How to industry sign banking maryland agreement
two more properties I got to to Reynolds when I'm doing one is already rented the one I'm doing now is a Renault that I'm gonna do lease option on I'm not gonna rent it I'm gonna do a lease option on it it's in Baltimore okay but watching going through your videos I started researching more and on the subject tools and these options and got to an owner of a property Baltimore the one I sent you information about the property is worth I mean the mortgage is five to fifty three K right now yeah before we start talking about the data I just want to say brother field thank you for allowing me to serve well you give me the opportunity to serve me change my alright so and the second question is boost I mean to blow you up let me just call you mr. t yeah you go brother you good brother okay mr. t you climb privacy that's followed me on that magnitude what's your exit strategy on this house so this is what I want to talk to you about I got two options right so I'm into rentals and stuff the property doesn't need a whole lot of work I'm actually from the pictures I can't that's what I could tell it just you know some minor cosmetic upgrades could get me some decent equity in the property is a good area properties around that area sell pretty good so I'm thinking get in I could do it a quick render on the kitchen and the bathrooms and flip that joint what's an ARV again alright so the ARV wants to flip once we all do the work would be in the three 300 to 315 range alright so we only have let's see we get 50 here alright fine a little tight for putting out 250 K are we talking about taking over this loan subject too so that's what the loan is assumable person FHA loan right now a little choice that was before 1989 yeah so the guy who was the old military guy owned it and the guy are now owned so he's a real estate he's moved and he just wants to get rid of the property so he assumed it from the last owner and he's he's I gave him the option of me not assuming it but then he told me hey what about you assuming it and because I'm thinking about this extra strategy of just going in and doing what's required I got my contract already that we work with on all other projects I figured I could just go and do some of this small work and and flip it but I wanted to talk to you about what you think some of the best options are because it's telling the mortgage fee is 1900 what help me understand alone from 1989 yeah it's still at 200 what was the original principle I got asked him but I think what he did was it when he took when he got it he took some cash out refinance and did some stuff for that I think that's what the guy who currently owns it did so we have another loan somewhere because there's no way this long is 1989 you can refinance it then it'll be he didn't refinance it in 1989 it must be somewhere right the guy who now owns it it's not the same guy who owned it in 1989 so in history on that low not have to go back and ask him did he do something different when he bought that property from the person who owned it before he was renting it for six years a guy who currently owns it was running it for six years then he bought it from the owner say what did he buy that whit let me pull that up real quick before alright so based on my records it shows that the original owner or the first owner was a mother for 80,000 2001 and then the second owner was 120 in 2007 and then this guy who bought it bought it for 276 in 2017 so their property just seemed to have been appreciating some does not make it since this lowers from 2017 correct how are we getting 1989 assume loan to another how we relating these two loans on mrs. Elkins well know I'm making the assumption that that's why it's assumable because the guy who was in there from before but the guy who's there now just told me it's a FHA assumable oh I don't know all the details behind how or why but that's how he got it from the owner before okay so he gathered before he thought are we need to find out okay I'll make some milk no let me ask you okay okay I'm looking at your notes the ARV is 270 not very the current value yeah you got current fair market value there you know ladies put in this right so I can oh yeah all right correct too - yeah but it's 1,300 square feet so I'm gonna figure out like where's all that square footage cuz shoot for 1,300 square feet that should be a 3-bedroom as far as I'll be sure no no I've got a - I've got an air B&B that's a 2 - that's like a 1,150 square feet well that loft okay you never know alright I'm gonna go see you tomorrow he wants to come down to his wife he's motivated to get it done so he won't $6000 I see okay yes we did it for six years he lives after to this guy who was the guy that lived in for six years the owner before had it from 2007 to 2013 to roughly ten years okay so this guy's only been in for two years two years all right now piti is 1900 1900 year not a lot of room in there in terms of rents in the area okay the roots are between nineteen hundred and twenty one the twenty ones apartments yeah that's all for rental meter do you know I mean I'm familiar with it but I'm heading up there at Mars on a good side of town that's why I mean the Africa after repair value is driven by what's happening around that house without the properties that are in pretty decent shape and they're up there in there and the three hundreds of no 300 for two bedrooms yeah I'm thinking man do I even so we don't know right now what our accident he's gonna let you get the deed yeah he's not opposed to getting the deed I could also I could also I talked to him about the subject to he wasn't familiar with it but explain it to him he got it and he was like yeah I'm gonna go look into it see if I wanna do it but he definitely he definitely was on the tip of well if you would do a subject to would you consider assuming the loan to because the subject to doesn't assume the loan right so he was like what about right so he was like what about you were just doing up you were swimming alone we'll do that right mr. t was trained not one of the rules there no right we're doing that right plus if when we give you five thousand but we don't know but let's back up before we get there Oh mr. t yeah we don't do free seminars with my brother you didn't go over there and talk about so you haven't talked about subject to have you with him I'm talking about did you