Man, I freaking love your videos! You explain things very well and make them look so simple and easy to do. I've never given so many likes on UA-cam before. Cheers!
This is a great concept because you can just zero out in the transaction when it comes to the wholesaler/ seller transaction. But you can pick up the profit from when the wholesaler transaction. Very very intelligent. This is what I live for.
Best Video so far! This is how you have to break it down! Don't make it hard on yourself folks...IT IS JUST THAT SIMPLE! Keep 'em coming....do one just like this for coming up with REPAIR #'s, closing cost and any other expense that gets deducted during closing! Thank you Max!
I've been watching Max for a little while know and he's really the best man. He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
I would LOVE to see more videos like this Max. Very informative and easy to understand when you break things down like that. Thank you so much for all your content
My state is a Tax Deed state. Found the Hot Zips and worked the zips closest to my zip. In deal machine placed mailers on 6 deals found over two days. The first day of the challenge asked for this comment. Ima Keep going.
The information is awesome. I have been afraid because of scams and really no education on the subject. But know is the time. My time. Trust is a big factor for me. I can truly say i Trust your word. I am on my way by April i will have had my first deal completed. Thanks again
You're the man Max! Exactly what I needed, I am diving into the game this week all thanks to you. Testing out a new lead source too. I'll let the group know how it goes on FB.
I've been watching Max for a little while know and he's really the best man. He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
OK my bad I get it now your putting the mortgage or taxes into your offer dah I'm little tired I get it now that rocks I was worried about dealings like that but it's so simple now thanx
Omg thank you so much for this video. I’ve heard of this happening but I wasn’t completely sure how to approach it if it happened to me. Thank you for all you do!
Thank you! I’ve been watching video after video because I was getting so confused about how the debt & equity aspects factor into these kinds of deals and in one video you made it make perfect, simple sense.
@@Thinkbig2025 ... its learned behavior a marketing tool.. and mind programming like purposely making android text green to make apple users feel exclusive... why green.. its mind programming... and 100 other things I could say
what happens if you purchase a tax lien for a house that you would claim as yours after a 1 year grace period passes without the owner paying you back.......but the owner has a mortgage on it and a bank is involved?
Thanks for the cut and dry breakdown. Sorry i missed the live the other night. IG kept crashing on me. I think people are going to get some serious value out of this. Keep it up max.
Max can you please do a video about the interaction with the seller in terms of them finding out that your not the end buyer. When should I tell them, if at all? How do you handle it when they are angry or find out your profiting, etc... im just worried about building rapport and then having it all crumble bc they feel theyve been lied to. No one is talking about this, why??? Thanx!
Derick Robinson -I know you asked Max. I’d personally want to hear from him. However, If I may interject- I thought when you were speaking (face to face) with the “seller” that you ALWAYS tell them YOU’RE AN INVESTOR. This way they know you’re there to HELP them solve their challenge. Max actually has great video on that subject. Maybe you hadn’t gotten to it at the time you posed your question. Wishing you well. 🇿🇦🇺🇸
I've been watching Max for a little while know and he's really the best man. He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
What about if the property was auctioned and an investor holds the title for the property for a year unless the owner redeems the property within a year. Could the owner sell their house since they have a year to redeem it? Or is it not possible since they no longer hold title?
Hey!!! Team Andriod!!!! 😂😂😂 I was offended by your comment! lol jk!!! Great tips! I like how you explained it with the cellphone. Its sort of the same thing with a car. When your car is "upside down" in payments.
It sounds like youre assuming the owner is going to be completely honest or knowledgeable about all the encumbrances. If theyre not how would you know what all the encumbrances are without doing a title search?
