What an awesome achievement! You're a beacon of hope for younger people wanting to get into the game. Thank you for taking the time to upload it, looking forward to your future zooms :)
My trouble is the contract. It’s so much longer than a standard purchase and sale agreement. Can you do a video on all the terms and how they are spelled out. As well as how you underwrite down payment, monthly payments, etc
32:04 i’ve done this however I’ve gotten listings that failed in the past meaning before the current owner so they are no reflection of the current owner. How can you add additional filters to ensure that you are getting relevant data? I tried changing the date range to within the last two years, but continue to get failed the listings from 5,6, 7 years ago they have no bearing on the current owner Also, why are we specifying FHA and VA? I guess a better question is why are we excluding conventional loans?
@@TheKevinChoehi! Thanks for the clarification. However, can you please help with the first half of the question? I love the ability to use a date range for failed listings, but I am having a hard time figuring out what the best parameters are to not get irrelevant data. Thank you! If it helps any, I am in an area where most houses so in 90 days or less
Sub to question: what security does the homeowner have to protect them if their mortgage payment doesn't get paid? My understanding in a subto deal is they would've assigned ownership to you yet they are still obligated with the mortgage liability (on the books).
Congratulations Kevin!!! I have a question, since I dont quite understand something....when you take over a mortgage payment in a Subto deal , do you also put the tile under your name ? And if so , arent the property taxes and insurance also going to increase? The property taxes and insurance can literally double and that would cut into the cashflow.
Why would the taxes and insurance increase ? The mortgage company isn’t in the loop. They just keep getting their payments. The property taxes go up at their regular rates and the insurance cost is stable.
@kevinchoe12 Also, Kevin, you made a video at one point saying, "There's normally 10 or 15 agent objections to overcome with sub-2" but you didn't elaborate much. That'd be an amazing video that I'd love to see! Great work on your channel! I'm 19 right now looking to do what you do, so I love the content, keep it up bro! Hoping to partner on my first deal soon!
Bc they put down little to no money with those loans and they don’t have any equity when doing that. So when they want to sell they usually have to come out of pocket so their only option really is subject 2, unless they pay out of pocket.
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What an awesome achievement! You're a beacon of hope for younger people wanting to get into the game. Thank you for taking the time to upload it, looking forward to your future zooms :)
thank you so much!
Congratulations Kevin
You are an inspiration 🎉🎉
God bless you!!
Negative estimated equity is a great filter, I never knew you could do that 🎉
yes, I have done over 170+ SubTo deals from that!
Congratulations. That is an awesome milestone.
Gold! Thank you Kevin
your the goat!!! this is super inspiring!! keep going!!
“French kiss to that!”
My trouble is the contract. It’s so much longer than a standard purchase and sale agreement. Can you do a video on all the terms and how they are spelled out. As well as how you underwrite down payment, monthly payments, etc
use www.intentionaltc.com
Congrats on your success.
Thank you so much!!
Congratulations 🎉
thank you so much!
32:04 i’ve done this however I’ve gotten listings that failed in the past meaning before the current owner so they are no reflection of the current owner. How can you add additional filters to ensure that you are getting relevant data? I tried changing the date range to within the last two years, but continue to get failed the listings from 5,6, 7 years ago they have no bearing on the current owner
Also, why are we specifying FHA and VA? I guess a better question is why are we excluding conventional loans?
No we are not excluding any conventional loans!
I prefer to get the data from the MLS and then put it on to propstream!
@@TheKevinChoehi! Thanks for the clarification. However, can you please help with the first half of the question? I love the ability to use a date range for failed listings, but I am having a hard time figuring out what the best parameters are to not get irrelevant data. Thank you! If it helps any, I am in an area where most houses so in 90 days or less
Sub to question: what security does the homeowner have to protect them if their mortgage payment doesn't get paid? My understanding in a subto deal is they would've assigned ownership to you yet they are still obligated with the mortgage liability (on the books).
Awsome!!
Thanks you!
Very impressive!!! 😮😮😮
LFG !
This is dope 🔥
Dope isn't Healthy..lol
Congratulations Kevin!!! I have a question, since I dont quite understand something....when you take over a mortgage payment in a Subto deal , do you also put the tile under your name ?
And if so , arent the property taxes and insurance also going to increase? The property taxes and insurance can literally double and that would cut into the cashflow.
Why would the taxes and insurance increase ?
The mortgage company isn’t in the loop. They just keep getting their payments.
The property taxes go up at their regular rates and the insurance cost is stable.
yes it would. but Arizona and Vegas has very low property taxes so you'd just have to be careful!
they get reassessed!
멎져부러♡♡♡
Awesome video bro! Maybe wanna edit out the addresses for youtubes bs
thank you! i will for future reference!
@kevinchoe12 Also, Kevin, you made a video at one point saying, "There's normally 10 or 15 agent objections to overcome with sub-2" but you didn't elaborate much. That'd be an amazing video that I'd love to see! Great work on your channel! I'm 19 right now looking to do what you do, so I love the content, keep it up bro! Hoping to partner on my first deal soon!
Kevin 🎉
Appreciate the gems!
Congratulations Kevin, I want to be like you when I grow up, lol
Well done🎉🎉🎉
thank you!!
Is there a reason you prefer FHA/VA loans for targeting? Working on getting my first subto deal - hopefully soon!
Hi, I know I seen a video that stated those loans usually have a fixed rate & other conventional loans have a balloon payment.
Bc they put down little to no money with those loans and they don’t have any equity when doing that. So when they want to sell they usually have to come out of pocket so their only option really is subject 2, unless they pay out of pocket.
Yes because they are usually low down payment products so high likelihood that they have no equity.
they have fixed rates but 99% of the time there is no balloon payment.
🙌🏼🙌🏼🙌🏼
📝
How can we learn from you or just like you did ?
i’ve been doing it for 3 years!
I wanna learn to do what your doing teach me
bring a deal and ill teach you!
The list is so oversaturated now unfortunately
it's a tough list to go after for sure!