Hey Phil, I am a new investor it is so amazing that you are teaching this in schools I would love to teach this in schools and colleges one day ! Thank you for the content.
Don't seek your peer's approval. Young people have a disease of often asking friends if what they are doing is "cool". You don't need peer approval. You probably won't be the most popular among people your age when you are focusing on your dreams as opposed to being the life of the party. Your real friends will support your drive to improve your financial life. The others will drift away and it won't be a big deal anyway. Find a way to release yourself from the need to have peer approval.
Wow, that statement is so true Phil, and thank God, I'm pass that stash. Anyway back to business, Phil the Owner financing and the Subject too, are these best to use with Pre-foreclosures, and is this allow in every state?
Have you watched it? I delivered this lecture to a class at the University of Central Florida. It's the truth behind buying real estate without cash or credit.
You are an excellent teacher.The type of knowledge you are rendering for free here is what one can not get from the professors even after years of college education. Thank you!
I like all your video. Very informative and truthfully. Thank you for sharing your knowledge and wisdom about real estate. We just bought the beach house in RI state but the opportunity for Rent present. I didnot plan to become passive real estate investment. So I am trying to watch all your videos on TH-cam. Thank you.
I used Phil’s advice from one of his videos when I sold my last flip. I had a few issues that needed fixed on the property. Instead of fixing the problems I wrote a check to the buyers at closing as credit to complete the transaction without hassle. Sold the house with the existing problems!
Actually, my main concern is not that you would be focused on fancy cars, hot girls or partying, but that you would require peer approval. Most people must have approval from friends and family, especially those under age 25, before they do anything out of the ordinary. It sounds like that is not a problem for you. Congratulations! And hopefully by providing you with hours of college level real estate education videos for free as well as one on one personal advice, it reveals my character :)
I've been strolling slides in with social security income for the past 20 years and can barely make it. I didn't do much of anything, have much of I never thought I'd have anything. Now with my older years I want something, need something and have something to leave behind for my daughter! Finally I think I think I have found something I believe I can grasp and I can get something have something and be something and leave something substantial 🤗 behind for my daughter!!! All because of this book, it's information and it's author.!!!!. To him, thank you very much for the information and the chance to be somebody and to be proud of myself, thank you, thank you so very, very much !!!!!!!! Respectfully, ALBERT A. EDWARDS
Very appreciative of your immensely precise and insightful practical knowledge that you put out that could be absorbed and applied. It's almost like taking classes from instructors who scream and rant and fill up time with motivation talks mumbo jumbo but no real substance. Your videos are starkly different with real steps one can take right now. Very thankful for your efforts and time and truly remarkable gifted teaching
I rarely mention anything about how to find truly motivated sellers to the general public. I relegate those tips to just my personal mentoring students. But in this video, I described how driving around works well and also, I have a video on "How to Get Motivated Sellers" using Craigslist in my TH-cam channel
This was a very motivated video I'm typically a motivated person in general but thank you for this! I'm 23 and I'm so excited about starting my real estate business
I'm totally hooked on your videos. No one else doing vids on these subjects comes even close to you when it comes to clear, organized and concise delivery of the right information. Thank you for what you do.
This guy actually provided EXAMPLES of the answer to this question in UNDER 10 MINS!!.. instead of ripping people off @ $200 a pop while rambling on about irrelevant crap over the course of a 3-day “education” seminar (which in reality, consists of little more than ‘pep-talk’ & ‘sales pitches’ as opposed to any real concise or implementable instruction.) THANK YOU PHIL!! 😃SUB’d!!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
The title of my best selling book is, "How to be a Real Estate Investor", available on Amazon, Barnes and Noble, Audible, etc. You can also get a digital copy of the book for free on my website.
Thank God I bumped onto this. With a passion in real estate agency business and right up preparing a business plan for my yet to launch company on the same, am home on this channel. You are such an expert on this sir.👏
Phil....I'm a quiet fan of yours - have been for yours. THIS video is, in my humble opinion. the best of the bunch. Why? Relatively unscripted. You clearly are a seasoned guy and a great teacher. Great with audiences. But the thing I respect most is you come across as genuine and credible. As for me, I'm a retired Army guy who, about mid-way through his military life, started moonlighting as an investor (inspired by Carlton Sheets at the time). I've "only" been into about 20 deals or so as a principle party (and many more as a non-principle). Keep up the great work, Brotha. Carlton Sheets sets a high bar, but given your style you'll certainly give his legacy a run for his money!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
The students were way less than enthusiastic, i wish we had a great speaker like this when i was getting my degree at MTSU. i would have probably started in real estate much sooner!
