Wrap: Buy using seller finance and sell using seller finance. A wrap is when you merge the two loans into one. The difference in the payment amounts is profit to you.
I am from Kenya and OMG!!! I going through the masterclass as well as different videos on y'alls channels and you cannot begin how much you've opened my eyes as a single mum. I've always worked with clients from USA as a freelancer but this right here, the knowledge you guys are putting out, is going to change so much for me and my kids. I can apply this concepts here and simply change our lives in the long run. Thank you so much for the good work you are doing
I literally watched this entire series today. It’s absolutely incredible!! Pace and Jerry you both are Geniuses!! My future self is thanking you for all the money I am going to make 😁😁
Wrap: Wrapping new debt (with new terms) on a property that already has existing debt (with existing terms), and profiting from the "spread" between the two debts and the two sets of terms. That's about all I got as far as explaining it in a single sentence 😂 (which probably still isn't super clear). Honestly, the best way to understand it is to just look at an example of it being done. Great video here guys! Love learning from you both as always! 😊
I LOVE this very helpful series you guys are doing together! Thank you for breaking down some of these challenging concepts into deep, broad-dive explanations with real-life examples so we can start "wrapping" our heads around all of this. Thank you! Keep doing these please!
I love all of this! That said, we kinda got off the wrap subject for most of it…and didn’t really go into the weeds on structure and actually HOW to do them. Definitely need 2.0 at a minimum.
⭐️Another way👉 to think 🤔 of a wrap is similar to what a car 🚘 dealer does in the F&I office. Consider “Buy Rate” & “Sell Rate”. You are exited 🤗in buying your next vehicle and they run your credit to see what loans from various lenders you qualify for. 👍 The dealer makes a spread from the interest portion from what the dealer acquired the loan for and what they turn around and sell you the customer for.
hahah Im a hispanic realtor in texas and ALLLLLL the people that contact me are in the penalty box. No social security number, self employed, unable to qualify for a loan, and its been hard for me to close deals like that. Now with this knowledge I can be the BRIDGE between both worlds... being the subject-to buyer and SELL those houses on a WRAP. I still have a lot to learn though
we need a play book to refer to when we get "Stuck" to get thru and close the deals. What these modules are missing is a showing how you do these deals from start to finish, not leaving anything out. Because as good as all of this info is, we still cant just go out an do it because we are missing the "glue that holds the bricks together" or behind the scenes paperwork etc
Hi Ben!! A Wrap is basically layering what you already have in place with your seller with your own terms to make a profit in the middle or on top I guess you'd say.. Love a 2.0 Lets Goooooooo!!!! 😎🥳🤯
You two are a God send!!!! Question 2, on the examples of a wrap for the camera equipment (and other mobile assets like the seller finance of the F150) how do you protect yourself from the buyer taking off with your camera equipment and/or maintaining payments? Question 2, for real estate, again for protection, if you seller finance to a buyer and they default, do you have to go through a special eviction process if the put a renter in your property? Is the documentation process for reverting everything back to you difficult, time intensive, and expensive?
Purchase property sub to. List that property for more because of your flexibility and willingness for creative finance. Difference in your payment to the original seller is profit.
At minute 4:05 I don't understand the illegal aspect of your example. Is it because you are borrowing from a hard money lender instead of Subject To the homes traditional financing? Briefly after you explained why a hard money loan does not make sense but not why it is illegal.
I am so grateful to you both for sharing your amazing knowledge and for your abundance mindset - understanding that there is enough wealth for everyone as demonstrated by how you both share knowledge. You absolutely don't have to but that tells me what good hearts you both have. God bless ❤
Yes they are. I also went and got licensed. It’s just the part most people don’t learn well because the teacher doesn’t hammer home because they don’t want to take the time
Man thank you Jerry and Pace!! You guys are the best and I’m learning so much from you guys that realtors, hard money lenders and escrow agents that have been real estate for many years doesn’t know about creative finance but when most of them like the idea and say that’s actually really fair and awesome! We want a live quarterly bros 🤙🏽😎🏡
this is amazing!!!! thanks you guys, I'm just getting into the game and I'm about to go look at a property that's not on the market that needs a lot of updates inside and now I'm wondering how I should purchase this property. if I buy it from the owner, then I turn around fix it and finance it to someone else with interest rate and higher monthly payment. wish I can talk to one of you personally for some advice, its my first deal
My simple explanation of a wrap... I have financing and terms in place on an asset. I then "wrap" that financing and those terms with completely separate financing and terms that I then execute with an end buyer/borrower.