use subject to I use the term yeah yeah we don't get out of that week when you're talking to people and I have to remember this too because we want to be big bad infested I know what I'm doing when I gather all in the control right right right you gotta back I'm not saying you have to I suggest right I'm getting out of you need to I said best right not giving free seminars like we get paid to do seminars you right you with me right so all we do is we just take a leave it alone man we take over your payment's you know if they wanted a little bit more never use industry terms brother all that bad as your that's you I got you I got you I got you I got you so what would you say what would you say if he asked you what are your options you need lead I suggest and download my ninja negotiating audio brother if you go back to my channel to get the subject to work for free but I have an 11 audio course that I developed for this man it costs bucks but uh I can I'll put the link in this description if you want to come back and get it brother but yeah you gotta have the language don't ever I love you yeah I appreciate whatever say we gonna take your house subject to I got you I got you I got you I got you I got you I hope you're laughing with me yeah yeah I got to read this we always have a program and you can put the link in here man a matter of fact so all my family members that have watched and I'll put a link I would give you a discount today only I'll give 11:4 a 70% discount I put it in a link if you want to do Oh Bram mister T mister you can either say your D program your lack program D program lapis lapis loan assignment program max I got the from a boy feel your mortgage assignment program yeah Oh grams for this stuff you know all right when you pull a min is then you can hit this on the audio I'm not sure if you qualify right this means I'm naturally you qualify until I ask all these questions and I come look at the property so you never qualify them over the phone until you see the property that you want to kind of get the takeaway dude you gotta just gradually curiosity from you know I do a lot of research I love how the brain works and how people interact right curiosity when people when it's a deal like this I'm like Miss Smith I got a program that my tear may not work but I really not sure what so I take a look at it and we get all the data right your check so don't don't no not done we try not to close them before you you know you don't want to close them and they're already ready to do this up to when you get there and house the piece of [ __ ] yeah I so the dude is on he's on the hook right yeah he's on the hook he wants so he wants to move on it I mean they've already moved down the beach yeah they're gone he's got it's been go it's vacant yeah it's vacant it's been vacant but he's not behind on his payments I mean he's a real estate guy agent but he moved down to the beach I think he is in Myrtle Beach now he said with his family so the house is sitting empty no doubt ten inches of snow it's freezing up there today no doubt correct in the forties today so all the snow is melted really oh well he didn't know they season South Carolina yeah yeah he's coming up tomorrow with his wife so they taught her to beat you yeah now I was gonna my first instinct was for you to keep this because the loan was from 1989 but now you're telling me the longer the only two years old it's two years oh yeah let me ask you brother hmm do you want to own it or do you want to just get a lick and move on what do you want to do I mean um I'll be honest with you it's an area where I confident that I can get good continuous rents would be a good property to own but at the same time I'm trying to pick up a couple more in the next few weeks so because this one based on what I could see didn't require a whole lot of work I'll use it does not equal does not require a whole lot of work just a paint job little kitchen upgrades I mean overall the cabinets in the kitchen look great this minor stuff let me ask you and we're just talking yeah he bought it at 17 are you telling me I'm getting 50,000 in equity in two years yeah yeah the properties are really on that side of town investors came through in the last couple years man and just really started to turn Malte more around on that side this is on the Baltimore Harbor side oh you get that new yeah yeah it's on the multiple Harbor side so it's not only it's not on the hard side of Malta Morris on the east side so you got something we call forced appreciation where all the new construction is forcing the values up that's correct yeah but I don't know I mean even if we because we're gonna he's an agent so he didn't no doubt he understands if he sells it he's gotta pay 3% well even just to sell it on the sales side history right you can have it down right right but if he's selling it remember he's not selling at 305 he's selling it for fair market today we need 270 oh yeah you got a knock on Wow okay yeah so his so so that I think that's one of the reasons why cuz he has a he has a buddy of his that was gonna list it while he's not here to do it but when it was done he was going to get the same 6 December grand if anything so he was like you know for all that work for all that money and then you know when you sell it you don't have to do a lot more appearance to get it up to the point of somebody wanted to move into it so he was kind of like you know I'm looking for another alternative and that's where I came in let me ask you brother see how about have you done any research on Airbnb ease in that area not not on that area I haven't done the research but I do have a colleague of mine who wrote a book on it i mentor mine he's an investor to time I could talk to him you wrote you know you guys a couple of mom down down here in Maryland and do you want me to look up this you do you want to share the address with me I can look her yeah while we're talking yeah help me don't I'm not sure this so you see my screen Bob this is cool because you know it's weird exit strategies are changing and I just try to I want to make sure I'm up on them because I'm doing air baby now - ah I saw the video though somebody stealing TVs out of somebody's air B&B in California all right so what city are we on Baltimore all right so we're gonna do home type and time to place I want to show them Matt let's see what we got out here don't want to stay here let's