I am including those items as well. Most mortgages on residential loans include taxes and insurance and then in the cases where HOA dues are involved, that certain goes against the cash flow. As far as maintenance, that really depends on how you structure the deal with the tenant. If you construct the deal correctly, you can make the tenant responsible for all maintenance items.
ABSOLUTELY! Typically, we do Subject To deals when the seller is a payment (or a few payments) behind. We use the down payment from the Rent to Own Tenant Buyer to cover the back payments.
I just attended a good seminar...thank you Phil..its April 07, 2020 days of pandemic covid 19..I felt alive after watching this seminar...I thought I'm doomed!!!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Great great video! Great information! I am so very grateful to have found your channel! I am beginning tax lien purchases for rentals and flips in Ohio and Texas and your information on student rentals is awesome! Thanks for sharing!
The deals are out there, and the skills you can learn by watching great videos like this. Nice lecture, Phil- I just hope your students apply what they've learned!
Are you asking me if you can take over this seller's property subject to his existing financing? The better person to ask this question of is the seller him/herself. Will the seller allow you to take over the payments of their existing mortgage?
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
You can always ask the realtor if they would ask the seller if they would do any creative financing on the purchase. Remember that if the agent gets their 3% commission, they will do whatever. But if you try to "get creative" with their commission, you're calls will stop being returned ;)
This topic of how to hold real estate, whether in a trust, an LLC, personally, has many dimensions and depends on many factors. There is no cookie-cutter approach. In certain states, Trusts defeat their own purpose, whereas in others, they are great for anonymity (but that is it). LLCs provide liability protection but they sometimes create massive state business tax bills, as in Tennessee. Owning personally can work so long as you have a solid liability insurance policy to protect you.
Phil, just want to say thank you for taking the time to share the valuable knowledge you've gained. Not everyone does that, you made this real estate learning curve even more easier. Thank you, thank you, thank you!! God bless.
I have just received your free book, "How to Be a Real Estate Investor." I also applied for the Apprentice position, however, I have been put on the waiting list. Until then I will be learning more from your videos, and reading your book. I will more than likely get your second book, "Real Estate Investing Gone Bad." I hope my short story on the application will get your attention. I am so ready to get on with the business of doing business and having a career in real estate and construction. Thank you Phil, for your videos and the free book I just received today. I am in preparation mode until then, to be one of your apprentices. I am a blank canvas.
You are the best yet. I am so glad I found your channel Looks like you love to spread knowledge . A lot people are stingy. If you charge it is worth it. Just my 5cents LOL
Hey man nice video I'm currently 18 years old and wanna get in the investing business I start working in 4 days full time , no school , no debt. Hopefully I'm successful within a year of saving. Nice video !
I am 49 and have just started my real estate journey. I know I'm not too late - by any means. However, I am envious of the 3 of you for finding this out early in life. My 2 cents: Just sponge up all the RE education you possibly can. Not just from the awesome Phil Pustejovsky, but all material you can get your hands until you can make wise decisions.
Good luck everyone, and thanks for sharing the motivation throughout the RE community, I have noticed lots of this through my surfing/researching. That's what I'm working on Choi, just trying to funnel as much information relating to RE, financing, and etc into my brain. So far so good, but still have LOTS to learn. Especially when I've never owned a property yet, so my learning curve is whatever I can find on the internet from credible sources. I guess the "on the job training" will begin when I pull the trigger on a small mortgage. Good luck guys, hope we all succeed and achieve our goals. We have a awesome community and support, we never have an unanswered question in the RE community, its beautiful.
Sean, I'm not sure what circles you frequent in the real estate world but a "Deed" is short for a "Warranty Deed" or a "Quitclaim Deed" or for foreclosures, a "Special Warranty Deed" or in California, a "Grant Deed". A Deed is short for an recorded instrument used to transfer title. On the other hand, a "Deed of Trust" is not a promissory note, but a recorded instrument to secure the loan to the property. Some states use a mortgage instead of a Deed of Trust for that.
