Ep 35 - Owner Financing Negotiation Demonstration
ฝัง
- เผยแพร่เมื่อ 24 ต.ค. 2024
- Interested in learning more from the Kwak Brothers? Grab a FREE copy of our Book:
0to75units.com...
In this episode, we're doing something we NEVER before. The Kwak Brothers will be role-playing an Owner Financing Negotiation process. They have done hundreds of different scenarios where they have negotiated for seller/owner financing, They are going to showcase the typical conversation, objections and ways around to get the seller to agree to an owner financing deal.
Based on multiple iterations and experience, the Kwak Brothers have recreated an experience where you may go through to negotiate for owner financing.
JOIN THE KWAK BROTHERS' DEAL CLOSER MUG CLUB! Get a mug for only $5 + Shipping! Go to thekwakbrothers... and get your own Deal Closer Mug!
The Kwak Brothers are millennial real esate investors who have acquired over 76 Units of Rental Units and have raised over $6,000,000 in capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping ordinary people become real estate investing champions and rockstars! They specialize in owner financing negotiations and multi-family rentals.
Download our FREE ebook "5 Steps to Real Estate Investing"
here: www.thekwakbrot...
GET OUR FREE OWNER FINANCING CHEAT GUIDE KIT:
www.thekwakbrot...
JOIN OUR FREE FACEBOOK MASTERMIND GROUP:
/ thekwakbrothersmastermind
#realestateinvesting #realestateinvestor #stockmarket #sales #realestateinvestment #realestate #retirement #investing
GET SOCIAL WITH US:
Facebook: / thekwakbrothers
Instagram: / thekwakbrothers
Sam Kwak: / samkwakofficial
Daniel Kwak: / daniel.kwak.52
Hire the Kwak Brothers to Speak: info@novoelite.com
--DISCLAIMER-- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
GREAT job!
Thank you gentlemen!
What will happen if after.... 7 years i want to sell the property?
Ill need to pay whatever left on the note to the previous owner, and then he will be taxed, right?
This is GOLD
Let me know how to stay within tax limits and protect assets wow I loved his high earner but could still get assistance he’s a G@ tax knowledge. Boom quick simple math Thanks
This video is very helpful and informative.
Epic! 🙏🙌🙏
Thanks for the great video guys owner-financing expertise is GOLD!
Definitely need to study this
Thank you mates, you rock!
oh man this was really good.
Best role play and universally applicable. Subscribed.
Thank you!
This is one of your best videos....I recently found your channel and have been devouring your vids...thanks a lot!
Thank you :)
Why do you put no assignments in your contracts by either buyer or seller? They can't assign this contract only the buyer and doesn't that limit the buyer? Thank you,
I signed up but the link to the owner financing cheat guide is not working.(the one under downloadable contents)
Here is our new link: freeownerfinancingcourse.com
Thank you for sharing.
Just subscribed. You guys put out some of the better stuffs on youtube. Awesome content! What happens to the seller(owner)'s mortgage if the property is not clean and clear? Seller continues to pay the mortgage and buyer has the titler? Do banks allow that? I know this video is over a year old but it'd be great if I get a comment on that. Thanks bro
When you owner finance a deal, how does the buyer get ownership of the home, if the seller keeps the title?
It's secured by a contract! Much like a deed of trust
@@TheKwakBrothers If I Decide that after one year I wanna get a loan to pay off what is old on the house how can I do that as an owner if the title is still listed on the previous owners name?
@@marianosuero7237 I'm pretty sure that the purpose of the contract is that it states once the debt to the seller is satisfied, the deed is then transferred to you.
Awesome sauce! I love the way you used the questions to gain direction. Also, you asking him to do the math was sharp. This creates trust and gets him invested in the process. I will try the anchor thing too. Thanks guys! Probably your best one yet! #TWITA
Cheat guides not working. Update?
The new cheat guide is here: freeownerfinancingcourse.com
Love it, great advice Daniel
sigh...
Mate. I'm going to need the title for that intro.
Asians who don't do math...
Okay so where's the role-play of the negotiation with the low tax bracket seller?
This was really good, but I'm not sure how much I can extrapolate. I'm looking at a little residential property in a junky, rural, low-income neighborhood. It has the beginnings of a tiny house, basically just the shell, insulation and electrical (although some of the wiring has apparently been stolen), and a rundown shed that's full of junk. I suspect it's being offered as owner financed because tiny houses are almost impossible to get insured, and therefore financed, and it's also hard to get financing for a bare lot with no house, which this essentially is. It's all overgrown and has accumulated a lot of garbage, and the guy said he hasn't even been to the property in two years, so he's been sitting on it at least that long. I called him as I walked the property and asked his terms and the down payment he said is 26% of the asking price. Considering the amount of work I would have to do before I could even pull my camper onto the lot to begin any real work on the building, and how run down and low-income the neighborhood is, that seems insanely high. What I typically see in the area for actual homes that are move-in ready is $1-2k down. He also said 6%, but didn't say how many years. I didn't get the sense that he's done much in real estate, or at least not deals like this, but then again, neither have I, so I don't know where to go from here. I'm on disability and living in a camper in an rv park where rent is killing me, and all I want in the world is a little place of my own, instead of the awful exploitative and abusive situations I've been subject to the last couple years. This place could work for me, but I think he's shooting too high, and I want to navigate it right.