just say be able to just look at the map do you see what I'm doing you know uh-huh I wish I could was a way to see Matt an entire place let me set a date so I can look at the matter what can I see the matter 18 available in Baltimore well I think it's only 18 available in the whole damn city it's popping now where you are yeah but I'm a third of the people you got up there but see if they don't maybe they won't give me the map because at that time let's just do our you see now Matt yeah mm-hmm I totally which way to go whatever good everywhere from $50 to 120 dollar so if you are its Fort McHenry so right right here where it says can't Canton right right which says Canton right a bomb to the north of the screen north of Fort McHenry National Monument it's all come down right there it's right there where's this hundred dollars so you're watering plant right here right behind that yeah so if you go north east right right where it says on Charm City State Park you're right to the left yes all right yeah between one between yet right between those children okay yeah all right let's see what we got you got a hundred dollars a night is this the standard old house or is it a attached that's a touch we'll pull it up so or let me drop the address down so I can okay do it's three two one one Elliott Street DLL I street Baltimore let me just go down so is it a Roadhouse that's a I guess row house isn't yeah we found in town Alice row house oh no Jeff one Walton boy has a very unique city ID I wish I knew the history why all those damn row houses you guys have up there you know know the history yet but that's like DC they got yeah you think that on this side of town it's um it's hi you know these properties are in those 300 range but on the other side of town on the west side you know what I'm doing right now that's gonna sell for about 130 are you going down to the 22 pretty bond early twenties or thirties right yeah I bought it for that one I'm off of fifty because it had yeah it was like nobody nuts more done on it this amazing house you know it's weird a two-by-four cost the same to buy no matter where you're putting it right it's this isn't in it is this very interesting yep straight up so we got one here this 4709 he's over is this one here this 47 or night is that close to you was it he's in the 169 100 right there I got you let me go to another so we're not sure you wanna keep okay you're right here I see what your turn this is where all the new stuffs coming in right here yeah they just it's right on the water man everything are not water's good god it's been when I say new they're not building over there just renovating stuff if you look on this hill oh yeah Aaron's going for 500 400 300 mm they just they sinking money in there brother really for you yeah is it OD really we face if we finish all these right yeah you right in the city right here yeah will you parking it around here on the street brother just saying those cars that's all you get Wow oh yeah wow that is crazy look at this yeah Wow that somebody has parking no not on this side so the one I'm doing now actually on the other side on the west side I have a one car single car garage okay you know attached but over here it's a street parking mister the back and a driveway but it's not a garage okay you can't yeah you can park just not covered this feels so good I don't like the fact our partner in the street yeah but up there brother this is like
DC my people just right right right is it permit pepper industry take some they have a dedicated spot I for their house okay so you eat let's eat a little sign right here mmm-hmm so we got one parking space for the house yeah you got one parking space dedicated and then you could park anywhere else stuff I think you could probably get 100 hours a night to be honest cause you mean I'm getting down here between 6:00 and 7:00 the old weekends I'm getting 100-plus my friend you need that easy that guy stop saying you me I suggest all right my friend does a multi-particle if you want our newsletter man I can put you know we've got them obviously I have to pay them to do the articles in my attorney and my friend right see my some monthly article about Airbnb okay sounds like you already know what you're doing them yeah I mean I am I think I could make some contacts a couple colleagues I know they're doing it and see what they thought sorry that's a good strategy to consider but I would I'll do it to a company though meaning I wouldn't want to be doing nothing okay so Libya aren't this so we know would you possibly air B&B will get 25 2001 yeah tell me about your cash reserves are you is it well before we get there we don't know if you want to hold it or not you no no I mean I'm comfortable holding it I gotta have cash to hold it my god yeah I got cash to renovate I got just do all that cuz I do myself that's to do the same self directed thing that you have to for other people so I you know I have a couple different options if I wanted to buy it for you I like that the only way we're making money here in my opinion is what I see I see this picture in my head right of your unit being offered in the owner financing no bank qualifying world like mm-hmm in my opinion I can't I don't have the data to prove it but in my opinion in my experience if you walk this with a lease option where someone could old here mmm don't bake qualifying mm-hmm for me would just be slowly would be like massive value for your market yeah that's what I was I was thinking about that as well so I was thinking if I could I'd prefer to take it subject to and then lease option it yeah yeah great yeah because I in that way I was thinking you know it's he wants to be done with it right you don't want a headache and I definitely know I can get people in it yeah this is a because the I'm looking at where your income stream is and I don't really don't say you got it written for 1900 right I want you to have to worry about dollars a month right right right however in this area it might in from what I'm looking at I might do you might be mew'd a good twenty twenty-five thousand lick on a downpayment bro all right exactly exactly rather that's what I'm thinking that yeah I mean wow so that's the title of all let's hit I'm gonna craze this real quick I'm gonna bring you back in and see what type of rental homes we got in Baltimore yeah that's how you determine we talk to down people people asking for