Your sir, are awesome. This video has completely changed my point of view on home ownership, rentals, and leases. Thanks for this amazing insight! Do you have anymore videos like this?
Washington State. Watch my video "Is Flipping Real Estate Illegal?" for more insight on the wacky and what I consider unconstitutional real estate laws of Washington State.
I'm 17 and watching you explain this subject is amazing. I actually get it. I've always been poor. Upper poor but still not middle class and I want to buy a home and rent it out to some people. My father and me will try and do this together. Any tips for a 17 year old? lol
Hi Phil, Great advices, I'm from Europe - Luxemburg and i would be amazed to find someone hwo can give such advises based our laws. Thank you for sharing this.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
The lease option can be for as long as you negotiate. If you want to truly become the owner, don't go the lease option route. Instead, you would have to do an owner finance or subject to creative financing arrangement.
52:35 I dont understand, putting money up for a second mortgage on this property if doing a lease option on it. Phil is always very Informative and fun, great lecture for Newbies! Subscribed! JQP
Thanks for posting this video!! Huge help. I'm 18 right now and I have no money at the moment so this was exactly what I needed. Also, what are your thoughts on me starting out at an early age? Do you think it's advisable?
Yes, the lease agreement that you have with the original seller would have language in there that would allow "sub-leasing". Think of how common this is, though. How often do young people lease a house and then sub-lease rooms to their friends? Sub-leasing is extremely common.
Im 38. I have purchased 2 homes outright. My first house was paid in full in 3yrs. I currently own a duplex, paid in cash and currently renting both sides. I inherited nothing. Ive never made more than $15.50/hr. It's about financial intelligence and creativity. Real estate is great for profit, as well as owning business. Tax breaks are key
@@justkeshawnn pay off any debt you currently have. Use your credit to purchase things, and or rent/lease to own if you don't have any credit. Make the seller your bank
Hello Phill! I love your videos. I just graduated with a finance degree but I love real estate but I don't have good income. Which of the options that you brought up do you think is the best
your videos are incredibly inspiring! I definitely have the burning desire. Only time will tell if I have the persistence. So far, you are my mentor! haha Thank you
Hi Phil how do I go about advertising my unit to college students? Do I call the local colleges in my area? And what department do I speak with Human Resources. I really love this idea..
Thank you for the video. It was very enlightening, yet I was confused about challenge 3. Im confused as to why it did not fall under the category of creative buying? Can you please explain. Thank you.
Just watching this after almost 8 years of been posted, but honestly its an eye opener to a fortune have being sitting on for almost a year without tapping it. 👍👍👍
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
thankyou, i've learned so much from this.. it's also proven me i'm sort of doing it right! i started a hotel in africa and talked with the owner.. i just invested a little bit to upgrade the property but he stayed the owner.. i directly rented it out to tourists and earned. the only problem was that he saw the opportunity as well and he kicked me out. :(
Im so happy to see that you answer peoples questions and help new, soon to be, or already Real Estate Investors. I really want to buy my first rental property soon with the subject to method but I do have one question.. What is the best method to find these kinds of deals when you're just starting out? I've considered looking for pre-foreclosures and looking around for the for sale by owner signs.. Anything else I should know about? Id also really like a mentor. Im very serious about getting into real estate and feel that a mentor could help me decide what deals I should and shouldnt go through. How do I find the right mentor? Could you or anyone you know become my mentor? Id be willing to pay because I understand the great opportunities that lay in real estate investing.
Ahhh, that's the million dollar question. Finding good deals. You have to target motivated sellers. It's an art that is every changing and collectively, my team and I spend hundreds of thousands of dollars in marketing costs to master it. Most businesses in America fail due to an inability to generate solid leads. In that video, I do slip in a great technique for finding these deals.
If it were me I'd contact everyone involved in the transactions. Meaning I'd go where the people who hold property. The bank, title company, the county and auctions.
This is very interesting to watch. I'm interesting in buying a home but my income only $1500 and i need to support my family too. Not sure when I can buy. My credit is really good though.