I need help please. I found a property that need repairs the owner asking price is $62000 and he said the house needs 37,000 in work it’s a 3bed/2ba it’s a 908sqft. How should I calculate this? What formula should I use to know what’s my offer is? If I live in Texas
I’m kinda confused on that 30% brotha. What discount is that? Do you have to do on every wholesale buy? Thank you again. I’m grabbing a spung and soaking up this intel from u. I appreciated it
Greetings, the 70% of ARV is sometimes referred to as the “investors discount” If the figures are correct, a fix and flipper should be able to make that 30% at minimum as profit, once the property has been rehabbed. 🙏🏾
What a great and clear video. Easy to understand. So if the house has both the Delinquent taxes and Mortgage then : then we have to consider both of those and then offer lil bit more off of that for the seller correct? and For Taxes we will have to deal with commissioner and for Mortgage we will have to deal with the sellers bank to finish process?
You need to have a team, possible contractors, builders, home inspectors, they have the expertise to walk into a house and give you a breakdown of what it needs to bring it to a livable condition
I have a question when it comes to the lien being paid does the title company take care of that or do we have to trust the seller to do the right think and pay it when they get the money ?
I have a question in Illinois ( cook county) our tax assessor has information on the property including building violations and foreclosure liens. Is this sufficient enough to not hire someone to check the title for liens?? Thank you??
I keep riding by ths for sale by owner property on my way to work is this a good property to start with I haven't done any deals yet but I want to get started
Me too. Everywhere I looked it says 70%. Where does these percentages come from and are they based on what Class the house is considered? A,B, C neighborhoods?
So you're basically bundling the backed taxes into your offer. Makes sense. Great vid
Your analogies are great. It makes the concepts easier to understand. Keep it up!
Got it, add what's owed to the offer. This was such a simplistic way to understand this ADDING the phone example was excellent. Thanks
Man, I freaking love your videos! You explain things very well and make them look so simple and easy to do. I've never given so many likes on UA-cam before. Cheers!
This is a great concept because you can just zero out in the transaction when it comes to the wholesaler/ seller transaction. But you can pick up the profit from when the wholesaler transaction. Very very intelligent. This is what I live for.
Best Video so far! This is how you have to break it down! Don't make it hard on yourself folks...IT IS JUST THAT SIMPLE! Keep 'em coming....do one just like this for coming up with REPAIR #'s, closing cost and any other expense that gets deducted during closing! Thank you Max!
I've been watching Max for a little while know and he's really the best man.
He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
I just asked this same question. I didn't know tax "lien" properties could be wholesaled. Good stuff.
I would LOVE to see more videos like this Max. Very informative and easy to understand when you break things down like that. Thank you so much for all your content
My state is a Tax Deed state. Found the Hot Zips and worked the zips closest to my zip. In deal machine placed mailers on 6 deals found over two days. The first day of the challenge asked for this comment. Ima Keep going.
The more I'm watching the more I'm understanding it. Peace and love to all...
GREAT VIDEO! We were talking about this the other day.
Shalom Max, Blessings
Great Video !! Thanks ✌
The information is awesome. I have been afraid because of scams and really no education on the subject. But know is the time. My time. Trust is a big factor for me. I can truly say i Trust your word. I am on my way by April i will have had my first deal completed. Thanks again
Thanks for breaking it down where I could understand 😅
Understood. Great way to break it down 👍🏽
Omggg this is perfect !!! This is just what I needed!!! Thank you so much!!
You're the man Max! Exactly what I needed, I am diving into the game this week all thanks to you. Testing out a new lead source too. I'll let the group know how it goes on FB.
I've been watching Max for a little while know and he's really the best man.
He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
Thanks Max! Simple and straight to the point!
When you break it down like that this type of situation seems really simple. Thanks for explaining this type of deal in the video.
OK my bad I get it now your putting the mortgage or taxes into your offer dah I'm little tired I get it now that rocks I was worried about dealings like that but it's so simple now thanx
Brilliant analogy! Great video as usual 👍🏾
Your content is priceless brother!! I appreciate all that you do for everyone
Omg thank you so much for this video. I’ve heard of this happening but I wasn’t completely sure how to approach it if it happened to me. Thank you for all you do!