Wow that's wrong Wow that Street is crazy dude yes the boot smooths free I'm gonna check it all tomorrow my job up there cuz the other project I'm completing is on the other side so it's not far away okay so we looking for I'm in two one two three oh is that good - one two - no yeah - one two - filler say again - one two - four let me do this housing you see my screen yeah - one what - two four I might just do eight well I'm gonna come laughs i'ma come on down cuz I wanna know exactly what's in that area so I'm looking for rent to own oh let me do this lease purchase lease with purchase mm there hmm that's a three - those are three - so you know this is nowhere comparison to what you get I mean look the location is uh yeah yeah that's my other side this way we write whether there are 4 mm there Washington DC look into Brunel home so look sit on that side which is not a bad thing because it means that you mean truth be told or keep an eye on that sign that they know what they're buying you know me yeah well let's look here man look at this this is it they're only asking $2,500 down for a damn hmm oh okay here we go this one with the floor right here there we go we des exactly what we just said brother yeah look at that can you boy get a little get a little yes well this is a okay this is a full bedroom no good it's got to be a rental right here yeah that's beautiful oh did you do you have our arm deck on the top I'm not on the top I remember seeing what I'm gonna find out tomorrow when I go there look at that door man that is sexy and they jump in there no more man time and a couple years Baltimore's gonna be the next week of it it's got to turn around I mean the [ __ ] can go no Lord right good god the joints may not know no more that's the thing I mean I'm talking about in the past oh yeah dollar bro yeah okay so we know even if you can't get 25 we know you have some value and offering a Ritz at home right we just saw that even if you can't get 25 that's all right you can get dude I mean I'm like [ __ ] you know 15 I'm sure you'd be happy cuz you got to get and I think you even have some bargaining power with your seller because right now he gives nothing right right what does he want the money for do you know yes sister you know and just because he knows he has some equity in there you guys he said you know I know I have some expert in there but I want to do any work I've already moved I'm down you know he's living on the water now though the gym just doesn't want to deal with Baltimore anymore he's done yeah yeah I don't do them dulann contract I can help you with that today we don't matter man no lease option in my opinion is just easier to evict them you should go around to the courthouse and it's over in oh no no [ __ ] wait so yeah my approach on the arm toughen imagine inside no which is why I want to make sure I have some room on your lease option if I'm renting it's because I'm not full-time out there like you so oh how I've been doing it as I manage like the property I have down here and GUI I manage that to a property management company they charge me bucks a month but they do all the evictions and all that stuff okay yeah so I just want to make sure I have a little room in there but on this particular deal I know I have the equity potential on the back end well the good thing about this is when you approach your seller here we are almost in March his mind is already thinking I know I'm gonna hook for March right so you get 30 days to find your money right at tax time my brother I don't remember yep he already knows mash it I don't know I'm paying my uh yeah I know I know I'm paying 1980 week right right so you may not need to I suggest locking this down what do you get you don't want to be too anxious tomorrow when you meet him and it might affect your posture when you get there it's like I don't know I love it dude because I mean just I kind of tell you when I first get in do not meet men with any posture that I have now right I could care less whether I buy the house ever right I've got enough houses right now that I own I bought enough I bought more houses than some families buy and generations you know so right at this point in my life I don't care my my housing back so yeah when you meet him you have to be like look I mean obviously gonna be friendly but I'm not sure if I can do this dude I'm just here to get them no you know I gotcha you do not be pleased over there like [Laughter] now I get to get ya right now we're recon no yeah you have all this data here the multi payment loan amount and this is P Otzi are yes the idea have you verified that with the lender I'm gonna do a tomorrow he verified it yesterday but I'm gonna do that one we get that home authorization letter so-and-so I cannot let this question if you can just give them a call like hey mr. snow would you mind bringing your most recent mortgage statement with you okay but just drop it on the ass like I just you know whenever somebody asks me why I just say you know what this fit I believe everything you're saying but when I sit down with my committee they don't listen to words they only look at paper all right so you can take the burden off of you put it on higher power all right all right and miss me when I sit down with them and I start talking they don't even understand all they understand is blacking your white paper with Smith is that okay I guess you know ever yeah for that name right there but I need it right now you gotta be stupid you know I still don't mean the other day I started talking they told me be quiet they saw me give him the paperwork you know you get your obviously you get your authorization to release information you're gonna take that with you yep I got that I don't know how much you take a contract or not I think I need him to sweat another day or two the thing is he's driving down here cuz he's trying to buy a new truck see he's coming in a talent cuz they don't live in town anymore so he's coming into town to pick up the truck I guess he's mine at a dealership this dude got some paper you got things of mine that's why he's not he's not sweating how's that brother to me wasn't minimum he would take he was like give me six grand I'll be good you know so I was like well yeah I could catch you out in the future sir that's fine that's no problem so you have to go over six grand now you know I'll just give I'll give him five hundred bucks now and then