Solving Real Estate Agent Problems | Live Seller Call

TL;DR

Learn how creative finance strategies like "subject to" deals can double a real estate agent's income, even in a challenging market.

Transcript

on the YouTube channel today guys we're going to be talking to Ryan a real estate agent at a listing in Texas that listing fell apart he actually dmed me and he says Pace if anybody can solve this problem it's you so what you're going to see is a phone call with Ryan and the seller and me explaining to the seller what the benefits of creative Finan... Read More

Key Insights

• 💳 Creative finance strategies like sub 2 deals offer a solution for real estate agents struggling to sell properties in a challenging market.
• 👶 Buyers can benefit from immediate financing and cash flow without securing new debt.
• 🪈 The credibility and track record of the buyer are essential in ensuring the property's management and continued payments.
• 💳 Sub 2 deals can provide buyers with the ability to acquire multiple properties quickly and take advantage of a long-term investment strategy.
• ▶️ Loan servicing companies play a crucial role in ensuring payments are made and giving sellers peace of mind.
• 💯 Sellers may have concerns about future liabilities or nuisances associated with keeping the loan in their name, but these concerns are usually alleviated with the buyer's track record and the potential positive impact on credit scores.
• ⏬ Real estate agents who learn and implement creative finance strategies can potentially double or even quadruple their income.

Questions & Answers

Q: What are the advantages of creative finance, specifically sub 2 deals, for buyers?

Sub 2 deals allow buyers to take over existing loans, providing immediate financing without the need to secure new debt. This allows for cash flow, quick acquisition of multiple properties, and a long-term investment strategy.

Q: What happens to the seller's loan and name on the property in a sub 2 deal?

In a sub 2 deal, the seller's loan remains in their name, while the deed is transferred to the buyer. The buyer becomes responsible for making the mortgage payments, and the seller's name is no longer associated with the property.

Q: What happens if the buyer fails to make the mortgage payments in a sub 2 deal?

If the buyer fails to make the payments, the seller is protected through a licensed third-party loan servicing company. This company ensures that payments are made and provides monthly email notifications to the seller for peace of mind.

Q: How long does the buyer typically keep the mortgage in the seller's name in a sub 2 deal?

On average, the buyer keeps the mortgage in the seller's name for approximately seven years. However, this can vary, and there may be instances where the mortgage is refinanced or paid off earlier.

Key Insights:

• Creative finance strategies like sub 2 deals offer a solution for real estate agents struggling to sell properties in a challenging market.
• Buyers can benefit from immediate financing and cash flow without securing new debt.
• The credibility and track record of the buyer are essential in ensuring the property's management and continued payments.
• Sub 2 deals can provide buyers with the ability to acquire multiple properties quickly and take advantage of a long-term investment strategy.
• Loan servicing companies play a crucial role in ensuring payments are made and giving sellers peace of mind.
• Sellers may have concerns about future liabilities or nuisances associated with keeping the loan in their name, but these concerns are usually alleviated with the buyer's track record and the potential positive impact on credit scores.
• Real estate agents who learn and implement creative finance strategies can potentially double or even quadruple their income.
• Joining a mentorship community like sub2.com can provide real estate agents with the knowledge and support necessary to succeed in creative real estate finance.

Summary & Key Takeaways

• The video showcases a phone call between a real estate agent and a seller, where the agent explains the benefits of creative finance, specifically sub 2 deals.

• Creative finance, such as subject to deals, allows buyers to take over existing loans, providing them with immediate financing and the ability to cash flow without securing new debt.

• The video emphasizes the credibility and track record of the buyer in ensuring that payments are made and the property is well-managed.