I work in real estate as a lender. I have listened to a lot of videos and NEVER wanted to finish because it was filled with half truths. This dude is really speaking truth. He is telling what others do not want others to know. He is sharing info that takes years to learn and lots of trial and error if there is no mentor. Keep up the good work sir!
I was looking at a property that is being sold by owner and owners says that he likes the community and how it's a gated community for seniors and the community requires application for residency. Does that mean a senior must buy/rent the property?
Please someone answer this. I've been wondering the same thing. Do you have to be 55+ to purchase a rental property(under an LLC) within a senior community if you are not a senior?
Brother I almost cried because I’m so thankful for the knowledge you have shared in this video. For 1. You DIDN’T have to and 2. You will potentially change lives for the better. This is much appreciated!
@@jamelgibbs I've been binge watching your videos all day I just came across your video I want to learn and start doing real estate thank you for your knowledge
You're one of if not the only person claiming to teach the viewer something and actually explaining it in a detailed and concise manner. You truly have useful and applicable info. Thank you a thousand times!
My wife and I are rental property owners. This is an approach I haven't thought of before. Thank you for sharing this information. For anyone looking to get your first rental property but don't think the bank will help, this is absolute gold. Don't let fear hold you back. Apply this information given here and your life will change. Guaranteed.
I am literally broke, struggling, and taking care children on my own feeling like I have no way out. I just wanna thank you for this information. This is the start of something amazing for me and my children.
Feel u! That's been me for the past two decades! Kno EXACTLY where u are & where you're coming from. Wish both of us + everyone else on that road the best! Too many like us! U are NOT alone! Stay strong, stay hopeful..
@@4XGOTSTICKS Thank you so much. I felt like I could do it but when I tried I didn’t know where to start. Living in NY, things are different…laws are different. I don’t know how to begin
You dropped the sauce. I know this works because no money down owner finance has been around forever. I love how you drop the gems step by step no fluff, no sales pitch. May the universe continue to bless you and your family.
I am scared, I more scared of being broke. I am going to do it anyway!!!!! I have absolutely nothing to lose and everything to gain. Thank you for the lesson.
Got to find one for yourself to live in as well why pay a bank interest when you can give it to a person who usually has equity in the home and maintenance but I'm sure if you able to do the work and get it to a certain point to get a long term tennent to make it there own, which is what some people like that ability to pick what it looks like, so they are more committed and take better care of the property in long term
I am a single mom who needs this. I am tired of living pay check to pay check living on section 8 not being able to buy my kid's much. I am trying to understand all of the details but I have never heard of this before.
It doesn’t make much sense to me either. Seems to me that if a home owner wants monthly payments + interest, they would just find someone to rent-to-own the house. They don’t need a middle man
Exactly if the owner wanted to do something like that I'm sure they would have already done that without the middle man. I am pretty sure that when someone sells a property they want the money for it right then and there. I definitely would. That way I could purchase another property outright without financing.
good teaching ....the only issue is if the buyer stops making payments ,then you either have to find another buyer or make the payments yourself ... I'd also suggest using a title company to do the deal just to cover your butt in case the seller does not actually own the property
Thank you for explaining this so clearly and concisely. I've literally wondered for 30 years how you buy a house with no money and in 30 minutes you gave me the game plan that could change my life
Saw this video by accident. I was watching Noelle Randall's video and you came on. I must say, although she has great content, your ability to walk step by step with visual content was so impressive and appreciated. Some of these channels want hundreds of dollars for the information you gave. What a blessing to have bumped into this presentation. Thanks a million 🙏🏽
@@iamthatiam9936 well I think the issue with that is, for beginners, you're not able to make an informed decision if the info being provided isn't clear to the person taking it in. So if they are going to put out info with the premise of gaining clientele....the info they offer for free should be clear and concise so people know what they're getting. I don't think anybody expects the knowledge and know how for free....they just want to understand what's being offered and how they'll benefit from it prior to making the investment.
Mr. Gibbs, i am 54 years old, and this is the first time in years - really EVER of watching 'how to' videos where people claim that they're going to teach the rest of us how to make money clearly and at some point you have to pay to attend a webinar or participate in a workshop, etc. Mr. Gibbs, you have actually shown me how i can make this realistic for me!!! Unbelievable! You are really awesome! Because you have made it possible for a slow learner like me to actually make a go of this!!! God Bless You!!!❤ I am subscribed 😉 Thank You!!!
My mind is genuinely blown. It's tax season and I'm behind on bills. This could not have come at a better time. This man is an absolute treasure sharing this info for free. I can't wait to watch more of his videos. This was an easy subscribe. Well done, sir.
Dude knows his craft. I must say that you have to get out there and grind though. Because not every seller is going to do a 5-10yr deal like that. Great strategy for sellers that are stuck. It’s a bit tough in a sellers market. Lots of phone calls and stay persistent 👍🏾.
This was so educational...I have always wondered about getting into real estate with no cash...you have outdone your self thankyou God bless your heart 💜....now I'm in South Africa and I'm trying to use Zillow unfortunately it does not work for us...do you know which site can I use that's similar for my country....I'm also searching. I see the video is 2years old..but I think is very relavant..thanks again🙏
Hi Jamel. I know you're probably tired of hearing this but thank you for this practical simple and easy to understand video which makes it for people like myself less shy and more confident in giving real estate another shot. I appreciate the real world examples you apply to what you're talking about which often many "gurus" don't do and leaving us in the dark so to speak with the concepts. So thank you😊
I'm currently 18 and working on getting my real estate license. I've been interested in buying a property to rent out. This video is extremely helpful with understanding how the process works! I really appreciate it. I've watched so many videos over the past few months and this one is by far my favorite.
This was good Jewels and Gems he drop out of all the other you tubers videos this one gets an trophy for his excellent on this. Now I'm fixing to take off and run with this one
Go ahead and start building your credit ASAP, if you haven't already. Get a credit card, and use less than 9% of it's utilization monthly, and pay it in full monthly. You'll be glad you did. I didn't start my credit until 22, and I wish I had started at 18. I'm now 28 so it's not that major of a factor anymore, but those extra 4 years of credit history would have still been nice even today.
I no longer have my real estate license but when I did I was able to by rental homes by watching the mutilple listing system for expired listings and then calling the home owner and approaching them in a way similar to what the guy James in the video just explained. If the home owner wasnt interested I would then try to relist the property at a reduced price. Once the property was relisted under me and a reasonable time had passed I could then make an offer on the home myself and use the commission owed me from the seller as my down payment. Also while I was a realtor I'd keep my ears open for other realtors wanting to unload their rental propertys. Some times a retiring realtor would prefer a land contract or some thing similar over receiving all the cash at once so they could avoid the taxes.
If you make all of this happen and find a tenant buyer that is trying to avoid a traditional mortgage because of whatever reason, like bad credit etc...how are you to expect that they will have the balloon payment after 5 years? 100k home, they put 10k down, make $1000/month payments for 60 months and then owe a balloon payment of 30k give or take. You are just trusting they will have that 30k when the time comes when they couldn't even get traditional financing, hence why they do this deal with you? And if at some point they just stop paying but you still need to pay the original seller, would you then have some eviction clause in the deal in the event they stop paying, or become unable to pay?