I'll catch them all once I get this Lease Option all you have to do right now is maintain your composure in your posture that's what we gonna do brother will give me that ninja then give me a ninja courses almost study them Joyce today I just do it from time to time I took over a quarter man and I have to set her a table and I'm going back and forth with people and then I took it back to my studio and that narrated it so as you could hear all the questions and literally walking people down subject to how we're walking them into this stuff back them down and stuff too and that choice me helped me a lot yeah yeah okay so we're our exit strategy gonna so - right now the next step is if he wants to get okay once you look at it I don't know if I watch his son cuz he's in town he's not they can eat he's already unhooked for life right so nothing in my opinion you could probably find you a buyer in 30 days yeah 25 30 days so do you think do you think I just leave it the way it is and don't don't do anything with it chained yourself to and just please don't do nothing right okay you know I'll take a look at the pictures after you look at it right but it might you know a nice phrase I just literally got the lady I was on the phone with when you when I called you that was the least option she's like well I got my mind ready to do the carpet and then I got my new appliances and would have them delivered I'm like what I don't know so this is you doing the lease option for her Tara what she's looking at it everybody's waiting for that return the joints not in the best shape but she's going get it right you just get that assignment checked well I'm only charging like three to five thousand man just because I mean I got yeah I mean there's no I'm trying to extract all the value I want to lease of I you in it for them because it's ugly yeah I got you I got you I got two more questions for you okay go so the property I'm about to finish the Renault on right now right somewhat bought it for fifty five or can I talk about it or not see how long he's in town forward try to get that paperwork sound of wheelies which one the subject tube do you have my subject tool you have your own subject to contract my that's fine that's fine dude truck before you lecie when he's leaving with you might find out week tonight all right get ask him called be like I need you to bring the most recent mortgage statements say hey you know this curious horny little bigger this weekend or do you know I don't know yet I'll have to find out so you gonna see him Saturday or tomorrow tomorrow okay so you go see properties Friday let him sweat a little bit Friday if he's leaving on Sunday trying to get back up with him Saturday to get the paperwork I like doing back-and-forth interactions with people because my mentors taught me try to get people in a boat you're in the back are you're doing this dude is doing it are you have you ever been in a canoe yeah the black person is the power in the front person all that you know yeah I'm sorry the front person cannot you know how it works all you just put your motor in it your or anything and it can you could I try to get him to sign that pink work for you Leestown Road oh okay I got you you wanna affect don't try to anywhere you already know don't sweat it I miss you there's more deals to come and go sweat it if it I mean if you tries to get me to assume it I'm gonna just tell them I'm sorry we don't do that in the program yeah nah brother he's not doing them I can't be rocking with the guru and then going against his waist oh yeah 55 57 we're closing costs all right and the rental is running me 46 which for my class is not a lot right right right maybe we did new kitchen two new bathrooms finish the basement paint refinish the floors new windows new electrical new plumbing you know don't go far right I mean it's amazing nothing I join don't go far bro the job is always quick all right so a RV is between 130 and 140 I'm c-130 baa okay okay rents in the area for it's a 3-2 so rents in the area are going for twelve to fourteen hundred so we're holding this house and we're selling it I want so I'm planning on lease option I'm holding it I'm gonna be Sasha how much twelve to fourteen hundred so what's interesting though is that everybody on that entire row owns like there no rents on that street the streets across from it have rentals but on that particular street everybody owns which is why I want the lease option because I figured I can get a buyer quickly you got you want to give me the address I can pull some pictures up on that one too yeah no one's gonna show me your pictures but um oh yeah yeah that's before the rental so was it rule house it's a real house yeah same deal row house with a one car garage in the basement so I put an automatic garage door on it yeah well yeah I mean I did this CMA and joint no no couple houses on the street are being renovated right now and they're selling in that range so okay I didn't I didn't try to over renovate you know I mean good for you yeah so okay I think lease option is the right way to go I just was running it by when I went in I wanted so I wanted to hold it in front of the wall it's my exit strategy simply because I felt as if it had the potential to pay back rather quickly I didn't want to involve any real estate agents or anything to cut into the profits you know I mean tell me about this money here this money what type of money is this one hundred and one thousand so that was my he lock that alive okay so that is a secure might another piece of property this house is all free and clear that's free and clear yeah the one mistake noise I got to moving into a land trust brother I learned that from you I just started listening to you a couple of couple weeks back so I missed that brother who is the title you know tell me who it is but what institute that owns it and mine today so me oh yes it don't kill me yeah where is mine no I know I got a bad joke I got I got I got a big boy now I just need to go up to the courthouse of college Oh it oh I'll leave you alone yeah trumpet I must play a tailless will you love me I know you don't know yeah no no nothing nothing nothing so you can literally what is the rinse over did yeah right there what is what is taxes and insurance what is our taxes a year two thousand three hundred twenty-five mm-hmm I got insurance for forty six bucks a month so that's the tactical tax is a two hundred month an insurance because the we were out go big plus whatever interest good it just can't be no more than 500 right right it's emails yeah I mean truth yeah I mean it's right now my 55.5% yes the only problem you could have do let me rewind before I get here you could have bought it would you he'd lock owner financed it to another investor that I do it all the time let them do all the world l
