I would take the subject to deal and do a Lease to own and collect the the monthly income for 2 or 3 years. This one looks clean as concerning repairs.
Wow! Thanks, Kris! This is SO helpful! Obviously an experienced investor has more cushion to make a deal like this. If you get in there and update it right away, and it sells right away, looks like you get an roi that maybe isn't much, but not bad. Good enough. I'd say it hinges on those other two factors of the solar and the seller. Probably not too shabby!
Sometimes we try to make deals work that aren't home runs, but we can get a base hit. The realtor has not returned my calls in a week, so looks like this one is dead.
Ok, thx for giving me this feedback. Perhaps we can bring on agents to give market updates?? I’m not involved in dealing w home buyers too much that want to owner occupy but I can put some effort into that 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Hey Kris. If I purchase my dream home with subject to , and let say the person with the loan somehow file for bankruptcy later on , while I’m still living in that house. What will be the situation for me then?
Why would you not offer a lower amount than they owned( a short sale)? Especially if you had the cash. I would bet a bank would look at that offer on something that was in a foreclosure moratorium anyway .
Well, the real estate agent said they attempted to do that with the lender a while back and the lender denied the discount. So consequently, we figured that was not an option currently. However, you know me, please tell me what you had in mind in this situation? I have to always keep in mind, “great deals are made they don’t like themselves“ I’m open😉😉. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
I hear u, sometimes we do deals that are not in our top best interests, but we make some money w little downside, I think I’ll only pay for repairs and leave the arrears in place. What Do u think about doing it that way??? 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Here’s the problem, I haven’t been able to get ANYTHING guaranteed in this biz. Now, I’d say when I get houses, I try to calculate the lowest income tenant possible because u never know how things can change per houses… I know people are getting destroyed from buying houses based on short term rental rent income and then city codes changed and they have to pivot. We have to be reasonable w all calculations 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
CMA= Comparative Market Analysis. A picture of other houses in the area. Preferably less than a mile to see how the subject house adds up to the others.
I would say you need to see the details of the solar contract. A lot of conventional banks don't want to deal with it which could affect your holding costs.
OK, I hear you on that, please tell me: 1. Why you don't like this deal and 2. What exactly would you do? 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Great video but I am confused. She said the moratorium pulled them out of foreclosure but that the moratorium will be over in May. When was this video made? I thought the moratorium ended Nov 30 2023 ?
Ok, so I’m just finding out about a nationwide moratorium on VA loans only. U can see it here news.va.gov/press-room/va-calls-on-mortgage-servicers-to-pause-foreclosures-of-va-guaranteed-loans-through-may-31-2024/ I had no idea this was even a thing until this deal. Goes to show u, I LOVE being a student, instead is a Knowitall. We get so much farther…. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
![State of Play | September 24, 2024 [ENGLISH]](http://i.ytimg.com/vi/fVs0suPHAX8/mqdefault.jpg)
This is a great video for people who don’t believe realtors actually work to see. She is great and is really invested in this and helping the client.
I would take the subject to deal and do a Lease to own and collect the the monthly income for 2 or 3 years. This one looks clean as concerning repairs.
Looking forward to an updated video on what you decided to do with this property.
Thanks!
Wow! Thanks, Kris! This is SO helpful!
Obviously an experienced investor has more cushion to make a deal like this. If you get in there and update it right away, and it sells right away, looks like you get an roi that maybe isn't much, but not bad.
Good enough.
I'd say it hinges on those other two factors of the solar and the seller. Probably not too shabby!
Sometimes we try to make deals work that aren't home runs, but we can get a base hit. The realtor has not returned my calls in a week, so looks like this one is dead.
Solar panels are tricky. Is it a lease or a power purchase agreement? I think I'll leave this one alone. There's not too much of a profit margin here.
The interaction between you and the lovely agent it's very good. I would like to see more agent discussions.
Ok, thx for giving me this feedback. Perhaps we can bring on agents to give market updates??
I’m not involved in dealing w home buyers too much that want to owner occupy but I can put some effort into that
👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
@@krishaskins Awesome
This was a great video.. very open I can tell tv it s was a real deal
I would buy this Subject 2
Hey Kris. If I purchase my dream home with subject to , and let say the person with the loan somehow file for bankruptcy later on , while I’m still living in that house. What will be the situation for me then?
Great question!!!
If you think you have a sizeable window before the sale date... Go for it!
I maybe pass 😬
When we purchase the lead generator is it a one time fee?
I believe panels might not be assumable depending who is bank they finance thru
Thought it was N.O.R.E on the thumbnail for a sec 😂
Not a good deal:( with flood insurance and solar panel? As an investor you will also pay the Realtor commission plus closing cost. Next!
It’s seems like a lot upfront money more then half just for less profit
Why would you not offer a lower amount than they owned( a short sale)?
Especially if you had the cash. I would bet a bank would look at that offer on something that was in a foreclosure moratorium anyway .
Well, the real estate agent said they attempted to do that with the lender a while back and the lender denied the discount.
So consequently, we figured that was not an option currently.
However, you know me, please tell me what you had in mind in this situation?
I have to always keep in mind, “great deals are made they don’t like themselves“
I’m open😉😉. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
You would have desperate to do this DEAL, upside limited, DOWNSIDE BAD!!!!!!!😊
I hear u, sometimes we do deals that are not in our top best interests, but we make some money w little downside, I think I’ll only pay for repairs and leave the arrears in place. What
Do u think about doing it that way???
👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Hey Kris. Is there in one that you know of in the Philly area that I can work with that deals in Subject Too projects?
10K renovations quick sell
To thin for me ✌🏿 walk away
If you had a guaranteed renter for 2500 a month it would make a great sub to deal.
Here’s the problem, I haven’t been able to get ANYTHING guaranteed in this biz.
Now, I’d say when I get houses, I try to calculate the lowest income tenant possible because u never know how things can change per houses…
I know people are getting destroyed from buying houses based on short term rental rent income and then city codes changed and they have to pivot. We have to be reasonable w all calculations 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
Don't do it
NOPE....but you got Bigger Bucks 😅
Let's goo
Brotha Kris, she said “CMA”?
CMA= Comparative Market Analysis. A picture of other houses in the area. Preferably less than a mile to see how the subject house adds up to the others.
That women had a BASS voice. Hi Testos levels...lol.
I would say you need to see the details of the solar contract. A lot of conventional banks don't want to deal with it which could affect your holding costs.
Wassup Homie? Yo you know I didn't know that about recognizing flood zone areas. Thanks brotha!
Those solar panels can bring your gross profit to negative zone. That's a very risky deal and waste of time.
I wouldn't do this deal.
OK, I hear you on that, please tell me:
1. Why you don't like this deal and
2. What exactly would you do? 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
15:54 Cut to Kris' Mind
Great video but I am confused. She said the moratorium pulled them out of foreclosure but that the moratorium will be over in May. When was this video made? I thought the moratorium ended Nov 30 2023 ?
Ok, so I’m just finding out about a nationwide moratorium on VA loans only. U can see it here news.va.gov/press-room/va-calls-on-mortgage-servicers-to-pause-foreclosures-of-va-guaranteed-loans-through-may-31-2024/
I had no idea this was even a thing until this deal.
Goes to show u, I LOVE being a student, instead is a Knowitall.
We get so much farther…. 👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
@@krishaskins Thanks for responding I might have missed that she said it was a VA. Loan
Id pass
💜💜💜
Sweet Share…Thanks…Poncho C
Subject to all day then flip it asap
How much cash flow do you look for in a typical subto?