It depends what you want to hear. You forgot to ask about insurance and what if the house burns down, which is very unlikely. You're broke supposedly, so, I think it's still a positive result, even though you might lose the property.
I saw this in my recommended. As single father struggling with a lot, this video could definitely make me look into doing this, on top of possibly getting my own place and getting more money without having to pick up another job
I’m in the same boat. I’m looking for a house and I’m even interested in leasing to own. I’m try this for a few months and if I can’t make it shake I’m use my credit and get a loan from a bank
Pleaseeeee answer this one question I am currently about to reach out to the owner of a property. This is the most informative information I have ever come across good job 100% the only thing I’m confused about is . If the buyer Renter is paying full asking price say 100k how am I Getting any money if they are ONLY paying the amount asked ? Thank you sooo much I’ve never been so grateful 💕
18:25 I usually ask "you own it free and clear, right?" and if they say "no" then I ask "do you have any idea how much is left on the mortgage? I just need a ballpark figure, not down to the last penny or anything" I give a chuckle at that last part so they don't get defensive.
Fantastic. My daughter and I have been wanting to purchase a rental property. And I accidentally ran into your video on TH-cam and cannot believe what I’ve learned. It’ll take me a couple of times watching this video & I sent it to my daughter immediately. I know we’re both going to talk about you amazing 5 step process and we’re going to get the ball rolling. God bless you for giving this information so freely! I have a tingling of hope now that it is possible to own a rental property and do it with little or no money down… WOW… priceless Thank you so very much!
Owner financing deals usually want big down payment 20%-50%.also should have higher rate.Your first problem. You can buy homes 0% that's real. And it's not in the video.
Finally someone to explain how this is actually done without having to listen to long drawn out video's and joining group sessions! Great job thank you!
My husband and I bought our first two properties by owner finance. We paid off both properties in 5 years. Good one young man. You did a great job communicating this. Great video 👍🏾
This man is the goat!! He doesn’t give you the runaround. He just tells you the truth and what you need to, and simplifies things. Given the chance I would like to work under him to gain some of his knowledge and see exactly how he does things
I loved how you were Not like others, who can talk talk and show nothing. You provided viewers with a on hand view on the laptop and steps to a way to dive in purchasing a home for passive income or sale. I’m sure there’s more depths but u provide a great overview! Thanks
I viewed this video and you were very clear with your explanation on this process. It also answered my curiosity on how this process could be possible. And I came to the conclusion it could be done….if….everything fell into place & went exactly as your scenario. For one tenants are too unreliable…especially the ones who would be most likely to rent these not so desirable properties….but before even getting to the tenants…I can’t even imagine how hard it would be to get a seller/owner to agree to the terms you’ve listed…unless they have hardships like too much repair/work needed on the property or they’ve taken out a loan on the home and having a hard time repaying, etc…..unless those are the ones you are targeting. The strategy may allow for possible success but it’s a bit risky for my 😬 nerves.
Exactly !!! I saw this AFTER I left my disgruntled comments (pleas look at what I left!!) I just want as-surety! This is a long term agreements between two different parties!! It can get risky , nasty and overwhelming
@Erica Brown I've heard of this method of getting something for nothing I heard quickters using this way back, only thing new is the date on the calendar.
Brother im in Texas Houston area. father of 1 little girl. This is a way of doing realestate that ive never thought of before, passive income is the first step to financial freedom and thats my goal. this is the first video ive seen of you and i am going to watch some more but im really really interested in doing this and im goign to use your help. ive never actually done anything with my life for financial gain. Just didnt have the mentor. This seems like a no brainer but also i can see the skepticism people have easy money is scary because we all are normally working so hard for it.
What would be the method to renovate in this process in the most cost effective way, not out of pocket, while making agreement with seller and before buyer moves in and also best method to get that money back?
Love it, bro. I'm 20 years in the game and I get quite a few calls where I have to slow people down (respectfully) and educate them. They love the way I do it but I don't have time to help them all so I decided to leverage my experience through my channel. Your channel is a good model bro. Keep grinding.
Great video that makes financial sense... Found you on Noelle's video. I'm from Brooklyn, New York. Living in Baltimore, Maryland. I've been trying my best to get something going for a long time. I think I finally found it. Thank you for your selfless giving.
I love that you’re not gatekeeping this Information. Knowledge is power. I’m hoping to use this method to purchase/negotiate a commercial space for my art gallery. Thank you!!
Question - what happens if the seller passes away while you are still paying on the house. Do you automatically get the deed to the property? It's a morbid thought, but things like that can happen.
I just wanna say thanks for all the information you provide to us, did my research day in and day out , I was extremely nervous dripping sweat when I made my first call, used your script and now I have an agent to represent me and I can go look at a property today ! Mind you I just started my business march 10!🎉 it feels good being yo ur own boss and moving how you want to move and making deals that people cannot resist in no time I will be a pro in no time I will make generational wealth and in no time I will be a public figure for my community and make changes ! Thanks again for everything !
You are god sent to want to help other people gain the prosperity of success in life an for everybody it's a win-win situation. In real estate I'm going to go after everything you said on the video because for 1 I am a go-getter and have goals to do better don't have to be rich just striving to help my family out. So I thank you very much appreciate this video an may god bless you for it. Will be back in touch to let you know how I come out in the business world
1 million views , a lot of people are viewing without subbing. Shame on you if you are one of those . This guy is amazing I am in the mortgage industry, I subbed half way through viewing because I know he is dropping gems. Good stuff. Much better than a lot of these other podcasts.
So people have claimed this method but have yet to show the step by step process like you did! I have taken a multitude of”masterclasses” and walked away having not learned much! Your 5 step process was very helpful and informative! Thanks!
Wow mind blowing! The most clear concise straightforward educational video on owning rental properties I’ve ever heard. After watching other videos I’m left more confused than I started. Thank you thank you. I still want a coach and I like how clearly you explain everything! Where do I sign up?
This is by far the most valuable video of this kind. No ambiguity,clear step by step explanation. One leaves knowing that if they are purchasing a course or mentoring,they are paying for great value.Thank you so much.I liked, loved and subscribed. Looking forward to all the gems
Wow Uncle Les (Nephew) Son is starting to become famous... I will be letting pops know how I'm learning from afar from his son... He always told me about you doing this... Well anyways Good Luck and God Bless Nephew... as i continue to learn
Thank you, incredible info, but I have some questions: 1) When you get the renter/tenant, at what point do they give you the down payment money? Because usually you get it at the time that they move it, but they (tenant/owner) can not move in until YOU have gotten possession. 2) What Contact forms do you use between you and the Tenant/owner? 3) Have you ever had a tenant/owner not be able to come up with the ballon payment at the end of the term? I really appreciate your time.
Yeah..I would like to hear from anyone in the comment section who successfully applied this method. I know it can be done..but I see possibly getting tripped up if you are new to this...
Just completed my real estate license, and I wasn’t clear on wholesaling and why someone would do this over flipping. I truly thought it was the same thing (that you were selling, never thought about renting), the only difference was renovating vs as is. This makes SO much more sense now on how this could possibly benefit someone. I thought anyone wholesaling had to have an investor level cash flow.