t them do everything all you do is get a check for financing other investors I want percent like 10% whatever it whatever you agree or mad but that's dope I like that I like this jack yes yeah cuz you you you work do you buy it do either to lease optional or do a land contract or no financing with another investor let them do everything you all the paint you need to be the bank brother I dig it brother a day you ain't gotta worry about yeah this is you can't do that now so you've already done the work yes I mean I love the construction side this is like my fourth with Renault in the last two years I love it and that's why I did it you know I got I got I got good guys I I managed I'm an engineer I do it every day for my job so I need to read bigger brain yeah but you're right I like where you go with this I like that buy them and let an investor take us take it to the next level you could have with this hundred right you could have had no yeah that's a good point no that's a very good point people you bought you know what we bought two and fifty yeah I do it all the time dog we buy an egg Lee we get a down payment from an another investor we finance the acquisition they've got the renovation money right right cuz their investors and you know they're good ten is they they don't pay you take it back in way better shape - what which option are you financing it with indeed I mean you how are you financing it with the contractor lease option me Sofia there are investors out there that are looking for people like you and me that could finance renovations so they don't have to go get any more loans okay good deal you find you find them through regular meetups and round ups and stuff I got man [ __ ] dog there is no my brother there is no shortage of investors looking for people that will finance renovations I got you alright well you can always add me to your team - Reza oh I find that's not in Virginia I'll think about this phone call I just did this with another client yesterday say I'm the investor right you call me you snake I got a renovation that I want to finance for you or you gonna do it Bank a down payment a small monthly payment and you pay for your own renovations don't beg qualifying and you're gonna make twenty thirty thousand when you sell wait that's I mean come on do it at me I'm with ya the reason I do these because no effort no effort no nothing because they're on the hook to fix it up I got you you know what you should do a live on that brother yeah so I don't like okay what I do like about this is you have no debt per say on it what you store it what I don't like about it is you don't know if you're okay in the 130 price range buyer that caliber a buyer if you will may or may not be a person that's going on take you out on a lease purchase you know right but are you willing to hold it long term yeah yeah yeah yeah I'm not Preston you have to move it but I'm definitely not gonna race please don't yeah I'm not gonna so you get a 5,000 down and then you'll get the rinse are ya good thinking partner did you have charge maximum rate because you got 5000 this imagine how long would it take you to make about thousand a month right I'll get to make that same five thousand so you can take a little bit lower right if you want to right right right all right I got you that's good that's good advice last ask questions you got to be prepared when they screw up and when you get rid of them like right now when you finish renovating it's gonna be a plus shape all right you got to be prepared to go in there if they mess some stuff up which they may mess some they're not gonna tear it up like a regular tenant right right but just being mentally prepared like you might have to if you want to eventually because you say to be ready for five years all right you've got a lot of your money back already right right right a little fix it up and sell out right and then this 100,000 is probably gonna be down to 80 you know right - has been good options where do you do your you knew your CMAs with the real estate agent or you got some special okay you know through a real estate agent okay broker that we work with and I use real quest are you familiar with that it's like a real quest calm them up there another one already I throw up big pulls them - okay I got said mother was that can email you I can't remember home you later or value at the something right okay nothing's gonna beat the broker but you gotta get a good look good relationship with a broker okay okay okay now this is very helpful man you confirmed it I figured subject to lease options for that one we talked about first I was good yes and on this one I don't mind holding it so we'll go for the best lease option down payment I can get put somebody in there see what they do nice okay and if you want me to stay on board man I've seen you when I offer I mean I have a few plans I got emails when we just run ideas by me and or just not be able to pick the phone call timer time because the one you're doing or looking at tomorrow I think it's gonna require it's not gonna be a all right no yeah go shooting you know I'm down the streaming our phones shoes me that job for that negotiation negotiation oh yeah okay I'll put it in the video description thank you my appreciate you my cubicle work mine definitely lifting the the knowledge base out here for us man appreciate it I'm IH you - so we gonna connect I won the real 18 side man y'all keep meeting us in football anyway so Q&A man you go or you don't hang on now I'm gonna go Q&A class thank you for hanging out with me and brother mr. t you have to respect my clients privacy privity or whatever you want to call it again and some everybody's different so I want to make sure I respect everybody Rosana if you don't mind I'm gonna reach out to you for that how's it that h HC v program Paris yesterday in astir real estate I like that with eco dick coin Devon it makes you an a any questions we got here die if you got a subject to and cell on a land contract do I need