That is so true we don't like to buy with credit or bank! I had worked with some that payed them houses in cash, and some of my family members pay their cars with cash too
Okay it seems like a wrap is repackaging a present that’s beneficial to both the buyer and the seller. Seller benefits because he can gain more from the spread of the interest rates. So if he had a 100k at 3% and 50 at 4%, he can wrap it into a 150 at 8% and make the difference as his net profit. And for the buyer, they don’t have to go out and get qualified for a loan, because sometimes people can get approved for a loan or have lots of cash that’s not registered as income. So they can “afford it” but can’t get “approved” because it’s not recorded as taxable income that allows the banks to be like “okay you qualify cause you make more than the monthly payment.” So both parties can benefit.
What is a subordination? What are your suggestions for qualifying a person for the wrap? What if the end buyer defaults/stops paying for the wrap? Lets do Wrap 2.0; 3.0 Thank you Tyler/Ben!
My wrap explanation. I own a house and have a mortgage loan. I sell the house to you and wrap my mortgage loan in more interest so that you pay me more than I owe on my mortgage loan. This makes the deal work so that I earn money on the extra interest and it works for you because you don’t have to deal with a bank and strict qualification rules.
Jerry, Would love to see another video on dealing with objections questions, problems people are bringing up. Q: if aquired on subto, dispo as a wrap who would be named on insurance since the wrap buyer and subto seller would never meet since your the middleman. The wrap buyer wouldn't list someone they never met (loan owner) on their own insurance. Right?
Hey Jerry I highly respect everything you and Pace give out for free. First question is what is subordination? Second question, I'm about to purchase your 100 percent funding system for double closes. Does it cover on market deals as well? I don't see why it would not since realtor fees usually come from the seller I just want to make sure.
Subordination - taking a lessor rank, position. This occurs when people are refinancing, having 2 loans, 80/20. Lien positions determine who gets paid first in the case of a foreclosure or payoff. A homeowner have 2 loans, 80/20. They want to refinance their 1st loan to get a lower interest rate with a new bank. The new bank will pay off the old bank with the 80% loan but keep their 20% loan because it's interest only line of equity loan. The 20% lender will move up to 1st lien position. However, the new bank loaning the 80% wants to be in 1st lien position. So the 20% lender will have to agree and subordinate.
so wrap is sort of like arbitrage? in the sense where you make a contract with a seller & get a buyer to pay double or more with the difference that you can actually own this asset?
Wrap: Buy using seller finance and sell using seller finance. A wrap is when you merge the two loans into one. The difference in the payment amounts is profit to you.
Simply said, thank you!
You guys are like the dream team of real estate! Please keep expanding
Wrap 2.0!!!!! This is GREAT! Thank you both, God bless!
I am from Kenya and OMG!!! I going through the masterclass as well as different videos on y'alls channels and you cannot begin how much you've opened my eyes as a single mum. I've always worked with clients from USA as a freelancer but this right here, the knowledge you guys are putting out, is going to change so much for me and my kids. I can apply this concepts here and simply change our lives in the long run. Thank you so much for the good work you are doing
Good luck and much success
Yes to whiteboard video explaining wraps, subto deals, and other creative financing types.
Hi Ben! 😂
Great talk. What is subordination?
I literally watched this entire series today. It’s absolutely incredible!! Pace and Jerry you both are Geniuses!! My future self is thanking you for all the money I am going to make 😁😁
Thank y'all with the hook up !!💯💯 Best free course out rn
Wrap: Wrapping new debt (with new terms) on a property that already has existing debt (with existing terms), and profiting from the "spread" between the two debts and the two sets of terms.
That's about all I got as far as explaining it in a single sentence 😂 (which probably still isn't super clear).
Honestly, the best way to understand it is to just look at an example of it being done.
Great video here guys! Love learning from you both as always! 😊
This was very high level. I would love to see a continued video
So grateful for this video series and all the value you guys give freely! Truly appreciate it!🙏🏼🙏🏼 so in depth and so much to learn from every video!
I LOVE this very helpful series you guys are doing together! Thank you for breaking down some of these challenging concepts into deep, broad-dive explanations with real-life examples so we can start "wrapping" our heads around all of this. Thank you! Keep doing these please!
My Courage To Do This Business Is Only Thanks To These Two Real estate PRO'S.! These Jem's 💎Are Worth ("Thousands"!!) LET'S ALL GET TO THE BAG..💰👈🏽
They cold, 🥶
Yes please more videos on wrap. I’m loving it I’m so hungry
Love the colab with pace if you guys can go a little bit in detail that would be really helpful thanks
I love all of this! That said, we kinda got off the wrap subject for most of it…and didn’t really go into the weeds on structure and actually HOW to do them.
Definitely need 2.0 at a minimum.
Whoah the edit at 3:15 was fun! Awesome!
Wraps definition. Easy and smart.
