Subto Deal Break Down with Pace Morby | Subto Breakout
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 • 586 Ratings
🗓️ 18 February 2022
⏱️ 9 minutes
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Summary
Pace is going over breaking down a deal of a Subto! Check this out!
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Transcript
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| 0:00.0 | We are going to talk about a deal breakdown, a deal that I'm currently in the middle of right now. I've got a sub two deal in Atlanta, Georgia. Subject two, I'm going to tell you the majority of the people that are selling to you and subject to are either, A, they're lacking equity. B, they are in a painful situation. They need to let go of the property and I tell it to another location. They don't have |
| 0:21.0 | equity. They don't have time or they are behind on payments. I want to talk about how I'm |
| 0:27.5 | funding the deal, the number is behind the deal, what I'm going to do with the deal, |
| 0:32.5 | and any other question you guys might have along the way. In a magical world, the world that I |
| 0:37.3 | magically live in, |
| 0:38.1 | we manifested a deal with a gentleman out of Atlanta. His name is Jamari. And we're going to end up |
| 0:44.1 | having Jamari on Sunday service here, probably in 30 days once we close escrow and I get things up and |
| 0:49.0 | going. Jamari sends me a DM on Instagram. So if you guys need help on Instagram, please DM me. |
| 0:53.9 | I gave him my email address. He then sends me all the details. As So if you guys need help on Instagram, please DM me. I gave him my |
| 0:54.5 | email address. He then sends me all the details. As I told Jamari in the text message, I said, |
| 0:59.0 | get me on the phone with the seller so I can actually get the seller under contract. I recorded that |
| 1:03.6 | seller call and I gave it to my students. It's a 45 minute call. Jamari ends up following up |
| 1:09.3 | with the seller every single week. The only person that |
| 1:14.1 | actually called Trevious longer than two weeks was Jamari. So the seller's getting foreclosed on |
| 1:20.6 | by February 2nd. Gorgeous, gorgeous house. It's a five-bed, five-bath house. This seller is a |
| 1:27.1 | realtor herself. She said, I don't have time. |
| 1:29.5 | I don't have the energy for it. I know what subject to is. I totally understand what you're doing. |
| 1:34.8 | Take over my property. The numbers on the deal is the seller's currently behind $41,000. |
| 1:41.3 | I'm going to catch up those mortgage payments before I close escrow. |
| 1:45.0 | And people that are learning subject to in seller finance, they worry about that, right? |
| 1:49.0 | Because I'm brand new. How am I going to do that? |
| 1:51.0 | I don't have $41,000 to catch up their arrear. |
... |
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