a mortgage servicing company no you just collect event or for my people it says land contract is nothing but another way to sell a property just like a contract for deed lease option they're all the same it's just a different instrument all you need to do is give them not need to do I suggest you give them your deposit slip to the bank that took carry the money and write to the bank that's all I do I'm not fact I just give them their bank account number they can carry right in there and for you to mr. Teague's if I mean I know you work but it ain't a lot to manage in the lease option brother I got you I got you and then when you do remember we were talking about that investor in the lease option mm-hmm man should they just do I got one one invested they just transfer money in the bank I'll learn oh okay hey every month sir rinse are doing the 28th of the monster yes how you say that yeah so on those deals you'll and do this you don't do your percentage APR for six months out you know you just do them with a monthly and payment and then a deposit they cost a what you want man yeah do we work on a payment and then we work on a price you know cuz we got to leave some meat on the bone for them so they can get their profit right correct correct you know and I mean you're already making you're making money on the monthly payment I got you so you should so you transfer title on them on their sale yes so I'll go yeah well you know obviously I want the trustee will get the trustee oh yeah so isn't it trust alright the trust has a lease option where as at least with the investor alright an option with an investor my gets listed one of them is listed right now on the MLS and yeah the trust team will go with close and then we just give them a checkered coat that's what I gotta find as a trustee who could just be that flexible well I got good people it's just whether or not they'll show up what I need them to show up no what did you say remember you're a full time entrepreneur man so you can be out there you got people out there like you my people all work so I just need somebody who can like yeah I need your show for two o'clock closing you know I mean just show up beat it no but I'm working I'm working X get another this rat race my I'm trying to you know your side of the table brother here do you have a military presence up there yeah we do I I got some friends that are retired you know these retired military guys man okay you know that means some of them are over there you know 6070 then I got one down there unable to and think about it Duke think about your trustee then what the the average person isn't gonna know anything about what a trustee does right alright so if you're like I have new people that might be a trustee I'll be like look man we tell you hundred dollars I just need to just ask for doctor you have no liability you know I mean it's a little more negotiating with that but they make a hundred bucks they saw some Doc's then I don't know hopefully anything gives them something to do during the day you know I got one dude yeah what's in my lingual but I didn't have a half several friends there or not your friends and associates that are wanting to do that for me and yeah it is challenging to find the right person right yeah laughs like truly gifted oh you like my little my partner only understands black ink on white paper yes that's all they understand they don't understand all that talking crap I understand another prop stream somebody say use prostrating four times mr. t which one prop prop stream okay they didn't pull cards Freddy pretty calm Paris is saying does it ever want to see you man you can come back to you know what Aida thank you thank you for watching thank you thank you any Q&A following questions I'm getting ready to be done please can you me an option contract if you need an option contract this email me I'll put my email address in here will give you a link to their a telltale purse by the way Paris if you listeners we got a link up in the same area matter we got a link up yeah he's mean why'd they do you got snow yesterday too yeah we right here down the street Justin if you needed mute if you want my subject to stuff just email me I'll put your link in this video matter of fact I could type it up now I wanna sign ok REI necessities wants to sign an invest release option here in Atlanta might need some help yeah you yeah there you go I'm telling you that investor lease option is Miller all right brother T thank you for hanging out with me I'm gonna put the description I'll put the link with a negotiating audio and I'll put somebody wants to do so the to my email address negotiators what 70% off today yeah go for 97 bucks today oh please make sure you smash the like button I had to keep mr. t on a privacy note today because some clients just don't want their business out there which I'm not mad at him you know everybody's different nobody wants to blast their whole life on the internet like crazy old me okay I'm gonna put those links in there now class I'll do that while I'm talking to you actually if you need any documents subject to Lease Option just email me and my negotiating audio that link right now you are going to be what I like about the negotiating audio is return into a master negotiator today I have been balance selling real estate since 2004 so you turn into a master negotiator and about takes you about ten hours I would say this is 11 CDs not CDs anymore I'm showing my age so when you listen to the pop of the nail you can just plan right from your phone once you listen to these you will become once a once in a while let me say this is my little pitch once in a while that comes a product that revolutionizes an industry right we saw that with the iPod where they took no more CDs right iPod now you just don't put on it on the on your little device you can listen to a thousand CDs just like the car revolutionize the transportation industry and now air B&B is the travel industry I fill my opinion that my negotiated audio is is is going to revolutionize how we learn how to be real estate negotiators literally you can go take this audio program and listen to it at the gym for the next few hours go to your next home appointment and be a master negotiator I mean where in the hell are you gonna get that it literally is programming your mind to be a master negotiator I can just and this is took me what since 2004 to put all this