I'm an UCF student, Economics major. Graduating this fall 2016. Learning to wholesale real estate in the Orlando area recently, trying to reach your level Phil
Thanks for the video Phil. A question about a "subject to" deal: How does the buyer make the monthly mortgage payments on behalf of the seller? I mean technically, what is the procedure? Give the mortgage payments to the seller who then pays the bank? Or is there a way that this can happen directly without involving the seller?
He mentioned in this video or another that a bank will take payment from anybody on a property, as long as they get their money. I wouldn't give the money to the seller to pay it...
This lecture was taught at the University of Central Florida. I have been doing this for a very, very long time. It's as real as real estate.
I desperately need your help, is this still accurate?
@@yennifercabrera7473 Absolutely
@@freedom_mentorThen can you email me at yennifercabrera0022@gmail.com
Hey Phil, I am a new investor it is so amazing that you are teaching this in schools I would love to teach this in schools and colleges one day ! Thank you for the content.
Owner Financing; 4:44
Subject to Financing: 12:45
Lease Option: 24:21
Not all heroes wear capes
You deserve the like ! Jaja
Thank you so much! God bless you!
I’m the 100th like btw
Im flagging your comment..., so I can refer to it easier ... :) Lol
this guy is legit he doesn't bs he gets straight to the point and gives great advice.
4:44 With Owner Financing, what guarantee does the owner have if you can't pay the monthly payment?! sounds like BS to me.
Don't seek your peer's approval. Young people have a disease of often asking friends if what they are doing is "cool". You don't need peer approval. You probably won't be the most popular among people your age when you are focusing on your dreams as opposed to being the life of the party. Your real friends will support your drive to improve your financial life. The others will drift away and it won't be a big deal anyway. Find a way to release yourself from the need to have peer approval.
Hey man you went to the same school as Skip Bayless the sports journalist that's so cool
I have a friend that this system you using could really help! 👍🏼
Thank you for sharing
I really felt this 💯
I feel like I didn't understand the with or with out?
Wow, that statement is so true Phil, and thank God, I'm pass that stash. Anyway back to business, Phil the Owner financing and the Subject too, are these best to use with Pre-foreclosures, and is this allow in every state?
I’ve learned more in this video than some people would sell you for a thousand; this guy is the real deal!
Have you watched it? I delivered this lecture to a class at the University of Central Florida. It's the truth behind buying real estate without cash or credit.
You are an excellent teacher.The type of knowledge you are rendering for free here is what one can not get from the professors even after years of college education. Thank you!
I like all your video. Very informative and truthfully. Thank you for sharing your knowledge and wisdom about real estate. We just bought the beach house in RI state but the opportunity for Rent present. I didnot plan to become passive real estate investment. So I am trying to watch all your videos on TH-cam. Thank you.
I used Phil’s advice from one of his videos when I sold my last flip. I had a few issues that needed fixed on the property. Instead of fixing the problems I wrote a check to the buyers at closing as credit to complete the transaction without hassle. Sold the house with the existing problems!
paul burdi That's actually a win for the buyers.
Actually, my main concern is not that you would be focused on fancy cars, hot girls or partying, but that you would require peer approval. Most people must have approval from friends and family, especially those under age 25, before they do anything out of the ordinary. It sounds like that is not a problem for you. Congratulations! And hopefully by providing you with hours of college level real estate education videos for free as well as one on one personal advice, it reveals my character :)
Thank you!! Most who make it keep it a secret and keep everyone else in the dark and in poverty! God bless you.
I've been strolling slides in with social security income for the past 20 years and can barely make it. I didn't do much of anything, have much of I never thought I'd have anything. Now with my older years I want something, need something and have something to leave behind for my daughter! Finally I think I think I have found something I believe I can grasp and I can get something have something and be something and leave something substantial 🤗 behind for my daughter!!! All because of this book, it's information and it's author.!!!!. To him, thank you very much for the information and the chance to be somebody and to be proud of myself, thank you, thank you so very, very much !!!!!!!! Respectfully, ALBERT A. EDWARDS
Check out my course on Udemy dot com called Creative Real Estate Investing and Flipping Houses
Very appreciative of your immensely precise and insightful practical knowledge that you put out that could be absorbed and applied. It's almost like taking classes from instructors who scream and rant and fill up time with motivation talks mumbo jumbo but no real substance. Your videos are starkly different with real steps one can take right now. Very thankful for your efforts and time and truly remarkable gifted teaching
I rarely mention anything about how to find truly motivated sellers to the general public. I relegate those tips to just my personal mentoring students. But in this video, I described how driving around works well and also, I have a video on "How to Get Motivated Sellers" using Craigslist in my TH-cam channel
God bless your beautiful heart ❤
This was a very motivated video I'm typically a motivated person in general but thank you for this! I'm 23 and I'm so excited about starting my real estate business
Owner finance. Subject to. Lease options. Leave name of deed in trust. GOT IT!