That was a good one Max
Thank you! I’ve been watching video after video because I was getting so confused about how the debt & equity aspects factor into these kinds of deals and in one video you made it make perfect, simple sense.
Great accurate info....go do it...thanks Max
PH
Sensei Max teaching his students the art of never being broke again 😂😂 I hope I get to meet this guy soon
What if the repairs are more ?
Pure gold !!! Thankyou Max
Thank you I’ve been looking for a video to exactly explain this!! Thank you
Damn this is a very informative straight to the point video many thanks for sharing.
Added to playlist. Good info. Hey, I switched from IOS to Android after 10 years. Makes lots of sense trust me 😛 I should have done it much sooner.
Yes it does androids are the best
Why? I feel like IOS works stronger than android
Now you know welcome to the sqaud😂💪
@@Thinkbig2025 ... its learned behavior a marketing tool.. and mind programming like purposely making android text green to make apple users feel exclusive... why green.. its mind programming... and 100 other things I could say
Question: how do you know if the property has delinquent taxes on it??
Nothing about negotiating with the bank or the IRS?
Indeed. This video gives a clear answer. Thank you!
what happens if you purchase a tax lien for a house that you would claim as yours after a 1 year grace period passes without the owner paying you back.......but the owner has a mortgage on it and a bank is involved?
That was a perfect simple explanation man thanks so much
Is this the same idea on a reverse mortgage as well?
Just was a great video. It explained something that I've wondered about for a while. Thank you so much
Thanks for the cut and dry breakdown. Sorry i missed the live the other night. IG kept crashing on me. I think people are going to get some serious value out of this. Keep it up max.
Thank you brother. Very informative....
So you just add the cost of the taxes into your offer I was wondering how I was going to deal with that problem I was just thinking about this today
Thanks Max, your vids are always informative!
😂😂😂 finally got it. Appreciate you bradda for what you do. God bless
Great video Max!! Much appreciated.
Thanks for sharing Max.
Max can you please do a video about the interaction with the seller in terms of them finding out that your not the end buyer. When should I tell them, if at all? How do you handle it when they are angry or find out your profiting, etc... im just worried about building rapport and then having it all crumble bc they feel theyve been lied to. No one is talking about this, why??? Thanx!
Derick Robinson -I know you asked Max. I’d personally want to hear from him.
However, If I may interject- I thought when you were speaking (face to face) with the “seller” that you ALWAYS tell them YOU’RE AN INVESTOR. This way they know you’re there to HELP them solve their challenge.
Max actually has great video on that subject. Maybe you hadn’t gotten to it at the time you posed your question.
Wishing you well.
🇿🇦🇺🇸
Thanks Max! I watched someone else's video on this and was bored and confused. You simplified it very well for me! Thank you for creating this video!
Hi Max, I doubt you’ll see this but I ask anyway. How do you factor in closing cost?
I've done it. It's easy. Great explanation!
I've been watching Max for a little while know and he's really the best man.
He also told me to network with people who are already in the game. Connect with me and I would like to hear what's working for you ?! Let me know how that sounds
Do you have any video on how to calculate ARV?
What about if the property was auctioned and an investor holds the title for the property for a year unless the owner redeems the property within a year. Could the owner sell their house since they have a year to redeem it? Or is it not possible since they no longer hold title?
Hey!!! Team Andriod!!!! 😂😂😂 I was offended by your comment! lol jk!!! Great tips! I like how you explained it with the cellphone. Its sort of the same thing with a car. When your car is "upside down" in payments.
Max can I wholesale a house that only one year behind in taxes?
how do i get the ARV if it dosent need repairs?
It took me 2 weeks, 18 youtube videos to finally stumble on this and finally get it!!!!! THANK YOU!
It sounds like youre assuming the owner is going to be completely honest or knowledgeable about all the encumbrances. If theyre not how would you know what all the encumbrances are without doing a title search?