@@WassupFred hey there, so sorry I just saw this!!! I can only speak for TN but you can manage one rental without a license; once there are multiple listings then the state of TN requires a license. I’m sure many others follow suit. Now there are still grey zones because you could manage an entire property with multiple units in that one complex , but as soon as that individual took on a second property outside of that complex the state wants a license to manage multiple properties.
That was great to see exactly how you do it. I've contacted a few houses in that past asking if they would do an arrangement like that but I always felt like it wasn't okay to do that. Now I feel confident to keep doing it and I know it's possible for it to work out. Thank you!
Thank you! Mom of 2 boys and a burnt out teacher. Started to get discouraged because of the price of a 2nd mortgage, but I’m very interested in starting a rental property. Hoping this method is the solution!
I LOVE how u tell us what to say and what NOT to say🙂 and the breaking down the phrase and steps your talkin about for the people that know NOTHING about real estate‼️ DEFINITELY have to follow!!!
Absolutely amazing content, Thank you for being the only youtuber to fully explain what the no down payment process is and how someone like myself who is broke and has horrible credit fulfill a life long dream of getting into the real-estate business, side note you should have a million subscribers to your channel because you are absolutely 100% LEGIT. Like many other people i stumbled onto your video by accident and I am so happy i did. I live in Colorado where the real-estate market is booming 09/30/2022 and I definitely want to use this method here and in other states to bud my net worth. My ultimate goal is to have a breadth of a portfolio and lose that 9-5 M-F gig. Thank you again.
Brilliant! Sounds exactly like what I've heard from Carlton Sheets back in the day "creative financing" deals. Please make more no nonsense sensible instructional vids! You didn't talk down to your listeners AND you provided a sense of confident inspiration that these deals like what you described are possible. I love it! I need to replay this vid a few times for confidence purposes and to put your instructions into action! Thank you sooo much! YOU'RE THE BEST! NEW SUBSCRIBER!!!!
Great motivation....only thing that changes in real estate is market values and property conditions.....the strategies are the same.....just depends on your approach....your level of hustle...how dedicated you are to your goals
Very clear. I don’t understand how someone is going to buy a house in 5 years though. You had me until the closing. Maybe 15 years and 10 years is a better deal. Great video.
There is no get rich quick. We know that, but it takes a ton of money to start in real estate because of how the whole system works. If this can open the door for more people then that's great. The time will pass anyway and personally I'm in a position where I don't make much but my expenses are getting lower because of my situation. This can really help
Hi Jamel, firstly thank you so much for taking the time to make this well-thought out video and giving us this information for free. I am absolutely grateful for your efforts. I do have some follow up questions that I would like to ask for further clarification. I’ve never purchased property before so I’m coming at this from a beginner’s perspective. I hope that either you or someone else in the comment section can help me understand. 🙏🏽 1. Why buy a property that is in bad condition? Wouldn’t that only attract people who are desperate for a home? And if we aren’t putting anything into fixing the home (buying as-is), won’t we be working with a tenant who would find it difficult to make monthly payments? 2. What do we do in the event of evictions? I assume we go through the tenant search step again, but wouldn’t that create the same situation of finding someone desperate or someone who would have a hard time making the required monthly payment? And in the meantime of finding the tenant, would that put us in a position where we’d need to cover monthly payments for them? 3. Can we do this same process with a property that is valued higher? Let’s say for example, in the same NC area that you work in, there’s a property for $300,000 and it is in a lot better condition and would therefore attract more financially solvent tenants. Could we use the same steps in this video for a property like that? If so, then I assume that we’d need to put more money towards an earnest money deposit, right? Again, thank you so much for the video and I hope you have even more success and happiness with your ventures. :) 🙏🏽
According to my understanding, the reason is because this method primarily allows you to make passive income for several years while making money up front and on the back end. But I understand your concern with dealing with tenants who might have problems paying rent which would ultimately lead us to having to deal with evictions. That was my concern as well seeing as me and you are coming at this from the same, newbie perspective.
This is awesome information! Thank you so much!! I just have one question. What if the buyer does not fulfill their obligation of the contract? What if they get into the house and stop making payments? How do we fulfill our obligation to the seller? I hope I don’t offend anyone by asking these questions. I truly just want to know what the backup solution is in the event that something like this happens.
😮You made it super simple and it didn’t take DAYS to find out what the steps were. The so called gurus take 4ever and a day to tell you little to NOTHING. Thank you thank you thank you! God bless you and your family!
Thank you because you gave us hope for breaking cycles! Currently 25 and have always lived in apartments with my parents. I want more for myself so really thinking of doing this. Sometimes we lack knowledge and that’s what stops us.
I'd always imagine acquiring a traditional loan to purchase rentals is very time consuming regarding saving up capital. However, this content truly opened new opportunities for creative financing methods. Thanks a lot man!
Thank you so much! I love your video. It was truly very informative. I am new to this are you made this very fun and exciting experience. May you continue to be blessed in all of your endeavors. Thank you again!
I really hope when you wake up every morning....you know you are an angel...I am going thru a divorce with a petty husband and now my happiness just hit the roof with this information....I am on my way to pure wealth...I know me😊, thank you so much for sharing ❣️
Most states have a clause in the contract for deed that states you can't rent it out. Also most contracts state you must up keep the property and make the repairs or the contract can be canceled. I lost a contract for deed I had 2 years left on after 7 years because the roof needed shingles and I couldn't afford it. I lost 70k I had paid off on it. She sold it 6 months later for 100k and got to keep all money I had paid. Plus most mortgage companies won't allow owner to contract for deed it out
Appreciate the comment. This isn’t a contract for deed. It’s straight seller financing. There aren’t any restrictions with renting houses once you own it. Never heard of that before. Also, with seller financing the mortgage companies aren’t involved. These are free and clear properties.
Absolutely 100 percent truly life changing info (if steps discussed in video are implemented ) this is the best real estate creative offer style deal presentation I’ve ever come across on TH-cam hands down I truly appreciate what you’ve done with sharing this info, a lot of value here! I caught every gem dropped! Very clear very well spoken Should have a disclaimer Video will leave you feeling like you’ve already closed your first deal lol
Hi, I appreciate how u took the time to share this info and how precise you were in explaining it step by step. Thank u I enjoyed the video I will watch ur other ones as well.
Thank you so much for sharing your knowledge. This was so clear. I took a 6 month wholesaling course and still confused. But you explained the whole process in 30 minutes. I am going to try this again!
Peace Bro ... Sooooo grateful for the info you've provided in this video!! I'm going to watch it again and again & apply these steps so I WILL OBTAIN (not pay for) MY 1st rental property!! THANK YOU!! God bless you and your family and your future endeavors 🙏🏽☝🏽🙌🏾
Good job but you should elaborate on the risks. You may not find a renter/buyer in time in which case you lose your $100 earnest money if you fail to close. Secondly, your renter/buyer may default leaving you with a note to pay the original owner until you find another renter/buyer and if you fail you lose the property. I have done these deals for years with great success but never for rental or resale. I use this tactic to buy my houses where I have lived for the last 50 years. It works everytime. I have never been scrutinized or rejected. However I can attest that few sellers are going to get excited about or will consider $100 earnest money. However I purchased the most expensive property I ever bought on just my signature!