This video was absolutely brilliant. You just earned a new long term subscriber and book buyer. Thanks Phil.
Phil, You're awesome. Your energy and passion for the subject is positively infectious!
I'm totally hooked on your videos. No one else doing vids on these subjects comes even close to you when it comes to clear, organized and concise delivery of the right information. Thank you for what you do.
I really like your strong commentary on real estate Phil-you've really have inspired me. Thx
Wow, you are a great instructor, one of the best I"ve heard in RE!
This guy actually provided EXAMPLES of the answer to this question in UNDER 10 MINS!!.. instead of ripping people off @ $200 a pop while rambling on about irrelevant crap over the course of a 3-day “education” seminar (which in reality, consists of little more than ‘pep-talk’ & ‘sales pitches’ as opposed to any real concise or implementable instruction.) THANK YOU PHIL!! 😃SUB’d!!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
SIMPLIFIED+STRAIGHT TO THE POINT+HUMOR= NEW SUBSCRIBER!!! SO GLAD I FOUND YOUR CHANNEL😀😀😀
The title of my best selling book is, "How to be a Real Estate Investor", available on Amazon, Barnes and Noble, Audible, etc. You can also get a digital copy of the book for free on my website.
Thank God I bumped onto this. With a passion in real estate agency business and right up preparing a business plan for my yet to launch company on the same, am home on this channel. You are such an expert on this sir.👏
GREAT VIDEO! Lost track of time and I would watch it all over again!
wow man , this's been an eye opener ...live rented,been looking to buy ...education is everything
Phil....I'm a quiet fan of yours - have been for yours. THIS video is, in my humble opinion. the best of the bunch. Why? Relatively unscripted. You clearly are a seasoned guy and a great teacher. Great with audiences. But the thing I respect most is you come across as genuine and credible. As for me, I'm a retired Army guy who, about mid-way through his military life, started moonlighting as an investor (inspired by Carlton Sheets at the time). I've "only" been into about 20 deals or so as a principle party (and many more as a non-principle). Keep up the great work, Brotha. Carlton Sheets sets a high bar, but given your style you'll certainly give his legacy a run for his money!
Carlton is a great guy! Thanks for your comment.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
The students were way less than enthusiastic, i wish we had a great speaker like this when i was getting my degree at MTSU. i would have probably started in real estate much sooner!
Dewayne Beard , I know , his audience is on downers or something. I wish my teachers were half as exciting. and good-looking in college
College kids. Too cool to be enthusiastic.
Bunch of dumbnuts who's waiting to waste money on themself and their friends just to look cool.
I mean it could mean they are just not into real estate. Its not for everyone.
That is Central Florida, it’s not a go getter place.
This video answered a bunch of questions for me. Great info.
Thank you Phil. This video has motivated me beyond belief!!!
I am including those items as well. Most mortgages on residential loans include taxes and insurance and then in the cases where HOA dues are involved, that certain goes against the cash flow. As far as maintenance, that really depends on how you structure the deal with the tenant. If you construct the deal correctly, you can make the tenant responsible for all maintenance items.
ABSOLUTELY! Typically, we do Subject To deals when the seller is a payment (or a few payments) behind. We use the down payment from the Rent to Own Tenant Buyer to cover the back payments.
Absolutely one of the best explanations out there! Thanks Phil!
Read my book "How to be a Real Estate Investor". Now is as good of a time to get into real estate as you will see in the next 20 years
I am only 7min, in and I am FREAKING excited already THANK YOU..
Dream Projects freaking excited? That's so cute! I say that the first step in real estate investing is to dream!!!
