Great video, lot's of learning moments (even for the agents ;-)) What I love about Sub-to is how many problems it can solve and is likely the most abundant type of deals you'll come across as an investor... if you actually know what the heck you're doing. Most deals will be novations and sub-to you'll come across... below market deals are fugazi and literally like finding needles in haystacks, whereas these types of deals will literally fall on your lap!
So, in this situation, would you offer them a subto and then just make sure the cash you give them straight away covers their downpayment on the new house they want to buy? Then you could work on giving them installment payments out of your cash flow up until the time when you can refinance and get them the rest of their equity in the home?
What about the money she needs to put down on the new house. Since you’re not giving them their equity it kind of put a hall on buying a new house. Maybe the payments are too too high without the down payment. No 20% down you have to pay mortgage insurance.
Yeah, I disagree on some of the motives from everybody. These people needed their equity to make the down payment on the new house. A higher payment and Mortgage insurance Is what eventually would happen. What if they don’t have excellent credit and they really needed that down payment. Using creative finance on this one you better be a creative Wizard.
@@PaceMorbybeen a member some time, post there and msg a couple of AZ members there, just saw this post by PM and posted our buy box and exactly where our target sub market is. ASU Mesa Poly campus.
Great video, but another reason most Realtors are whack. She wants her AND her daughter to get paid. That's greedy. "Co-listing agent" what a bunch of 💩
This is why this deal won't work. Seller should demand sub2 contract contingent on new lender counting your [Pace's] upcoming payments on existing loan as income for seller, because new lender will require at least 6 months seasoning proof of payments. Also may not comply with Dodd-Frank legislation.
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Wow, I love watching this. I wished my wife would get on board so we could make things happen.
Keep trying man! You got this!
Great video, lot's of learning moments (even for the agents ;-)) What I love about Sub-to is how many problems it can solve and is likely the most abundant type of deals you'll come across as an investor... if you actually know what the heck you're doing. Most deals will be novations and sub-to you'll come across... below market deals are fugazi and literally like finding needles in haystacks, whereas these types of deals will literally fall on your lap!
Love it! Even for the agents haha
❤ so amazing light bulb moments going on here in understanding Sub-To Transaction better, Very Helpful....Thank you Pace!!!!
Furthermore, how much EMD did they walk from?
Pace - “I would take their dog!” 😂😂🤣
Irrelevant really but probably 1500
I will await for next Video 😊❤😊❤
Great work Alex Keene!!
Hi I am new to the channel I want to learn how to get into this field always wanted to get into this but never knew how too
So, in this situation, would you offer them a subto and then just make sure the cash you give them straight away covers their downpayment on the new house they want to buy?
Then you could work on giving them installment payments out of your cash flow up until the time when you can refinance and get them the rest of their equity in the home?
I thought this was giving us the update. I watched it live.
What about the money she needs to put down on the new house. Since you’re not giving them their equity it kind of put a hall on buying a new house. Maybe the payments are too too high without the down payment. No 20% down you have to pay mortgage insurance.
Yeah, I disagree on some of the motives from everybody. These people needed their equity to make the down payment on the new house. A higher payment and Mortgage insurance Is what eventually would happen. What if they don’t have excellent credit and they really needed that down payment. Using creative finance on this one you better be a creative Wizard.
Is the part 2
I remember this zoom
I’m looking for a subto or creative deal near ASU Polytechnic Campus in Mesa Arizona. Any subto folks with a real deal or lead.
Link up in the free FB group, that's where you'll find people in your market paceapproves.com/communityytc
@@PaceMorbybeen a member some time, post there and msg a couple of AZ members there, just saw this post by PM and posted our buy box and exactly where our target sub market is. ASU Mesa Poly campus.
Great video, but another reason most Realtors are whack. She wants her AND her daughter to get paid. That's greedy. "Co-listing agent" what a bunch of 💩
This guy has a slick mouth
So what happen with this? Who locked it up?
Who is Alex? I must be missing something haha
She's on my social media team!
My weirdo friend named Pacer😂😂😂
This is why this deal won't work. Seller should demand sub2 contract contingent on new lender counting your [Pace's] upcoming payments on existing loan as income for seller, because new lender will require at least 6 months seasoning proof of payments. Also may not comply with Dodd-Frank legislation.
Subto means there is no new lender. That's the point, securing the original mortgage rate.
I'm new, define sub2
Watch a video on it
ruclips.net/video/Hduci-UsS30/видео.htmlfeature=shared