I just started watching this today and already getting calls and about to make deals this is crazy !! I know if I know a little more I’ll go to the moon.
My younger brother shared this video with me today. I personally need a living situation (thanks to Hurricane Ian), but I also needed stable, ideally passive, income. This could be part of the solution to both problems. Thank you for sharing.
Continued.... I discovered you on Noelle's Channel and although this is the first of your videos that I've watched, I'll be watching more , educating myself and taking action! Thank you!
Hey thanks for the video. I’m a little bit confused.. how do you sell a home owner finance before you close the deal to purchase the home owner finance?
Haha, if you can't find anyone to buy it, your out 100.00 . it sounds like your trying to sell shit you don't even own, and selling it as is, probably screws whomever buys it.
What would the typical payment structure look like on one of these? For instance, if the home is around $100k to purchase, a $500 monthly payment to the owner would take over 16 years to pay in full… The problem with doubling the monthly payment to $1,000 is the difficulty in renting a $100k house for over $1,000 a month to make any money off the rent (and that’s assuming nothing goes wrong with the property you’re now responsible for)…
Yep doesn’t even make sense to me. Another question is… how is the rent to own tenant even going to make the payments in half the time. He makes it sound easy, but I haven’t read that anyone watching this video has actually put his strategy to use with success ( just alot if comments).
@@tutu-lv9jg the only way I can see it Maki g any sense iis if you're a contractor and have Con tractor buddies. Take a shit hole renovate it and then rent it.
@@pryorkennel I live in Florida where rent is outrageous now. People are paying that price for trash. How you accomplished this is by getting a hefty down payment up front from the renter.
I’m so grateful that your video was on my feed whoever doesn’t click on your video is missing out on a learning opportunity. I’ve been interested In real estate and wasn’t sure where to start but this video helped so much it was very straightforward, thank you for using your platform to share your knowledge with others.
Jamel great info always love your videos - very clearly explained and to the point. I like how you use "safe" words so as not to trigger the seller's defenses ("Shields up!"). I've also heard in other courses "home" has more emotional attachment (for the seller) but "property" is straightforward and direct.
This is absolutely my kind of deal! Thank you so much for this information. It's tax time as well and there are alot of people getting refunds and in a position to put down 5-7k and even more, depending...
Love this video! It was straight to the point and clear to understand. I'm wanting to get into REI and this Definitely made me feel like i can make the leap and do it!
Great content with clear and concise delivery. I finally understand where to begin and how to connect with my target properties. I will continue to follow you and share this channel. TY!
This video came up by chance while scrolling on TH-cam. I have wanted to get involved in real estate for many years, and 2023 is going to be that year! You have a new subscriber, I look forward to using your detailed step by step processes! Thank you!
Excellent. Very well explained and easy to understand. I plan to watch more of your videos or at least watch this several times to become more knowledgeable of the process. I can't wait to share with my husband so that we can jump with both feet in.
I always appreciate and am forever open receiving a tremendous amount of value for all content intended for beginners. Thank you for helping build confidence to get a jump start in this challenging industry. Enjoy the ride ya'll!
I work in real estate as a lender. I have listened to a lot of videos and NEVER wanted to finish because it was filled with half truths. This dude is really speaking truth. He is telling what others do not want others to know. He is sharing info that takes years to learn and lots of trial and error if there is no mentor. Keep up the good work sir!
Thank u for confirming this I had this saved to watch and went straight to the comments.
I was looking at a property that is being sold by owner and owners says that he likes the community and how it's a gated community for seniors and the community requires application for residency. Does that mean a senior must buy/rent the property?
Word up!!!
Thank you for your input, very meaningful.. loving what I'm learning
Please someone answer this. I've been wondering the same thing. Do you have to be 55+ to purchase a rental property(under an LLC) within a senior community if you are not a senior?
Brother I almost cried because I’m so thankful for the knowledge you have shared in this video. For 1. You DIDN’T have to and 2. You will potentially change lives for the better. This is much appreciated!
I appreciate that
@@jamelgibbs I've been binge watching your videos all day I just came across your video I want to learn and start doing real estate thank you for your knowledge
I felt that!!!!
@@sammysau4541 Go for it! Keep us posted 💞💕💓🙏🏿
IM ON MY WAY
You're one of if not the only person claiming to teach the viewer something and actually explaining it in a detailed and concise manner. You truly have useful and applicable info. Thank you a thousand times!
Did you do it though? Cuz it's more than what his saying to do
@@justvibing2497can you explain what more there is to it?
My wife and I are rental property owners. This is an approach I haven't thought of before. Thank you for sharing this information. For anyone looking to get your first rental property but don't think the bank will help, this is absolute gold. Don't let fear hold you back. Apply this information given here and your life will change. Guaranteed.
🙏🏾
Hi my name is Dewain and I’m limited on money so this video seems informative do you have any advice for a beginner?
Motivation and growth ✨️ thank you
@@jamelgibbs hey brother I have 8 k can you help me , I’m about to loose everything
Thank u for YOUR info.
You might be the only person on TH-cam that break it down like this , I appreciate you
I think the hardest part is getting started and getting your first property. Then after that you do it again and again.
Yup
💯💯
I am literally broke, struggling, and taking care children on my own feeling like I have no way out. I just wanna thank you for this information. This is the start of something amazing for me and my children.
How are you doing?
Your journey has started. Keep us updated and best of luck to you. You can do it!
Feel u! That's been me for the past two decades! Kno EXACTLY where u are & where you're coming from. Wish both of us + everyone else on that road the best! Too many like us! U are NOT alone! Stay strong, stay hopeful..
@@RubenA. I’m good, trying to stay strong…taking one day at a time. Thank you for asking. I hope you and your family are happy and well
@@4XGOTSTICKS Thank you so much. I felt like I could do it but when I tried I didn’t know where to start. Living in NY, things are different…laws are different. I don’t know how to begin
I'm not going to lie I listen to a lot of other people but listen to this guy I understood every words for words as if I came up with it..
You dropped the sauce. I know this works because no money down owner finance has been around forever. I love how you drop the gems step by step no fluff, no sales pitch. May the universe continue to bless you and your family.
I am scared, I more scared of being broke. I am going to do it anyway!!!!! I have absolutely nothing to lose and everything to gain. Thank you for the lesson.
How did it go?
@@skepticalend_1646I wonder if this works out of state because this economy is terrible on the coast
@@Gymgeniiee seriously
Who are wholesalers? That need Sale Agreement Contracts to close deals ? I have a lot contracts and will be deliver immediately!
I’m a single mother living paycheck to paycheck and I needed this
💪🏾💪🏾
You got this momma ❤️😘
Got to find one for yourself to live in as well why pay a bank interest when you can give it to a person who usually has equity in the home and maintenance but I'm sure if you able to do the work and get it to a certain point to get a long term tennent to make it there own, which is what some people like that ability to pick what it looks like, so they are more committed and take better care of the property in long term
I am a single mom who needs this. I am tired of living pay check to pay check living on section 8 not being able to buy my kid's much. I am trying to understand all of the details but I have never heard of this before.
You make it sound so easy. I find it hard to believe that sellers are really willing to accept this kind of deal.