Dream Projects
Freeport N.Y
Dream Projects communism
Sorry
Ana Q communism
Sorry
No property ownership
Consider yourself lucky to get a bunk bed on the ground
Three years have gone by. How much have you made? $$$ ?
Hi
I am Tanzanian , thanks bro
Now days monst of young in Tz learn alot from
You Teacher
God bless you
true we are together
I just attended a good seminar...thank you Phil..its April 07, 2020 days of pandemic covid 19..I felt alive after watching this seminar...I thought I'm doomed!!!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Phil the king of Real Estate Brilliant video and i really appreciated your effort .....
May god bless you in your business
I've done a ton of deals with my students in California. It's one of our most profitable states in which we do creative real estate investing.
I would love to hang with you for 3 months,see what i could learn sir.
Great great video! Great information! I am so very grateful to have found your channel! I am beginning tax lien purchases for rentals and flips in Ohio and Texas and your information on student rentals is awesome! Thanks for sharing!
Phil you are great you enlightening me I consider you a very useful mentor .
This is a great speaker, I see myself talking knowledge like this and you made me love real estate for sure and thank you very much
The deals are out there, and the skills you can learn by watching great videos like this. Nice lecture, Phil- I just hope your students apply what they've learned!
Phil, your videos are great... Glad I have you on here to subscribe to. Inspirational and informative. Thank you
Why would you go to standard, traditional finance company who would require 25% down when the seller is agreeing to do a lease purchase?
Are you asking me if you can take over this seller's property subject to his existing financing? The better person to ask this question of is the seller him/herself. Will the seller allow you to take over the payments of their existing mortgage?
7 years after and this is still motivating people like me.
And it is exactly what my Apprentices and I do everyday. Everything described in this video is still applicable today.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
@@TommyleeATGMAILDOTcom-ws3wg how do I start what do I do
This should be called buy homes without bank loan
Truth
thank you so much for this. thought about doing real estate for years. I was afraid of not having enough finances to pull it off!!!!
Sharon Miller
I like this guy. Great info and education.
You can always ask the realtor if they would ask the seller if they would do any creative financing on the purchase. Remember that if the agent gets their 3% commission, they will do whatever. But if you try to "get creative" with their commission, you're calls will stop being returned ;)
This topic of how to hold real estate, whether in a trust, an LLC, personally, has many dimensions and depends on many factors. There is no cookie-cutter approach. In certain states, Trusts defeat their own purpose, whereas in others, they are great for anonymity (but that is it). LLCs provide liability protection but they sometimes create massive state business tax bills, as in Tennessee. Owning personally can work so long as you have a solid liability insurance policy to protect you.
hey man, I am 12 years old and have a passion for real estate.
I already have made my plans for the future
deep batra Good work. Keep it up!
deep batra
nice thats great
Listen I was 12 and did too. Start saving money and you will have the cash plus you can do things this man is talking about.
Best testimonial ever! GOOD LUCK!
Damn
Phil, just want to say thank you for taking the time to share the valuable knowledge you've gained. Not everyone does that, you made this real estate learning curve even more easier. Thank you, thank you, thank you!! God bless.
This is a great video, I read your book and you have an amazing gift. Thank you so much for helping us out 🙏
Pretty much all of it. We've done deals in CT. Great state to do this business.
I have just received your free book, "How to Be a Real Estate Investor." I also applied for the Apprentice position, however, I have been put on the waiting list. Until then I will be learning more from your videos, and reading your book. I will more than likely get your second book, "Real Estate Investing Gone Bad." I hope my short story on the application will get your attention. I am so ready to get on with the business of doing business and having a career in real estate and construction. Thank you Phil, for your videos and the free book I just received today. I am in preparation mode until then, to be one of your apprentices. I am a blank canvas.
How do we get free book?
Those that go to my website and provide their email address...I keep those folks up to date of when I am delivering my next lecture.
You are the best yet. I am so glad I found your channel Looks like you love to spread knowledge . A lot people are stingy. If you charge it is worth it. Just my 5cents LOL
Maybe it's his way of giving back. This world lacks generosity.
+foxybrown2 This is def the best channel for the topic
brendagbrooksorder dvd frommy. phone
foxybrown2
He will reap goodness for sure!!
Hey man nice video I'm currently 18 years old and wanna get in the investing business I start working in 4 days full time , no school , no debt. Hopefully I'm successful within a year of saving. Nice video !