Thank you, guys, for all that knowledge you've given us
Yesss! More masterclasses! 1-10 was amazing!
⭐️Another way👉 to think 🤔 of a wrap is similar to what a car 🚘 dealer does in the F&I office. Consider “Buy Rate” & “Sell Rate”. You are exited 🤗in buying your next vehicle and they run your credit to see what loans from various lenders you qualify for. 👍 The dealer makes a spread from the interest portion from what the dealer acquired the loan for and what they turn around and sell you the customer for.
Amazing collaboration gents! You guys rock! Thank you for yhe help!!!
WOW. This is so POWERFUL information , that is worth more than gold.
This is a true mastermind class thanks to both of you.
hahah Im a hispanic realtor in texas and ALLLLLL the people that contact me are in the penalty box. No social security number, self employed, unable to qualify for a loan, and its been hard for me to close deals like that. Now with this knowledge I can be the BRIDGE between both worlds... being the subject-to buyer and SELL those houses on a WRAP. I still have a lot to learn though
we need a play book to refer to when we get "Stuck" to get thru and close the deals. What these modules are missing is a showing how you do these deals from start to finish, not leaving anything out. Because as good as all of this info is, we still cant just go out an do it because we are missing the "glue that holds the bricks together" or behind the scenes paperwork etc
Hi Ben!! A Wrap is basically layering what you already have in place with your seller with your own terms to make a profit in the middle or on top I guess you'd say.. Love a 2.0 Lets Goooooooo!!!! 😎🥳🤯
I just finished the playlist and you just posted part 11. Great Timing!
Are you traveling from Puerto Rico 🇵🇷 to mane this show jerry?
Yes!
You two are the best colab in the biz!
You two are a God send!!!!
Question 2, on the examples of a wrap for the camera equipment (and other mobile assets like the seller finance of the F150) how do you protect yourself from the buyer taking off with your camera equipment and/or maintaining payments?
Question 2, for real estate, again for protection, if you seller finance to a buyer and they default, do you have to go through a special eviction process if the put a renter in your property? Is the documentation process for reverting everything back to you difficult, time intensive, and expensive?
Wao. You both are the geniuses. Thank you so much. A ton of value
Yes please!
Great video love it ❤️ Please do a video for note next time! can’t wait to watch it 😊
Definitely need a breakdown! Would love a breakdown of each of the creative finance strategies.
So excited for my next sub2. And man, do I get it. Penalty box biz owner here!
South Texas, dueño a dueño!
Oh yeah baby, that's what i said when i saw this video on my feed. Thx guys
❤This so good, I’m binging today on you and Pace!
jerry you always done over the top work when it comes to real estate, when i get my first deal i want to be on your show thanks again
My top 2 favorite channels to watch hands down
Thank you both for these
The two GOATs 💪⚡️🤙 LFG
WRAPS 2.0, 3.0 & 4.0!!!
Purchase property sub to. List that property for more because of your flexibility and willingness for creative finance. Difference in your payment to the original seller is profit.
Hey Ben, Yessss…Pace thank you for the camera analogy, I’m selling my camera equipment now….WRAP IT!!!🤣
Pace & Jerry Wrap 2.0🔥🔥🔥
At minute 4:05 I don't understand the illegal aspect of your example. Is it because you are borrowing from a hard money lender instead of Subject To the homes traditional financing? Briefly after you explained why a hard money loan does not make sense but not why it is illegal.
You can’t wrap an interest only loan with an amortized loan
This is definitely uping my game now! Thanks for the value!
I am so grateful to you both for sharing your amazing knowledge and for your abundance mindset - understanding that there is enough wealth for everyone as demonstrated by how you both share knowledge. You absolutely don't have to but that tells me what good hearts you both have. God bless ❤
land contracts are not taught in a traditional realtor class. Possibly in commercial real estate class.
Yes they are. I also went and got licensed. It’s just the part most people don’t learn well because the teacher doesn’t hammer home because they don’t want to take the time
Such an awesome discussion thank you guys!!
Yes please more videos on how to structure wraps... Thank you kindly
Please give us more on wraps 31:44 ❤
Man thank you Jerry and Pace!! You guys are the best and I’m learning so much from you guys that realtors, hard money lenders and escrow agents that have been real estate for many years doesn’t know about creative finance but when most of them like the idea and say that’s actually really fair and awesome! We want a live quarterly bros 🤙🏽😎🏡
Absolutely love that you guy’s do this lol I don’t even know where to start but I feel like I have been wasting my time at the 9-5 lol
Please more wrap videos for sure and whiteboard details on an actual deal.
incredible info thank you gentlemen
This is great info!!! Thank you!! Now to action this info.
this is amazing!!!! thanks you guys, I'm just getting into the game and I'm about to go look at a property that's not on the market that needs a lot of updates inside and now I'm wondering how I should purchase this property. if I buy it from the owner, then I turn around fix it and finance it to someone else with interest rate and higher monthly payment. wish I can talk to one of you personally for some advice, its my first deal
Fasttrackwithjerry.com
My simple explanation of a wrap...