Yeah, sounds confusing to me. Couldn't the owner just decide to Rent to Own without the middleman??
Sellers might opt for owner financing to expedite the closing process and collect interest rather than taking a lump sum payment
It doesn’t make much sense to me either. Seems to me that if a home owner wants monthly payments + interest, they would just find someone to rent-to-own the house. They don’t need a middle man
Right. This video is low key click bait. Probably made more money from this video than any of the offers in this video.
Exactly if the owner wanted to do something like that I'm sure they would have already done that without the middle man. I am pretty sure that when someone sells a property they want the money for it right then and there. I definitely would. That way I could purchase another property outright without financing.
good teaching ....the only issue is if the buyer stops making payments ,then you either have to find another buyer or make the payments yourself ... I'd also suggest using a title company to do the deal just to cover your butt in case the seller does not actually own the property
Will the title loan company, also protect you, if there are also previous liens on the property?
Thank you for explaining this so clearly and concisely. I've literally wondered for 30 years how you buy a house with no money and in 30 minutes you gave me the game plan that could change my life
You are a complete fool then if you
Have been wondering for 30 years and all it took was 30 minutes to fix.
Can you teach me
They say if you can't break something down I. A short time you don't know what your talking about
Thanks
He gave the game but this is game and mouth play.
Saw this video by accident. I was watching Noelle Randall's video and you came on. I must say, although she has great content, your ability to walk step by step with visual content was so impressive and appreciated. Some of these channels want hundreds of dollars for the information you gave. What a blessing to have bumped into this presentation. Thanks a million 🙏🏽
🙏🏾🙏🏾🙏🏾
Noelle is also how I discovered jamel. His content is 🔥🔥🔥 Noelle and jamel have given me the belief that I can create a better way for my family
nothing is by accident
stop bashing creators for charging for knowledge to help you make thousands of dollars...don't you make money smh
@@iamthatiam9936 well I think the issue with that is, for beginners, you're not able to make an informed decision if the info being provided isn't clear to the person taking it in. So if they are going to put out info with the premise of gaining clientele....the info they offer for free should be clear and concise so people know what they're getting. I don't think anybody expects the knowledge and know how for free....they just want to understand what's being offered and how they'll benefit from it prior to making the investment.
Mr. Gibbs, i am 54 years old, and this is the first time in years - really EVER of watching 'how to' videos where people claim that they're going to teach the rest of us how to make money clearly and at some point you have to pay to attend a webinar or participate in a workshop, etc. Mr. Gibbs, you have actually shown me how i can make this realistic for me!!! Unbelievable! You are really awesome! Because you have made it possible for a slow learner like me to actually make a go of this!!! God Bless You!!!❤ I am subscribed 😉
Thank You!!!
My mind is genuinely blown. It's tax season and I'm behind on bills. This could not have come at a better time. This man is an absolute treasure sharing this info for free. I can't wait to watch more of his videos. This was an easy subscribe. Well done, sir.
How did it go? I’m interested and want to see if others found it possible
@@relley9798 she became even more broke after joining his course
@@relley9798
Got a withdrawal today 🍾 to me
Dude knows his craft. I must say that you have to get out there and grind though. Because not every seller is going to do a 5-10yr deal like that. Great strategy for sellers that are stuck. It’s a bit tough in a sellers market. Lots of phone calls and stay persistent 👍🏾.
You’re such a great teacher. You made it less intimidating and very easy to understand. Thank you so much.
🙏🏾
Thank you for sharing your information was extremely simple and informative.
@@jamelgibbs I've met so many people who rent and get their place trashed into very costly repairs. Or tenants miss rent and don't leave
This was so educational...I have always wondered about getting into real estate with no cash...you have outdone your self thankyou God bless your heart 💜....now I'm in South Africa and I'm trying to use Zillow unfortunately it does not work for us...do you know which site can I use that's similar for my country....I'm also searching. I see the video is 2years old..but I think is very relavant..thanks again🙏
Hi Jamel. I know you're probably tired of hearing this but thank you for this practical simple and easy to understand video which makes it for people like myself less shy and more confident in giving real estate another shot. I appreciate the real world examples you apply to what you're talking about which often many "gurus" don't do and leaving us in the dark so to speak with the concepts. So thank you😊
I'm currently 18 and working on getting my real estate license. I've been interested in buying a property to rent out. This video is extremely helpful with understanding how the process works! I really appreciate it. I've watched so many videos over the past few months and this one is by far my favorite.
This was good Jewels and Gems he drop out of all the other you tubers videos this one gets an trophy for his excellent on this. Now I'm fixing to take off and run with this one
Go ahead and start building your credit ASAP, if you haven't already. Get a credit card, and use less than 9% of it's utilization monthly, and pay it in full monthly. You'll be glad you did. I didn't start my credit until 22, and I wish I had started at 18. I'm now 28 so it's not that major of a factor anymore, but those extra 4 years of credit history would have still been nice even today.
I no longer have my real estate license but when I did I was able to by rental homes by watching the mutilple listing system for expired listings and then calling the home owner and approaching them in a way similar to what the guy James in the video just explained. If the home owner wasnt interested I would then try to relist the property at a reduced price. Once the property was relisted under me and a reasonable time had passed I could then make an offer on the home myself and use the commission owed me from the seller as my down payment. Also while I was a realtor I'd keep my ears open for other realtors wanting to unload their rental propertys. Some times a retiring realtor would prefer a land contract or some thing similar over receiving all the cash at once so they could avoid the taxes.
@michael49022 but who pays the taxes and insurance for the home when using this method,
@@sliceofyourlyfe5794 it just depends on how its negotiated, look up gross lease and net lease
You’re the first person who has broken this process down thoroughly! Im so grateful! Thank you!
Fire content.. I'm gonna have to watch this a couple of times and start strategizing!
💪🏾💪🏾
me too lol
From the vocabulary to the scripting to the raw data you have provided here. Absolutely top notch work, thank you
I have been doing real estate since 1981 - Jamel's info is solid.
Do we need to have a license to do this?
If you make all of this happen and find a tenant buyer that is trying to avoid a traditional mortgage because of whatever reason, like bad credit etc...how are you to expect that they will have the balloon payment after 5 years? 100k home, they put 10k down, make $1000/month payments for 60 months and then owe a balloon payment of 30k give or take. You are just trusting they will have that 30k when the time comes when they couldn't even get traditional financing, hence why they do this deal with you? And if at some point they just stop paying but you still need to pay the original seller, would you then have some eviction clause in the deal in the event they stop paying, or become unable to pay?
It depends what you want to hear. You forgot to ask about insurance and what if the house burns down, which is very unlikely.
You're broke supposedly, so, I think it's still a positive result, even though you might lose the property.
I saw this in my recommended. As single father struggling with a lot, this video could definitely make me look into doing this, on top of possibly getting my own place and getting more money without having to pick up another job
Glad it was helpful.
