Solving Real Estate Agent Problems | Live Seller Call
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- Опубликовано: 16 окт 2024
- “Hey what’s our next steps?” There are a ton of steps with certain creative deals - especially when subject to is involved (and realtors) - so this is a full breakdown on a non-traditional real estate deal. Take a look and take notes!
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🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 RUclips video for entertainment purposes ONLY ❎
I sold my house subject to in Texas and the buyer came through for me and did EVERYTHING PACE IS TALKING ABOUT - the buyer PAID ON TIME - MY CREDIT GOT BETTER, the buyer REFINANCED in like 12 months and PAID OFF MY MORTGAGE… somehow the buyer found renters that paid consistently and I almost forgot about the house like Pace said. Now I want to learn this disposition and become an investor!
Yes! 🔥
Yessssss. Thank you for sharing.
@robertmorgan2219 I'm a Transaction Coordinator, as you start to invest, let me know if you need a TC for your deals.
Nice work again!
Thank you! Cheers!
If you really want to excel at seller financing and subject to just listen to Pace's videos and become an EXPERT!!. He always comes across as knowledgeable and confident. He sounds like an expert. Very smooth and matter of fact. You come away trusting him implicitly. There's no reason why any one of us cannot attain this level of expertise as long as we put in the work!!
Brilliant! Easy to see why you close so many SubTo deals based on how well you explain to the sellers details of the process along with possible issues and their solutions. Amazing insight combined with personal touch of patience and care explaining how the deal will go down. Many thanks Pace!
Hello @maxamdesign. Are you looking to close subto transactions? If so, I'm a TC, I can help you if and when you need it.
I love this call! Pace you explained everything I needed yo know in this one phone call 🙌🏽🙏🏽💪🏽 the go giver method all over this call. Being genuine and transparent always is the best policy 🙌🏽💪🏽
Transaction coordinators are so valuable!
@randaloopy I am a transaction coordinator and would love to help you on any future deals.
After watching many of these (HUGE THANK YOU TO PACE AND TEAM BTW) There is a clear process and the questions the agent or the seller ask are almost the same on every call.
Being able to clearly explain and answer all questions and answer questions they may not even know theu have only strengthens your position to help the seller and get the house.
Hey @zerotodeal. Are you buying subto deals? I'm a TC. Let me know how I can help.
Thank you for all of your videos they just provide a wealth of valuable information but I have a favor to ask. Could you please do a video on some of those exit strategies that you talk about like traveling nurses, corporate housing, airline pilots and the insurance companies putting people in short term. Thank you in advance
Educating the seller and agent is just like teaching a zoom class
Love it! Great stuff, Pace, thank you.
I get the the process, and the question I have is , what clauses are in contract or what to do if I can’t find a buyer? Have you discussed that yet?
I was listening to Jesse Vazquez on Bigger Pockets about 7-10 days ago. He rents to traveling nurses. Only thing he doesn't do the same is the Subto
I really really wish there was a Pace Morby of Canada. Information/support just isn't as readily available in Canada as it is in U.S. imo. Nonetheless, been watching and learning about Creative Financing tremendously. Amazing amazing value!
His partner Jamil is from Canada and started there.
@@MoDizzle08 Oh!! I didn't know this. Will look into this more. Thanks!
Answered a lot of my questions.
Hey @StrugeLabs. I'm a TC. Let me know if you need any help in the future.
You're so good at explaining things, Pace ... And it's awesome that you bring up things sellers aren't even thinking about. You're a fantastic communicator, sir. Thanks for these videos, brother!
I appreciate that!
Hey pace, I thought it was 75% DTI wipe off. Then after a year it's 100%?
Interesting video. Pace I understand that some of your students are agents but for someone starting out, how can I market to real estate agents. I would be focusing on newer homes with zero equity. thanks
Lead with the value you can provide, like selling properties with too high a price tag to move on MLS, a cut of the deal if you close on foreclosures from lists the agent provides, listing a house with them if you ever move into fix and flip. Then build a relationship based on the value you can provide each other!
Pace can you do this or seller financing on self serve carwashes?
How to go about finding An agent to buy a property subject to like Ryan? For example in Miami?
can we do this in New York as an agent
What happens if the original lender calls the mortgage due since most don't allow subject to or wrapped mortgages? Do you provide the funds to pay off immediately?
We typically work with the bank. I have a playlist about it called "Due On Sale" check it out.
What happens if say after u put out refurb and resell but the market has gone down how do u navigate this?
Where could I get a transaction coordinator? Title company?? Please help
Rachelle Davis constant close is her company. Cool company
SUBTO in TX I find to be a tad bit more challenging.
Why?
You the man! ✌🏼
Quick question, what’s in it for the agent that assists in a sub2 or seller finance deal since no commissions are being paid? Is it just potential future clients?
If you head over to my Facebook Group - paceapproves.com/communityfbc and ask this same question, I bet you'll get a lot of feedback. We have over 80k+ people in that group and my Mastermind Subto Students who I mentor are in there helping out. Join us!
The buyer offers to pay their commission
@@allenfoster1591that part.. thanks
Amazing Pace,
Helping others get what they need…! Isn’t that what its about
How do you refinance a mortgage that's in someone else's name?
What was the loan servicing company that you use?
He said weststar loan servicing 🙂
How can find a transaction coordinator?
Rachell Davis. Constant close
@toni_yvette How have things been going since your last post? I'm looking for someone needing my help. I am a transaction coordinator and would love to help you in any way I can.
Have any agents or people that could work with me as a buyer in the northern VA area? Looking to find sub-tos or FHA/VA loan assumption
I can help
I wish I could join but $8000 for the mentorship is far from me. I would have to save every month until I can buy in.
Word.......!
Can we get more like this please
Hey @Brianv6691. I'm a TC. Let me know how I can help.
If you take over a mortgage and the person dies, what happens next?
Goated 🐐
How do I find these companies that rent out for insurance?
You should clarify more on what you mean
@@JoeGlascockJr How do I find insurance companies that place displaced homeowners/renters in other homes? I would like to offer my rental space for that kind of situation.
Call companies such as: All estate, state farm, etc
Why did she want to sell?
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They aren’t going with someone else! After that no way lol!
This guy never answers a question, when you have confidence and rapport built you don't need to go off subject when someone ask a question. Some people don't have patience
👍😳😳
I still don't understand in this particular example how the seller benefits at all? Why would she not just sell with a traditional relator so she actually makes a profit? I understand the concept from Pace, but only possible way it would make any sense at all for seller to part ways if they OWE more money on the house than its worth. It seems PACE essentially gets this house for free and just takes over the mortgage then when he decides to sell he keeps all profit.
I think that the owner that goes this route is because it didn't sale when in sale in the 6 monthes or the # just didn't make sense so as last resort then the process is a piece of cake so owner is so is relief & thankful that they wonder where were you months ago. But even if they would have heard of this in the beginning they wouldn't of entertain this idea so yes they almost have to go through that to get it!
I believe they confirmed that there is no equity in the deal. Sounds like an underwater mortgage.
Seems like she is in negative equity, and is continue to pay for mortgage which she feels it’s a burden for her. If she sells, she prob has to pay back the bank? (Not sure how it works in the US)
Seems like she is in negative equity, and is continue to pay for mortgage which she feels it’s a burden for her. If she sells, she prob has to pay back the bank the difference… (Not sure how it works in the US)
Seems like she is in negative equity, and is continue to pay for mortgage which she feels it’s a burden for her. If she sells, she prob has to pay back the bank the difference… (Not sure how it works in the US)
💜💜💜