Seller Financing Vs Subto EXPLAINED | Subto Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 9 February 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
On today's Wholesale Hotline Podcast (Subto Edition), Pace Morby explains the difference between seller finance and subto with one of his best analogies yet.
Show notes:
- Seller finance vs subto explained.
- Pace explains seller financing to a child (using cookies).
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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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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
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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 |
| 0:08.6 | to get 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. And 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. |
| 0:39.2 | Enjoy today's episode. |
| 0:45.5 | What can you and can you not do with Creative Finance? |
| 0:49.5 | Sully, who is Latte's and Leases on Instagram, invited me into her private community |
| 0:56.0 | to teach creative finance and talk about what can you and can you not do? |
| 1:00.0 | Man, it took a turn that you wouldn't believe I did the first creative finance deal |
| 1:05.0 | I've ever done with baked goods. |
| 1:08.0 | I hope you enjoy this because I promise you. It's one of these epiphany |
| 1:12.4 | where everybody that was in the Zoom just goes, oh my gosh, I now understand it. So if you were |
| 1:17.1 | having a hard time understanding creative finance, take out your notes. |
| 1:20.3 | Do you know the difference between seller finance and subject two? |
| 1:25.2 | Seller finance is when the seller takes it over. Subject two. The seller is, seller is when the seller takes it over subject to the seller is |
| 1:30.3 | seller is when the seller owes zero debt on the property that I'm buying and we create a new debt |
| 1:36.3 | between me and that seller there's four there's four terms I want you I want you guys to |
| 1:41.3 | pay attention to this there's four terms okay Br, if you do not send me a bot, |
... |
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