I’m in the same boat. I’m looking for a house and I’m even interested in leasing to own. I’m try this for a few months and if I can’t make it shake I’m use my credit and get a loan from a bank
Wholesaling is really wearing me out and I am so grateful that you posted the exact steps on how to do this instead of giving the run around thank you
Pleaseeeee answer this one question I am currently about to reach out to the owner of a property. This is the most informative information I have ever come across good job 100% the only thing I’m confused about is . If the buyer Renter is paying full asking price say 100k how am I Getting any money if they are ONLY paying the amount asked ? Thank you sooo much I’ve never been so grateful 💕
18:25 I usually ask "you own it free and clear, right?" and if they say "no" then I ask "do you have any idea how much is left on the mortgage? I just need a ballpark figure, not down to the last penny or anything" I give a chuckle at that last part so they don't get defensive.
Fantastic. My daughter and I have been wanting to purchase a rental property. And I accidentally ran into your video on TH-cam and cannot believe what I’ve learned. It’ll take me a couple of times watching this video & I sent it to my daughter immediately. I know we’re both going to talk about you amazing 5 step process and we’re going to get the ball rolling. God bless you for giving this information so freely! I have a tingling of hope now that it is possible to own a rental property and do it with little or no money down… WOW… priceless Thank you so very much!
Owner financing deals usually want big down payment 20%-50%.also should have higher rate.Your first problem. You can buy homes 0% that's real. And it's not in the video.
Me and my daughter too! Good luck.
Finally someone to explain how this is actually done without having to listen to long drawn out video's and joining group sessions! Great job thank you!
My husband and I bought our first two properties by owner finance. We paid off both properties in 5 years. Good one young man. You did a great job communicating this. Great video 👍🏾
This man is the goat!! He doesn’t give you the runaround. He just tells you the truth and what you need to, and simplifies things. Given the chance I would like to work under him to gain some of his knowledge and see exactly how he does things
What he didn't tell you is what are you gonna do with non paying tenants . Lol, good luck evicting them in NYC for about a year and a half.
I loved how you were Not like others, who can talk talk and show nothing. You provided viewers with a on hand view on the laptop and steps to a way to dive in purchasing a home for passive income or sale. I’m sure there’s more depths but u provide a great overview!
Thanks
I viewed this video and you were very clear with your explanation on this process. It also answered my curiosity on how this process could be possible. And I came to the conclusion it could be done….if….everything fell into place & went exactly as your scenario. For one tenants are too unreliable…especially the ones who would be most likely to rent these not so desirable properties….but before even getting to the tenants…I can’t even imagine how hard it would be to get a seller/owner to agree to the terms you’ve listed…unless they have hardships like too much repair/work needed on the property or they’ve taken out a loan on the home and having a hard time repaying, etc…..unless those are the ones you are targeting. The strategy may allow for possible success but it’s a bit risky for my 😬 nerves.
Exactly what I was thinking!
Exactly !!! I saw this AFTER I left my disgruntled comments (pleas look at what I left!!)
I just want as-surety! This is a long term agreements between two different parties!! It can get risky , nasty and overwhelming
@Erica Brown I've heard of this method of getting something for nothing
I heard quickters using this way back, only thing new is the date on the calendar.
Brother im in Texas Houston area. father of 1 little girl. This is a way of doing realestate that ive never thought of before, passive income is the first step to financial freedom and thats my goal. this is the first video ive seen of you and i am going to watch some more but im really really interested in doing this and im goign to use your help. ive never actually done anything with my life for financial gain. Just didnt have the mentor. This seems like a no brainer but also i can see the skepticism people have easy money is scary because we all are normally working so hard for it.
Solid content no nonsense , no fluff , just actionable steps 🥂
"actionable steps". I like the way you put that. tHanks
What would be the method to renovate in this process in the most cost effective way, not out of pocket, while making agreement with seller and before buyer moves in and also best method to get that money back?
Wow.. I've seen hundreds of videos about this topic, but no one does it better than you. Thank you so much
Thanks
Ram into this video by accident but stayed because you were so well spoken and right on the spot. Thank you for the knowledge and hoping to learn more
Love it, bro. I'm 20 years in the game and I get quite a few calls where I have to slow people down (respectfully) and educate them. They love the way I do it but I don't have time to help them all so I decided to leverage my experience through my channel. Your channel is a good model bro. Keep grinding.
Can you help me please
Great video that makes financial sense... Found you on Noelle's video. I'm from Brooklyn, New York. Living in Baltimore, Maryland. I've been trying my best to get something going for a long time. I think I finally found it. Thank you for your selfless giving.
🙏🏾🙏🏾🙏🏾
Any updates on how it worked for u?
I love that you’re not gatekeeping this Information. Knowledge is power. I’m hoping to use this method to purchase/negotiate a commercial space for my art gallery. Thank you!!
Go for it!
GREAT INSTRUCTIONS!! I have never heard real estate explained this way. It was simple, yet profound. You are a very good instructor.
Thanks
Question - what happens if the seller passes away while you are still paying on the house. Do you automatically get the deed to the property? It's a morbid thought, but things like that can happen.
Very Authentic video! Than you Jamel for sharing the knowledge!
This video is dope. This is literally the key to being wealthy and building generational wealth! Thank you!
💪🏾👍🏾👍🏾👍🏾
I just wanna say thanks for all the information you provide to us, did my research day in and day out , I was extremely nervous dripping sweat when I made my first call, used your script and now I have an agent to represent me and I can go look at a property today ! Mind you I just started my business march 10!🎉 it feels good being yo ur own boss and moving how you want to move and making deals that people cannot resist in no time I will be a pro in no time I will make generational wealth and in no time I will be a public figure for my community and make changes ! Thanks again for everything !
💪🏾💪🏾
You are god sent to want to help other people gain the prosperity of success in life an for everybody it's a win-win situation. In real estate I'm going to go after everything you said on the video because for 1 I am a go-getter and have goals to do better don't have to be rich just striving to help my family out. So I thank you very much appreciate this video an may god bless you for it. Will be back in touch to let you know how I come out in the business world
Can we have a update!?
What was the result? Did you make the sale? And if so, how did things turn out on the back end of the deal?
This is by far the easiest explained way to go about real estate and I’m definitely going to take your advise and take that leap of faith
Did u do it
1 million views , a lot of people are viewing without subbing. Shame on you if you are one of those . This guy is amazing I am in the mortgage industry, I subbed half way through viewing because I know he is dropping gems. Good stuff. Much better than a lot of these other podcasts.
🙏🏾 thanks for that. I appreciate that.
So people have claimed this method but have yet to show the step by step process like you did! I have taken a multitude of”masterclasses” and walked away having not learned much! Your 5 step process was very helpful and informative! Thanks!
Wow mind blowing! The most clear concise straightforward educational video on owning rental properties I’ve ever heard. After watching other videos I’m left more confused than I started. Thank you thank you. I still want a coach and I like how clearly you explain everything! Where do I sign up?
You can send an email to info@reieducationacademy.com
In the subject line add “coaching”
Please provide your contact details as well.
Thanks
I definitely love this info
This is by far the most valuable video of this kind. No ambiguity,clear step by step explanation. One leaves knowing that if they are purchasing a course or mentoring,they are paying for great value.Thank you so much.I liked, loved and subscribed. Looking forward to all the gems
Wow Uncle Les (Nephew) Son is starting to become famous... I will be letting pops know how I'm learning from afar from his son... He always told me about you doing this... Well anyways Good Luck and God Bless Nephew... as i continue to learn
Thank you, incredible info, but I have some questions:
1) When you get the renter/tenant, at what point do they give you the down payment money? Because usually you get it at the time that they move it, but they (tenant/owner) can not move in until YOU have gotten possession.