Smart . I'm in the exact same boat as you. Very smart and there are plenty of reasons why .
Same other than I'm 21, working right now and saving up. Trying to save for a cheap SFH or duplex right now.
Hope the both of you are successful !
I am 49 and have just started my real estate journey. I know I'm not too late - by any means. However, I am envious of the 3 of you for finding this out early in life.
My 2 cents: Just sponge up all the RE education you possibly can. Not just from the awesome Phil Pustejovsky, but all material you can get your hands until you can make wise decisions.
Good luck everyone, and thanks for sharing the motivation throughout the RE community, I have noticed lots of this through my surfing/researching.
That's what I'm working on Choi, just trying to funnel as much information relating to RE, financing, and etc into my brain. So far so good, but still have LOTS to learn. Especially when I've never owned a property yet, so my learning curve is whatever I can find on the internet from credible sources. I guess the "on the job training" will begin when I pull the trigger on a small mortgage. Good luck guys, hope we all succeed and achieve our goals. We have a awesome community and support, we never have an unanswered question in the RE community, its beautiful.
Sean, I'm not sure what circles you frequent in the real estate world but a "Deed" is short for a "Warranty Deed" or a "Quitclaim Deed" or for foreclosures, a "Special Warranty Deed" or in California, a "Grant Deed". A Deed is short for an recorded instrument used to transfer title. On the other hand, a "Deed of Trust" is not a promissory note, but a recorded instrument to secure the loan to the property. Some states use a mortgage instead of a Deed of Trust for that.
Posting the room for rent on Craigslist with some nice photos worked for me!
Watch my video "Should Real Estate Investors Get a Real Estate License?"
That is a tax question. Please refer to a CPA to give you the correct details on that.
You were sure right about it being a good time to buy in Nov. 2012
Who keeps up the insurance on the hous
Your sir, are awesome. This video has completely changed my point of view on home ownership, rentals, and leases. Thanks for this amazing insight! Do you have anymore videos like this?
Great Info Phil, will make it happen to get your mentoring asap!! Thanks and keep sharing, "to those that give much, much will be receive"
Me i am in the disability i would love to do it love the way you explain this program
Washington State. Watch my video "Is Flipping Real Estate Illegal?" for more insight on the wacky and what I consider unconstitutional real estate laws of Washington State.
I'm 17 and watching you explain this subject is amazing. I actually get it. I've always been poor. Upper poor but still not middle class and I want to buy a home and rent it out to some people. My father and me will try and do this together. Any tips for a 17 year old? lol
How do you cover emergencies in a rental if poor?
@@raygordonteacheschess5501 just call a plumber. Simple. Otherwise insurance will do
Thank you for all of your assistance, i will watch video again and try to find some motivated sellers.
Every now and then, your trolling pays off. Glad I found this.
Hi Phil,
Great advices, I'm from Europe - Luxemburg and i would be amazed to find someone hwo can give such advises based our laws.
Thank you for sharing this.
Watching this 8 years after post. Must mean I really need this.
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I want to learn more from you thank you so much for sharing your experience and God bless you and your family
The lease option can be for as long as you negotiate. If you want to truly become the owner, don't go the lease option route. Instead, you would have to do an owner finance or subject to creative financing arrangement.
The information in this video is well presented and I found it very helpful.
You are an amazing speaker and teacher. It's no wonder you are successful!
Marnu B ---He's hamdsome to ;). No uhs and umms in a person's speech also go a long way
52:35 I dont understand, putting money up for a second mortgage on this property if doing a lease option on it. Phil is always very Informative and fun, great lecture for Newbies! Subscribed! JQP
Thanks for posting this video!! Huge help. I'm 18 right now and I have no money at the moment so this was exactly what I needed. Also, what are your thoughts on me starting out at an early age? Do you think it's advisable?
Yes he's all for it. Just be educated like you're doing, watching these vids
Yes, the lease agreement that you have with the original seller would have language in there that would allow "sub-leasing". Think of how common this is, though. How often do young people lease a house and then sub-lease rooms to their friends? Sub-leasing is extremely common.
