good microphone. |
| 1:13.9 | You wouldn't believe how many people I have come on here that are like using their Android phone that has a dead battery on it, you know? |
| 1:19.9 | Absolutely. |
| 1:20.7 | I love that you take it seriously. |
| 1:21.9 | So, Joseph, tell me about yourself, bro. |
| 1:24.3 | Have you been doing creative deals since birth or like, how did the, how did this |
| 1:28.2 | journey start, dude? So I started in sub two about four months ago, believe it or not. And that's |
... |
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