2) What Contact forms do you use between you and the Tenant/owner?
3) Have you ever had a tenant/owner not be able to come up with the ballon payment at the end of the term?
I really appreciate your time.
also wonderinf
Wondering the same.
Yeah..I would like to hear from anyone in the comment section who successfully applied this method. I know it can be done..but I see possibly getting tripped up if you are new to this...
Good questions! I would like to know this too?
What she said! Wondering also!
I bought and sold real estate and I must say that this video was very informative. One of the best straightforward videos I've seen. Good job.
Just completed my real estate license, and I wasn’t clear on wholesaling and why someone would do this over flipping. I truly thought it was the same thing (that you were selling, never thought about renting), the only difference was renovating vs as is. This makes SO much more sense now on how this could possibly benefit someone. I thought anyone wholesaling had to have an investor level cash flow.
Now, when doing this, a person doesn’t need a license right? Or do they still?
@@WassupFred hey there, so sorry I just saw this!!! I can only speak for TN but you can manage one rental without a license; once there are multiple listings then the state of TN requires a license. I’m sure many others follow suit. Now there are still grey zones because you could manage an entire property with multiple units in that one complex , but as soon as that individual took on a second property outside of that complex the state wants a license to manage multiple properties.
It's 2024, and this video popped up right on time. ❤ what you're helping us do. #CarpeDiem
Where have you been all my real estate life?! I love how you concisely explained how to acquire a home. Good work and well done!!!
That was great to see exactly how you do it. I've contacted a few houses in that past asking if they would do an arrangement like that but I always felt like it wasn't okay to do that. Now I feel confident to keep doing it and I know it's possible for it to work out. Thank you!
How's it going now?
I would also like to know. How is it going?
Lol, I'm the same as the guys above ^
Just don’t feel right tho
If being stupid was illegal, my brother in law would be on death row
Thank you! Mom of 2 boys and a burnt out teacher. Started to get discouraged because of the price of a 2nd mortgage, but I’m very interested in starting a rental property. Hoping this method is the solution!
Did you start!?
I LOVE how u tell us what to say and what NOT to say🙂 and the breaking down the phrase and steps your talkin about for the people that know NOTHING about real estate‼️ DEFINITELY have to follow!!!
Absolutely amazing content, Thank you for being the only youtuber to fully explain what the no down payment process is and how someone like myself who is broke and has horrible credit fulfill a life long dream of getting into the real-estate business, side note you should have a million subscribers to your channel because you are absolutely 100% LEGIT. Like many other people i stumbled onto your video by accident and I am so happy i did. I live in Colorado where the real-estate market is booming 09/30/2022 and I definitely want to use this method here and in other states to bud my net worth. My ultimate goal is to have a breadth of a portfolio and lose that 9-5 M-F gig. Thank you again.
Word up bruh I just came true this video and men I got a whole lot from my men he is one of the best to
Me !!!
Have you tried getting a different job?
Any updates?
Brilliant! Sounds exactly like what I've heard from Carlton Sheets back in the day "creative financing" deals. Please make more no nonsense sensible instructional vids! You didn't talk down to your listeners AND you provided a sense of confident inspiration that these deals like what you described are possible. I love it! I need to replay this vid a few times for confidence purposes and to put your instructions into action! Thank you sooo much! YOU'RE THE BEST! NEW SUBSCRIBER!!!!
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This is Exactly w I feel! Thank You 🙏🏾🙏🏾
Carlton Sheets....................now there's a "blast from the past"!! I actually ordered his program. Lol!
Great motivation....only thing that changes in real estate is market values and property conditions.....the strategies are the same.....just depends on your approach....your level of hustle...how dedicated you are to your goals
Very clear. I don’t understand how someone is going to buy a house in 5 years though. You had me until the closing. Maybe 15 years and 10 years is a better deal. Great video.
There is no get rich quick. We know that, but it takes a ton of money to start in real estate because of how the whole system works. If this can open the door for more people then that's great. The time will pass anyway and personally I'm in a position where I don't make much but my expenses are getting lower because of my situation. This can really help
Hi Jamel, firstly thank you so much for taking the time to make this well-thought out video and giving us this information for free. I am absolutely grateful for your efforts. I do have some follow up questions that I would like to ask for further clarification. I’ve never purchased property before so I’m coming at this from a beginner’s perspective. I hope that either you or someone else in the comment section can help me understand. 🙏🏽
1. Why buy a property that is in bad condition? Wouldn’t that only attract people who are desperate for a home? And if we aren’t putting anything into fixing the home (buying as-is), won’t we be working with a tenant who would find it difficult to make monthly payments?
2. What do we do in the event of evictions? I assume we go through the tenant search step again, but wouldn’t that create the same situation of finding someone desperate or someone who would have a hard time making the required monthly payment? And in the meantime of finding the tenant, would that put us in a position where we’d need to cover monthly payments for them?
3. Can we do this same process with a property that is valued higher? Let’s say for example, in the same NC area that you work in, there’s a property for $300,000 and it is in a lot better condition and would therefore attract more financially solvent tenants. Could we use the same steps in this video for a property like that? If so, then I assume that we’d need to put more money towards an earnest money deposit, right?
Again, thank you so much for the video and I hope you have even more success and happiness with your ventures. :) 🙏🏽
I love your questions. Same thing I was thinking.
Remember not everyone had money to lose. If you do. Any house you buy you’ll learn.
good questions
Hey Jamal can you help me with buying my first home
According to my understanding, the reason is because this method primarily allows you to make passive income for several years while making money up front and on the back end. But I understand your concern with dealing with tenants who might have problems paying rent which would ultimately lead us to having to deal with evictions. That was my concern as well seeing as me and you are coming at this from the same, newbie perspective.
This is awesome information! Thank you so much!! I just have one question. What if the buyer does not fulfill their obligation of the contract? What if they get into the house and stop making payments? How do we fulfill our obligation to the seller? I hope I don’t offend anyone by asking these questions. I truly just want to know what the backup solution is in the event that something like this happens.
😮You made it super simple and it didn’t take DAYS to find out what the steps were. The so called gurus take 4ever and a day to tell you little to NOTHING. Thank you thank you thank you! God bless you and your family!
🙏🏾👍🏾👍🏾
Thank you because you gave us hope for breaking cycles! Currently 25 and have always lived in apartments with my parents. I want more for myself so really thinking of doing this. Sometimes we lack knowledge and that’s what stops us.
I'd always imagine acquiring a traditional loan to purchase rentals is very time consuming regarding saving up capital. However, this content truly opened new opportunities for creative financing methods. Thanks a lot man!
Glad it was helpful.
@@jamelgibbsdo you have a email?
Thank you so much! I love your video. It was truly very informative. I am new to this are you made this very fun and exciting experience. May you continue to be blessed in all of your endeavors. Thank you again!