Im 38. I have purchased 2 homes outright. My first house was paid in full in 3yrs. I currently own a duplex, paid in cash and currently renting both sides. I inherited nothing. Ive never made more than $15.50/hr. It's about financial intelligence and creativity. Real estate is great for profit, as well as owning business. Tax breaks are key
any tips, i’m only 17. I turn 18 in may and hope to rent out a property.
@@justkeshawnn pay off any debt you currently have. Use your credit to purchase things, and or rent/lease to own if you don't have any credit. Make the seller your bank
Hello Phill! I love your videos. I just graduated with a finance degree but I love real estate but I don't have good income. Which of the options that you brought up do you think is the best
All of them. It depends on the deal. Watch this video for more clarity on this whole subject: th-cam.com/video/ZvZuISt_f0E/w-d-xo.html
your videos are incredibly inspiring! I definitely have the burning desire. Only time will tell if I have the persistence. So far, you are my mentor! haha
Thank you
Hi Phil how do I go about advertising my unit to college students? Do I call the local colleges in my area? And what department do I speak with Human Resources. I really love this idea..
Thank you for the video. It was very enlightening, yet I was confused about challenge 3. Im confused as to why it did not fall under the category of creative buying? Can you please explain. Thank you.
Just watching this after almost 8 years of been posted, but honestly its an eye opener to a fortune have being sitting on for almost a year without tapping it. 👍👍👍
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AMAZING VIDEO! ONE OF THE BEST OF TH-cam.
thankyou, i've learned so much from this.. it's also proven me i'm sort of doing it right! i started a hotel in africa and talked with the owner.. i just invested a little bit to upgrade the property but he stayed the owner.. i directly rented it out to tourists and earned. the only problem was that he saw the opportunity as well and he kicked me out. :(
Andromeda awww that's sad , all the best for your future endeavours , this experience shall help you.
Andromeda
“Africans”
You should have got the deed sign in your name
Thank you Phil....great wisdon dont stop sharing...
Thank you Phil ..Great info.
Im so happy to see that you answer peoples questions and help new, soon to be, or already Real Estate Investors. I really want to buy my first rental property soon with the subject to method but I do have one question.. What is the best method to find these kinds of deals when you're just starting out? I've considered looking for pre-foreclosures and looking around for the for sale by owner signs.. Anything else I should know about?
Id also really like a mentor. Im very serious about getting into real estate and feel that a mentor could help me decide what deals I should and shouldnt go through. How do I find the right mentor? Could you or anyone you know become my mentor? Id be willing to pay because I understand the great opportunities that lay in real estate investing.
You can apply to my Apprentice Program here: www.freedommentor.com/apprentice
thank you for schooling me on how to become the lender and how to use rent to own.
Ahhh, that's the million dollar question. Finding good deals. You have to target motivated sellers. It's an art that is every changing and collectively, my team and I spend hundreds of thousands of dollars in marketing costs to master it. Most businesses in America fail due to an inability to generate solid leads. In that video, I do slip in a great technique for finding these deals.
If it were me I'd contact everyone involved in the transactions. Meaning I'd go where the people who hold property. The bank, title company, the county and auctions.
Love this video! It has helped clear up a lot of questions that I had about jumping in to real estate investing! Thanks for sharing your knowledge.
Someone in my class bought his home from a retired homeowner and he pays him mortgage.
@59:00 "take down those signs man". 😄😄😄😄😄 that accent was funny as hell Phil. I couldnt stop laughing.
This is very interesting to watch. I'm interesting in buying a home but my income only $1500 and i need to support my family too. Not sure when I can buy. My credit is really good though.
I'm not religious...but this guy is a gift from God
I'm an UCF student, Economics major. Graduating this fall 2016. Learning to wholesale real estate in the Orlando area recently, trying to reach your level Phil
this is really a good video. THANKS A LOT PHIL.
Thanks for the video Phil. A question about a "subject to" deal: How does the buyer make the monthly mortgage payments on behalf of the seller? I mean technically, what is the procedure? Give the mortgage payments to the seller who then pays the bank? Or is there a way that this can happen directly without involving the seller?
He mentioned in this video or another that a bank will take payment from anybody on a property, as long as they get their money. I wouldn't give the money to the seller to pay it...
thank you for this video. i took so many notes. im from toronto. can you come here and teach. you seem like fun...and honest