Thank you for the valuable content. It was a simple and straightforward interview than a "hey look how a 22 yr old makes money!" I especially liked your interview approach. Thanks Justin.
Great question; He’s wholesaling the entry fee solely. If $10,000 went to seller, 3% to agent, he would add his fee there and assign it to guys like Pace Morby or other creative investors who want the deal. So the entry fee for the other investor would be responsible for Kevin Choe’s assignment fee, the agent’s commission, and the cash to seller. Most creative finance investors aim for 10-15% entry fee with an interest rate on the property below 5%. Every investor is different tho! Good luck!
Pace is out of pocket 40k on the deal, and nets about 8k a year, which is 20% ROI. It's good, but there's still no equity, which means he really can't sell or he might have to come out of pocket a little bit. There's 20% ROI deals all day long with equity, so I don't see why sub-to is an advantage over traditional methods of acquiring investment real estate.
Love Kevin Choe👍🏾
Thanks for sharing!
Thank you for the valuable content. It was a simple and straightforward interview than a "hey look how a 22 yr old makes money!" I especially liked your interview approach. Thanks Justin.
Nice. Real jewels 💎
💯🔥shoutout Kevin for dropping some gems
LOVE THISSS
Great content
Thx
Appreciate you watching! What was your favorite part?
Great video
how does he wholesale the deal after if hes in a sub to loan for retail price??
Good question, one that I would like to know too!!
Great question; He’s wholesaling the entry fee solely.
If $10,000 went to seller, 3% to agent, he would add his fee there and assign it to guys like Pace Morby or other creative investors who want the deal.
So the entry fee for the other investor would be responsible for Kevin Choe’s assignment fee, the agent’s commission, and the cash to seller. Most creative finance investors aim for 10-15% entry fee with an interest rate on the property below 5%.
Every investor is different tho! Good luck!
Nuggets
15:28
You should do the intro for your guest I think it’s more polite and professional.. but don’t listen to me it’s just my two. Cents.
Pace is out of pocket 40k on the deal, and nets about 8k a year, which is 20% ROI. It's good, but there's still no equity, which means he really can't sell or he might have to come out of pocket a little bit. There's 20% ROI deals all day long with equity, so I don't see why sub-to is an advantage over traditional methods of acquiring investment real estate.
Aren't you missing the note interest rate and the pay down on the loan. Pace is probably keeping it.