I need help please. I found a property that need repairs the owner asking price is $62000 and he said the house needs 37,000 in work it’s a 3bed/2ba it’s a 908sqft. How should I calculate this? What formula should I use to know what’s my offer is? If I live in Texas
THANKS MAX FOR THAT INFORMATION
I’m kinda confused on that 30% brotha. What discount is that? Do you have to do on every wholesale buy? Thank you again. I’m grabbing a spung and soaking up this intel from u. I appreciated it
TUFFNUTz the 30% is taken off the arv so when you sell it the buyer has more room to make their money on the deal
What about the “due one sale” clause? How will that impact a home with a mortgage lien especially a backed mortgage lien?
what if you pay a tax lien on the house and the person do not pay for the taxes within the year. can you still sell the house
Try the Arv Mao quik calc on google play
I’m confused on the discount portion of this video everything else makes perfect sense. Can you explain further
Greetings, the 70% of ARV is sometimes referred to as the “investors discount” If the figures are correct, a fix and flipper should be able to make that 30% at minimum as profit, once the property has been rehabbed. 🙏🏾
so the mao should always be over the mortgage balance, if so is the seller always obligated to pay the remaining mortgage?
What a great and clear video. Easy to understand. So if the house has both the Delinquent taxes and Mortgage then : then we have to consider both of those and then offer lil bit more off of that for the seller correct? and For Taxes we will have to deal with commissioner and for Mortgage we will have to deal with the sellers bank to finish process?
No title disperses it all that lien positions they get paid accordingly
Thanks for this vid. So how do you approach the sellers if you are cold calling them?
Great explanation, Max!
Great video!! thx
This is a great video, I’m soaking up all your game. I’ll be REInvesting soon come, lickle more seeeen!!! 👊🏾
The disrespect to us Android users was real 😂. Great video. Simple breakdown. Very easy to understand. 💯
This makes sense. Thanks for making this.
Heard you can get insurance on these liens. Is that true ?
Thank you Max!!! 🤗
Thank you for the nugget!! I sent you an email about a distressed home with a mortgage- this vid answered my questions
Thank you for another great content. How do u calculate repair fees and determine After Repair Value(ARV)?
You need to have a team, possible contractors, builders, home inspectors, they have the expertise to walk into a house and give you a breakdown of what it needs to bring it to a livable condition
@@dupesalami1430 Ese sister Dupe from Motherland.
Thanks Max, very nicely explained.
Great vid, taught me something new!
Good video!
Much appreciation for the info brother.!!!!
Office looks clean!
Max, can I ask what/who you use for skip tracing?
Can I just purchase the property from the county and get the deed that way?
How can I watch the Q&A I don't see it on UA-cam now
I have a question when it comes to the lien being paid does the title company take care of that or do we have to trust the seller to do the right think and pay it when they get the money ?
is there a fee to find out if title is incumbered
Great video! Signed up for the Facebook page also!
Great video. I like Android why would you want an iPhone?
So does the seller pay before hand or after closing?
I have a question in Illinois ( cook county) our tax assessor has information on the property including building violations and foreclosure liens. Is this sufficient enough to not hire someone to check the title for liens?? Thank you??
The Title Company will still check to be sure that there aren't both title and liens on the property.
Good stuff max!
what is a vendor lien and how do i get around it?
How would you structure that deal though, the same way you do a regular deal?
Tax goes into the offer price so seller can clear that. Easy peasy.
So the back taxes & the liens will come out of the purchase price ? Most times you don’t know what other liens are on there until title pulls
Correct any title issue is more room for negotiation also. Have you had any luck with tax delinquent deals yet?
@@kerryleehartley it’s all I work
I keep riding by ths for sale by owner property on my way to work is this a good property to start with I haven't done any deals yet but I want to get started
I do Tax Delinquent Scrubbing and Web Scrapping
Great video
Thanks Max brother
I’ve heard people say discount 60%-70%. How do you decide how much to discount depending on the market?
Me too. Everywhere I looked it says 70%. Where does these percentages come from and are they based on what Class the house is considered? A,B, C neighborhoods?
I think it's just like a good "rule of thumb" things