I just would like to give some thanks to Grant , I have literally listened to most of these REI, Coaching platforms and everyone building these Teams , but I really want to thank you Grant again , I feel you give so much more to us learning , and understanding these techniques without going out and spending 5 or 10,000 dollars and joining these groups , which I'm not able to spend or I would join somebody's team , there is a lot to learn and you really do explain things in full details, where some guys only explain things to a point , so without writing a book thanks for everything your doing on this platform
Thanks a lot Grant and Propelio! I'm a newbie and soaking all of these videos in. My goal is to buy my first seller financed property first quarter of next year. Keep up the great work it is so appreciated!! By the way I live in Minnesota :)
Hey Grant! Which one of your courses should I buy If I want to learn how to become the seller who finances his property to the buyer?? Is Dan Diaz's seller finace course a better option?? THX
So glad to hear it!!! We actually now have a live show that we can interact with you and answer questions live... we go live everyday at 11am CST - Thanks for watching:)
The contracts would need to be specific for your state and owner financing. You may or may not be able to use your current contract with an addendum, but the terms would need to be clearly tailored for a sub2 or wrap transaction.
Forgive me...I can be slow sometimes. Are you talking about buying with owner finance or selling? I seems like you switch halfway through. If you're the seller, what method are you buying the house with? Wholesale?
I have known Grant for close to 7 years, I am lucky if he answers my call. I do know he has a mastermind group though if you want to reach out to him on creativecashflow.com
a family member that knows me very well, wants to sell her house close to retail. She knows that I really don't have any money. How do I convince her that I can take care of the payments if something goes wrong? What protects her if I can't perform? Thinking ahead about the objections. Hopefully she just says yes anyway.
The purchaser at auction would be purchasing the property subject to the first and second lien position. When going to auction you must be very careful to know what lien position is foreclosed on.
@@Propelio Thanks for the heads up Grant Another question just to make sure I got it clear so if their are extra liens that came after the 3rd position then they would automatically be knocked out at auction correct but the liens before hand would not is that the whole thing to sum it up ?
Why would a seller sell to you without venting you? They would pull credit and call your employer if you were only renting from them. Now you are asking for the seller deeding you their house.
They don’t have any options. Usually those are the people who cannot qualify for the loan traditionally so this way of purchasing is their only option.
You would have the title company create a warranty deed with vendors lien to transfer the title to you, a real estate lien note to secure the debt to the seller, and a security instrument such as a deed of trust or mortgage to allow the seller to foreclose in the event of default.
WhaT happens if you dont have a mortgage on you home and you do sellers financing and three moths later the buyer stops there payments can you still do a deed lou foreclosure? Or do the have to sign a contract that would make them give up the home back?
If the buyer was willing to Deed in Lieu, then yes you could do that, but if they were not willing you would have to foreclose. A contract created in advance of a foreclosure that would require a buyer to skip the foreclosure process is not legal to the best of my knowledge. The laws for foreclosure are there for a reason, and you can not write a contract to skip the law.
![ALLY - OH MY! [ REACTION ] 'Amarin Nitibhon' #ALLY_OHMY #ALLY #allynitibhon #แอลลี่](http://i.ytimg.com/vi/nX9qpHjVfbQ/mqdefault.jpg)
Excellent teacher, top notch communication skills, thank you for these videos. Thanks so much.
thanks Ricardo... do you watch the Grant, Teach Me Something series live on facebook? every weds morning 11am CST
Oh man, that's so awesome to see! Thank you so much!
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I just would like to give some thanks to Grant , I have literally listened to most of these REI, Coaching platforms and everyone building these Teams , but I really want to thank you Grant again , I feel you give so much more to us learning , and understanding these techniques without going out and spending 5 or 10,000 dollars and joining these groups , which I'm not able to spend or I would join somebody's team , there is a lot to learn and you really do explain things in full details, where some guys only explain things to a point , so without writing a book thanks for everything your doing on this platform
This has got to be the most detailed explanation of Owner Financing I've ever whatched. Thank you!
Grant is a good dude!
Dude thanks so much. I’ve been trying to find something like this to understand how deals are structured.
So surprised that more people dont find this channel. All of you do a great job with the gold you give.
Thank you for such a detailed description!
You are so welcome!
Solid solid content really helped me understand owner financing.
Thank you.
Great info, can’t wait to check out the rest of them! Thanks!
Excellent video, the subject is well-rounded. Keep up the good work!
Thanks for the Info. Subbed.
Great video, thanks a lot.
Seriously LOVING this owner finance series. Thank you for what you do Propelio!
I'm so incredibly encouraged by seeing comments like yours. Thanks @amara!
Thanks a lot Grant and Propelio! I'm a newbie and soaking all of these videos in. My goal is to buy my first seller financed property first quarter of next year. Keep up the great work it is so appreciated!! By the way I live in Minnesota :)
How did it go? Did you manage to do it?
Great job teaching this information. I understand this better now
Great Teacher
How do you get the paperwork to get owner financing done? Is it like a standard purchase agreement?
You definitely need some state specific contracts to go along with your normal purchase contract to make sure you're set and solid
Hey Grant! Which one of your courses should I buy If I want to learn how to become the seller who finances his property to the buyer?? Is Dan Diaz's seller finace course a better option?? THX
Miss yeah on Wednesday ... Had the Hedge Hog realization this week.. 👍🏼
Great information and guidance!
Thanks for sharing this info!
I just found this channel. Good stuff!
