This is Why Sellers Sell Via Subject To/Seller Finance | Subto Show
Wholesale Hotline | Brent Daniels
Wholesale Hotline
4.9 β’ 586 Ratings
ποΈ 30 August 2024
β±οΈ 12 minutes
ποΈ Recording | iTunes | RSS
π§ΎοΈ Download transcript
Summary
In today's Wholesale Hotline (Subto Edition) Pace Morby is back with a different kind of episode -- he's here to talk about the RISKS with subto.
Show notes -- in this episode we'll cover:
- Pace is THE subto guy -- but are there risks?
- Pace breaks down the risks with subto and what to watch out for.
- How to prepare for these risks and mitigate for them.
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π§π§π§ DISCLAIMER π§π§π§
β 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 β
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 |
| 0:19.2 | 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. |
| 0:39.3 | Enjoy today's episode. |
| 0:45.3 | Why would a seller sell their house to you subject to or with seller finance or maybe one of the other creative finance strategies that we've perfected over the last 10 years, lease option, wraps, novation agreements, Morby method, things of that nature. Why would |
| 0:59.6 | they sell their house to use subject too? I mean, after all, they're keeping the mortgage in their |
| 1:04.1 | name. There's still some liability intact. So, unfortunately, my whiteboard is way too small |
| 1:10.4 | for this because there are literally hundreds of reasons why a seller will sell to you subject two. |
| 1:15.4 | Let's go through subject two reasons. |
| 1:17.5 | Now, I want you guys to remember a couple of things. |
| 1:19.9 | Number one, subject two and seller finance are dramatically different. |
| 1:25.4 | There are different structures and these are completely different sellers. |
| 1:29.4 | The seller who is selling their house to you subject to has completely different reasons |
| 1:34.1 | and different motivations than the seller who is selling via seller finance. Typically a seller that is |
| 1:40.2 | selling via subject two has pain. Typically a seller who is selling on Subject 2 has pain. |
| 1:44.2 | Typically, a seller who is selling on seller finance |
| 1:47.2 | has a desire for gain. |
... |
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