I really hope when you wake up every morning....you know you are an angel...I am going thru a divorce with a petty husband and now my happiness just hit the roof with this information....I am on my way to pure wealth...I know me😊, thank you so much for sharing ❣️
How's it going
@@Sleepapnearain it's actually going great, I close on my first Airbnb on July 15 th. Thank you so much for asking 😊
@@AMcG77what was your process??
This video actually brought tears of joy to my eyes and gave me hope thank you so much.
Most states have a clause in the contract for deed that states you can't rent it out. Also most contracts state you must up keep the property and make the repairs or the contract can be canceled. I lost a contract for deed I had 2 years left on after 7 years because the roof needed shingles and I couldn't afford it. I lost 70k I had paid off on it. She sold it 6 months later for 100k and got to keep all money I had paid. Plus most mortgage companies won't allow owner to contract for deed it out
Appreciate the comment. This isn’t a contract for deed. It’s straight seller financing. There aren’t any restrictions with renting houses once you own it. Never heard of that before.
Also, with seller financing the mortgage companies aren’t involved. These are free and clear properties.
What state was this?
In my state, properties over three units is considered a commercial residential. Your video was very helpful. 💯
Absolutely 100 percent truly life changing info (if steps discussed in video are implemented ) this is the best real estate creative offer style deal presentation I’ve ever come across on TH-cam hands down I truly appreciate what you’ve done with sharing this info, a lot of value here! I caught every gem dropped! Very clear very well spoken
Should have a disclaimer
Video will leave you feeling like you’ve already closed your first deal lol
Hi, I appreciate how u took the time to share this info and how precise you were in explaining it step by step. Thank u I enjoyed the video I will watch ur other ones as well.
Thank you so much for sharing your knowledge. This was so clear. I took a 6 month wholesaling course and still confused. But you explained the whole process in 30 minutes. I am going to try this again!
Any updates?
How did it go ?? This is my first time looking into wholesaling.
Peace Bro ... Sooooo grateful for the info you've provided in this video!! I'm going to watch it again and again & apply these steps so I WILL OBTAIN (not pay for) MY 1st rental property!! THANK YOU!! God bless you and your family and your future endeavors 🙏🏽☝🏽🙌🏾
How did it go?
Did you make it happen
Good job but you should elaborate on the risks. You may not find a renter/buyer in time in which case you lose your $100 earnest money if you fail to close. Secondly, your renter/buyer may default leaving you with a note to pay the original owner until you find another renter/buyer and if you fail you lose the property. I have done these deals for years with great success but never for rental or resale. I use this tactic to buy my houses where I have lived for the last 50 years. It works everytime. I have never been scrutinized or rejected. However I can attest that few sellers are going to get excited about or will consider $100 earnest money. However I purchased the most expensive property I ever bought on just my signature!
So may I ask is this really possible , I would love to purchase another home to live in.
Right, doesn't the home title transfer not happen until the house is paid off anyway? Who would transfer a title for just a down payment?
@@jnbernardnobody cared to answer u because they don’t really want us to know the answer. It’s been two years…. SILENT!!
I just started watching this today and already getting calls and about to make deals this is crazy !! I know if I know a little more I’ll go to the moon.
My younger brother shared this video with me today. I personally need a living situation (thanks to Hurricane Ian), but I also needed stable, ideally passive, income. This could be part of the solution to both problems. Thank you for sharing.
Praying for u sis
Continued.... I discovered you on Noelle's Channel and although this is the first of your videos that I've watched, I'll be watching more , educating myself and taking action! Thank you!
Hey thanks for the video. I’m a little bit confused.. how do you sell a home owner finance before you close the deal to purchase the home owner finance?
Haha, if you can't find anyone to buy it, your out 100.00 . it sounds like your trying to sell shit you don't even own, and selling it as is, probably screws whomever buys it.
I’m 2 seconds in and man. You are so real. THANK you boo.
I'm honestly addicted to Zillow lol I can stay up all night looking at properties. Awesome information! Thank you so much ~Nicole Grows 🙏🏽🌱💜
I’m glad I’m not the only one! I go to Zillow everyday all day 😢
What would the typical payment structure look like on one of these? For instance, if the home is around $100k to purchase, a $500 monthly payment to the owner would take over 16 years to pay in full… The problem with doubling the monthly payment to $1,000 is the difficulty in renting a $100k house for over $1,000 a month to make any money off the rent (and that’s assuming nothing goes wrong with the property you’re now responsible for)…
Yep doesn’t even make sense to me. Another question is… how is the rent to own tenant even going to make the payments in half the time. He makes it sound easy, but I haven’t read that anyone watching this video has actually put his strategy to use with success ( just alot if comments).
@@tutu-lv9jg the only way I can see it Maki g any sense iis if you're a contractor and have Con tractor buddies. Take a shit hole renovate it and then rent it.
@@wilhelmlebaron3433 but he said it would ve listed as is.. who would pay that much in rent for a hs that needs a bunch of work
@@pryorkennel I live in Florida where rent is outrageous now. People are paying that price for trash. How you accomplished this is by getting a hefty down payment up front from the renter.
I’m so grateful that your video was on my feed whoever doesn’t click on your video is missing out on a learning opportunity. I’ve been interested In real estate and wasn’t sure where to start but this video helped so much it was very straightforward, thank you for using your platform to share your knowledge with others.
Looking to get my first property bc this was Very on point and thorough big thanks to you 🙏🏾 🤴🏾👏🏾
Jamel great info always love your videos - very clearly explained and to the point. I like how you use "safe" words so as not to trigger the seller's defenses ("Shields up!"). I've also heard in other courses "home" has more emotional attachment (for the seller) but "property" is straightforward and direct.
Indeed. Thx bro
This has been the most valuable real estate channel I have found. That you for providing such great content.
Thank you
God Bless your soul! you’re the best agent out here changing lives for others and educating 🙏🏽
Thx
This is absolutely my kind of deal! Thank you so much for this information. It's tax time as well and there are alot of people getting refunds and in a position to put down 5-7k and even more, depending...
Love this video! It was straight to the point and clear to understand. I'm wanting to get into REI and this Definitely made me feel like i can make the leap and do it!
Great content with clear and concise delivery. I finally understand where to begin and how to connect with my target properties. I will continue to follow you and share this channel. TY!
💪🏾💪🏾
This video came up by chance while scrolling on TH-cam. I have wanted to get involved in real estate for many years, and 2023 is going to be that year! You have a new subscriber, I look forward to using your detailed step by step processes! Thank you!
Real talk this was the most clearly informative real estate video I have ever watched. Dude the truth and I'm going to put it to the test.
Man! It is so refreshing to see you share such valuable & understandable information for FREE! ❤
Excellent. Very well explained and easy to understand. I plan to watch more of your videos or at least watch this several times to become more knowledgeable of the process. I can't wait to share with my husband so that we can jump with both feet in.
Thanks. Here’s another one to learn from:
How to Invest in Real Estate with No Money? (Real Case Study)
th-cam.com/video/4U2OufH8SUo/w-d-xo.html
I always appreciate and am forever open receiving a tremendous amount of value for all content intended for beginners. Thank you for helping build confidence to get a jump start in this challenging industry. Enjoy the ride ya'll!
Hi Jamel Gibbs, I am from Brazil and I just wanna thank you for share this information