together so here you go email if you need documents just email me Chris bathhouses any other questions class for Q&A before people who the crazy people get here at my house anymore Q&A and I wanna Q&A you got will help you if you need to refresh your page to see this stuff probably if you need to you can refresh your screen arjan accessories I do not have I am working on getting my whole website overhaul it has just been so stressful dealing with this having to get internet you know I gotta tell you REI necessities doing the business is one thing doing real estate you know it can be done but doing it documenting it recording it editing it making sure the stuffs congruent make sure that it's in bite-size pieces so you can chew and swallow and digest and then teaching it it's just like doing so many doors amongst me and a husband and a father and a dog sitter I mean it's just crazy like I'm having to figure out how to put compartmentalize each thing in my life you know luckily I got some things like I don't clean anymore I don't watch clothes anymore so none of that stuff takes time no matter how to kind of take what you got there though I've know how to do some stuff to save my tongue and I gotta be entertaining when you come to my channel I mean this stuff is no joke quiet there's really no job to do all this stuff be uplifting positive to raise your financial literacy I'm truly blessed and I think I'm gonna start it's been on my heart God put on my spirit to do like a final Foss every night before I go to bed I really think I'll be reading this book the less I do the more I make as I pondered and you've heard me say this before I'm sick of meeting both people I don't want to be any more boat people right that's it's one of my goals and I've done I want to create people to be more wealthy I'm reading Ron's book and he's he very eloquently skillfully to L do know that negotiating is something - owner financing lease option I walk down all this stuff on financing how to buy the discounts 11 audios you know and if you don't like it I'll give you money back oh I gotta lower the prices what is the price woman did I put the part I told y'all so do it for $97 I don't even know what it is how much is it right now I think it might be 500 now oops okay yeah it's 97 you're good I think it's 97 right Monroe is it 97 on there I don't wanna lose my train of thought I was getting ready to say how Ron broke down how to wire but why so many broke people in our society I'm ready to talk to you real quick about that then I'm done I'm going to do this is so deep when it comes to pontification philosophy and if anybody's gonna be in Raleigh legs next month a quick start we can go hang out in this McCarthy be in Raleigh at the ramen grain quick starting next month the topic to brother no.4 - it was a good session why so many broke people Ari I'm sorry class let me change the price on you I got it at 250 let me change the from the negotiating audio please forgive me on that while somebody broke people that will come ring let's have any more I'm a cranky talked about I mean and this really good home for me when we come out when we come out of the movement Club other out of the womb class I'm getting ready to tell you what I read in this book when we come out of the woman we come out into society into our communities into the arms of a broken erse all right the nurse will the what is it the uh we had something called wasn't it the midwife that's what they did when my daughter was born there's something called a midwife I don't know why I don't know why that's what they did out of Minnesota so the next thing why so many broke people you come out another room into a broke nurse that catches you that nurse passed you on to go home with to hopefully to broke parents right I'm gonna break thi
thing down for you like Ron and grant broke it down for me I thought it was just amazing how he talked about this so you go home to broke a mess right now those two broke parents hopefully got to you might have one broke parent those both parents send you to daycare and then the daycare teachers they send you to both daycare teachers right so now you're listening to subject to or negotiating audio training 247 okay I'm getting ready to lower the price for you brother I put it I told mr. t I'll do $97 today only this thing will be gone after the day I don't even offer it for sale really okay there you go so now your school listening to bro teachers right why I'm talking about Marlon grants book like so many wrong people so your school listen to bro teachers all right you get on that book dude do it anyway so you're going to school every day listen to broke teachers you go to school you go to college you taught by broke college professors right you go to church you're hanging around all broke people at church further you get a job where your boss is broke right you end up marrying somebody broke dude the way you broke it down and the language in that book man just made my mind go like wow that's why so many damn boo people cuz we're all learning from the previous generation and I can't tell you okay stress to you enough how thankful I am to a met some giant giant slime scrub that just can't say his name undone good God the doom sat me down or did show me so much mind-blowing stuff I promise you he wasn't broke the man owned several mobile home parks he owned mobile home parks that he was actually they they showcased him on she they showcased my boy Lonnie Scruggs rest in peace and he was on uh I don't know if you remember there used to be a show called American greed he was one of them one of the people that got taken advantage of from truly Titus you know so I had the blessed to meet some giants and I feel like I'm just a conduit my round of family I'm just a condo would I could take that knowledge put it in my spirit and just spit it back out to you because I won't be here forever you know I will move on to the afterlife and my prayer is that my what I've created here will stay with the next generation and help my family to be welding alright so that's why I now I understand thank you Ron grant so many broke people in society and I want to change that by raising your financial literacy alright so get that audio I'll put a link down there in the video there make sure you subscribe to my channel class get ready for dinner here and I'll talk to you soon class I Love You God bless you peace amen