I have financing and terms in place on an asset. I then "wrap" that financing and those terms with completely separate financing and terms that I then execute with an end buyer/borrower.
This may be what I need!! I need someone to buy my house and sell it to me on a wrap!!!
Me too!! Great question!
I want more episodes on wraps please 🙏🏼
That is so true we don't like to buy with credit or bank! I had worked with some that payed them houses in cash, and some of my family members pay their cars with cash too
Yes!! Would love to hear more about wraps
As many stories as you guys can tell, keep breaking it down for us
I need a Pace and Jerry Wrap album 💿 👏🏼👏🏼🔥
Okay it seems like a wrap is repackaging a present that’s beneficial to both the buyer and the seller. Seller benefits because he can gain more from the spread of the interest rates. So if he had a 100k at 3% and 50 at 4%, he can wrap it into a 150 at 8% and make the difference as his net profit. And for the buyer, they don’t have to go out and get qualified for a loan, because sometimes people can get approved for a loan or have lots of cash that’s not registered as income. So they can “afford it” but can’t get “approved” because it’s not recorded as taxable income that allows the banks to be like “okay you qualify cause you make more than the monthly payment.” So both parties can benefit.
I learn so much from these two
31:38 min
Ben. You're the man!
Wrap deals on whiteboard please! I understand it as buying a loan(subto?) then turning around and reselling it at a higher rate.
What is a subordination?
What are your suggestions for qualifying a person for the wrap?
What if the end buyer defaults/stops paying for the wrap?
Lets do Wrap 2.0; 3.0
Thank you Tyler/Ben!
The GOAT'S!!!!🥹🥹🥹
Thank you guys so much for the knowledge. Taking it all in and putting it to work soon. That way I have some cash to get into a mentorship. Let's go!
Gods at work!!!!
Show me the wrapping paper!! More wraps! 👏🏼👏🏼 🔥
Phenomenal Content!
My wrap explanation. I own a house and have a mortgage loan. I sell the house to you and wrap my mortgage loan in more interest so that you pay me more than I owe on my mortgage loan. This makes the deal work so that I earn money on the extra interest and it works for you because you don’t have to deal with a bank and strict qualification rules.
Bingo!
7:02 I see, its an M&A (Mergers and Acquitions) of deals.
i would like step by step video's from finding property to cashing check using all these strategies.
SUBSCRIBED
Jerry & Pace do some LIVES 🦎 🦎
Thank you 😊 thank you
QUESTION: Who/ how do you merge the loans, paperwork-wise? Does the title company do it? The servicing company? You? How? Thank you!!
Please keep teaching.
Jerry, Would love to see another video on dealing with objections questions, problems people are bringing up.
Q: if aquired on subto, dispo as a wrap who would be named on insurance since the wrap buyer and subto seller would never meet since your the middleman. The wrap buyer wouldn't list someone they never met (loan owner) on their own insurance. Right?
Absolutely!! Would love that!
Mindblown🤯🤯
Thank you for all the information!
Wrap 2.0 🔥🔥
Great quality video 👍👍👍
Excellent content, smh just wow!
Hi Ben!!!
Great information, thank you for all you do.
Jerry pace yes more videos on wrap please. 🙏
🎉please add more on Wraps!
Hey Jerry I highly respect everything you and Pace give out for free. First question is what is subordination? Second question, I'm about to purchase your 100 percent funding system for double closes. Does it cover on market deals as well? I don't see why it would not since realtor fees usually come from the seller I just want to make sure.
Subordination - taking a lessor rank, position. This occurs when people are refinancing, having 2 loans, 80/20. Lien positions determine who gets paid first in the case of a foreclosure or payoff. A homeowner have 2 loans, 80/20. They want to refinance their 1st loan to get a lower interest rate with a new bank. The new bank will pay off the old bank with the 80% loan but keep their 20% loan because it's interest only line of equity loan. The 20% lender will move up to 1st lien position. However, the new bank loaning the 80% wants to be in 1st lien position. So the 20% lender will have to agree and subordinate.
so wrap is sort of like arbitrage? in the sense where you make a contract with a seller & get a buyer to pay double or more with the difference that you can actually own this asset?
Pace is super human
thank you so much guys ! this is epic
I would like to see a wrap done.
HI BEN !!!! CAMERA BAD ASS!!!