So glad to hear it!!! We actually now have a live show that we can interact with you and answer questions live... we go live everyday at 11am CST - Thanks for watching:)
Where do I get the contracts for owner financing? Or can you use the same purchase agreement that I use without owner financing? Thank you,
The contracts would need to be specific for your state and owner financing. You may or may not be able to use your current contract with an addendum, but the terms would need to be clearly tailored for a sub2 or wrap transaction.
19:10 +Propelio TV can you please give a link to your separate LLC and business startup video? Thanks.
You can watch the full training for free at propelio.com/academy
Forgive me...I can be slow sometimes. Are you talking about buying with owner finance or selling? I seems like you switch halfway through. If you're the seller, what method are you buying the house with? Wholesale?
buying owner finance via sub2 then selling owner finance via wrap
Thanks for all information and the book reference. Subscribed.
Awesome! we have a ton more content coming at you 10/1/18
@@Propelio can't wait man.
Very good. we did 3 last 4 months thanks.
Great video! Great teacher! I’ll be watching the other videos. I’m Happy that I stumbled on this.
Much appreciated
How do I find a mentor to help with the subject to owner finance deals. Do you offer it
The tower "leaning" was funny 😀
Grant's a funny guy!
I'm glad someone appreciates my dad jokes 😂
Great presentation except that I am sometimes confused as to whether you are speaking as the seller or as the buyer.
He is speaking from the sellers perspective
Do you have a video on comping a single family home?
yes, search for propelio comps on youtube and there are a few videos that go really deep on SF comping.
I want to wholesale a house with owner financing in which the owner owns it free and clear. What is the best way to do this?
AMAZING PRESENTATION! I have a few questions I would like to ask you over a phone call. Any possible way of doing that? Thank you
I have known Grant for close to 7 years, I am lucky if he answers my call. I do know he has a mastermind group though if you want to reach out to him on creativecashflow.com
Where are the rest of videos in this series?
Propelio.com/academy for the structured paths of learning...
Otherwise, they are on our channel... tons and tons of content!
This was well done.
Thanks isreal!
a family member that knows me very well, wants to sell her house close to retail. She knows that I really don't have any money. How do I convince her that I can take care of the payments if something goes wrong? What protects her if I can't perform? Thinking ahead about the objections. Hopefully she just says yes anyway.
Excellent
agreed
Great content Quick Question what if the 3rd lien position was foreclosed on but the second and first one wasn't then what will happen then ?
The purchaser at auction would be purchasing the property subject to the first and second lien position. When going to auction you must be very careful to know what lien position is foreclosed on.
@@Propelio Thanks for the heads up Grant Another question just to make sure I got it clear so if their are extra liens that came after the 3rd position then they would automatically be knocked out at auction correct but the liens before hand would not is that the whole thing to sum it up ?
yes sir
This is really good knowledge
Ryan Harper working on it
Thank you.
very welcome!
where can i find the rest of this course? also, is this a paid course?
You can watch the entire course for free at propelio.com/academy
Great video!!! Are there any more videos?
Thanks Mike! Actually there are a ton... go to www.propelio.com/academy
Why would a seller sell to you without venting you? They would pull credit and call your employer if you were only renting from them. Now you are asking for the seller deeding you their house.
On a wrap around, how is the person you sell it to ok with the fact that when they buy your home there is already a lien on it?
They don’t have any options. Usually those are the people who cannot qualify for the loan traditionally so this way of purchasing is their only option.
Awesome lessons 👌🏽👌🏽👌🏽
Glad you got value from it!
New subscriber awesome 👏
The deed is not given to you in your seller fiancing deals?
What contract should I use if my seller agrees to owner financing and they own it free and clear?
You would have the title company create a warranty deed with vendors lien to transfer the title to you, a real estate lien note to secure the debt to the seller, and a security instrument such as a deed of trust or mortgage to allow the seller to foreclose in the event of default.
How to find buyers for the owner finance deals?
+Ali M Qurbani a simple for sale by owner in front yard with ‘owner finance available’ will usually get you plenty of prospects
bandit signs and realtors
I like this video
Can mechanics liens have interest and nonpayment result in a much larger balance due?
Brilliant.
WhaT happens if you dont have a mortgage on you home and you do sellers financing and three moths later the buyer stops there payments can you still do a deed lou foreclosure? Or do the have to sign a contract that would make them give up the home back?
If the buyer was willing to Deed in Lieu, then yes you could do that, but if they were not willing you would have to foreclose.
A contract created in advance of a foreclosure that would require a buyer to skip the foreclosure process is not legal to the best of my knowledge. The laws for foreclosure are there for a reason, and you can not write a contract to skip the law.
Child support liens are a pain!!! Especially if the person they are against is not cooperating
in texas on homestead child support lifts automatically
But what if his properties are in his LLC will child support be able to file against him that way as it seems it would be harder to do 🤔
Likely depends on the state laws in regards to the child support
If I buy a home with owner financing, do I need to communicate with the seller before I rehab or rent the property?
Timothy Jackson no, if you buy it and they’re the lender then they have no say anymore
What happens when you make the last payment to the seller? Or if the seller dies?
last payment equals a release of lien, if seller dies payments would go the estate
Can I wholesale a cash for deed deal with a seller that has a mortgage and little equity?
Yes Absolutely
Are u in Canada?
No
Are sellers doing owner financing in this market?
If there is anyone here that is interested in talking about any of this please hit me up. Looking to link up over the country
good info..id like to invite you to NE fl. jacksonville, and meet some people, contact me.... (p.s. you look like Howie mandel)
Investing in real estate can seem scary but I think if you get a few basics right it's not hard, I made a video about the basics.