Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Grace Adams Cook’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with 'Grace Adams Cook' for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Great one! He’s right on, those deals where you can solve a lot of complexity get you the deepest discounts. Our best deals on average are the ones with 3-4 previous quit claims that require marital status affidavits, quit claims from spouses, heirship suits, quiet titles, etc. Now it’s easier than ever to get the docs done with online notaries. Never thought to just get the quit claim ahead and mitigate your risk+have full control, definitely implementing that going forward
We have a deal that is purchased under Land contract. The Buyer passed away. She signed a doc that if she defaults on the loan beneficiary goes back to the wholesaler. But she never defaults title refused to close the deal for us to flip. Can you help?
Been going so hard but don't own anything? What about the profits you obtained from the deals? That cash is far more valuable than problem properties --- properties that will have major problems
Basically, he builds a team of deal finders, and that’s it. His team handles the tough problems, while others focus on finding deals for him. People pay to be part of the community, but they’re not really learning how to solve these challenges themselves. From what I can tell, it seems like he just teaches people how to joint venture (JV) with him and be part of his deal-finding "army"-that’s all. I may not fully understand it, but that’s how it looks to me... I don't see him talking about how to handle anything yet.. he talks about how he and his team can handle it.. not heard an examples of how he mitigate a particular situation
Howie, thanks for the comment. it's funny how even when you create a great strategy and people are crushing it in an awesome community someone always comes along to complain and find scarcity in it lol, comes with the territory. If you join the community you'll see every deal all the transparency and deal case studies etc. We did create something no one had ever done in this fashion. We merged a true loss mit company with investing for it to actually be efficient and be able to solve these complex problems, we buy them with certain docs that had never been done before and process them in a way where they actually work and turn into real deals. our members learn how to solve these complex issues, how to navigate and actually service a part of the market (sellers) that actually need it and no one in my 8 years has gone after in volume or with actual care. Appreciate the criticism but unless youre going to add to the convo or build something yourself of substance, I would find another strategy brother !
@WillyNumbers you responded poorly to this. Did all the masterminds but ignored everything about stoicism. Plenty of people in this space and others come along and do something they think is special and "trademark" it. The only trademark I see is when you called every other investor a dipshit for not doing it your way. Everyone that sells a group and/or course do what you're doing.
@@notyouraveragejohn69 Markets change and and so do strategies. The community is raving about this and more importantly succeeding right from the start.
@@WillyNumbers Why are you getting offended? He wasn't criticizing, he's just stating the facts. For better or worse you're selling a JV program. You don't teach them how to build their own team to solve these problems.
can someone explain to me how he 'owns' the property if the daughter sells the deed of a house she officialy doesnt own yet? these deeds are so confusing to me
@@WillyNumbers I have a deal that I’m working on right now. I think it’s considered a zombie property. House has been vacant for years. The owner lives in a nursing home and is about to die. The house is two years behind on taxes. Looked up title and has no mortgages but I was told that after he dies Medicaid will apply a MERP lien on the house. And I have already approached him and he does not want to sell because he is afraid of losing his Medicaid. The other thing is he is the last member of his family to be alive he will have no living relatives after he dies. I was thinking of doing adverse possession but not sure if that’s something I can do until he dies. The house is just sitting vacant. Can I do anything with this house?
You need a great Real Estate Attorney that can walk you through these deals. I have an issue, I let my attorney work it out and he's a beast because he has all the knowledge with years of experience. You can find a great attorney networking through your local investor group, that's how I found mine.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are advisors in cities around you but I needed services of one who can guide me irrespective of location. ‘Grace Adams Cook’ comes highly recommended especially in times like this. I am hedging and haven't lost much to the recession. I found her in 2020 when the market was at an all time low. Look her up and thank me later.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with 'Grace Adams Cook' for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Great one!
He’s right on, those deals where you can solve a lot of complexity get you the deepest discounts. Our best deals on average are the ones with 3-4 previous quit claims that require marital status affidavits, quit claims from spouses, heirship suits, quiet titles, etc. Now it’s easier than ever to get the docs done with online notaries. Never thought to just get the quit claim ahead and mitigate your risk+have full control, definitely implementing that going forward
Yep you get it!! Check our our community we JV and do all the back end work for you.
@@WillyNumbers what community ?
The “Knees Over Toes Guy” Ben Patrick might be able to help you dunk 😂 Another great podcast!
😂😂
Willy numbers dropping some serious game! Great listen with even more value 🔥🔥🔥
My man!!
🔥🔥🔥 That knowledge drop!
I signed up, this is gold
Wow! Great content and info!
We have a deal that is purchased under Land contract. The Buyer passed away. She signed a doc that if she defaults on the loan beneficiary goes back to the wholesaler. But she never defaults title refused to close the deal for us to flip. Can you help?
Willy probably can! Contact his Instagram if he's not responding here. His Instagram handle is @ willynumbers
Great information 💸
Been going so hard but don't own anything? What about the profits you obtained from the deals? That cash is far more valuable than problem properties --- properties that will have major problems
My brother I own a lot of rentals. We keep a % of these long term.
@@WillyNumbers right on man! I can understand it.
Just watched your videos looking forward to learning and working with you
Waiting for pace to chime in lol
This was a great show!!!!!
Appreciate you!
Do you have commercials even on premium?
Premium should remove UA-cam's ads. We still place our internal promotions to each podcast episode.
Did he say lock smith or law smith or something else? Trying to figure out who he said was able to figure out how to get the title cleared?
Law firm likely. It was inaudible I think on the recording. We have in house attorneys and our community has access to them.
Law firm.
once you buy the deed you're paying the property taxes right? And what else would you be paying on?
Not necessarily.
where is the link
flipdisruptors.com
Gold!!!
Do I have to have an llc to do this or jv with one of you in the community to do this?
Unsure, and I'd say it's always good to have an LLC for liability protection.
How will a title company close with title issues? How will you get that title insurance?
alot of different ways, quiet title is one of the rare ones, we usually dont have issues on resale or refis.
How are you able to clear title?
He's clearing title after he takes the deed.
How did you short sale and gain 175k profit ????
He bought the deed for a massive discount, so he just needed to pay off the mortgage, and everything else was upside.
Basically, he builds a team of deal finders, and that’s it. His team handles the tough problems, while others focus on finding deals for him. People pay to be part of the community, but they’re not really learning how to solve these challenges themselves. From what I can tell, it seems like he just teaches people how to joint venture (JV) with him and be part of his deal-finding "army"-that’s all. I may not fully understand it, but that’s how it looks to me... I don't see him talking about how to handle anything yet.. he talks about how he and his team can handle it.. not heard an examples of how he mitigate a particular situation
Howie, thanks for the comment. it's funny how even when you create a great strategy and people are crushing it in an awesome community someone always comes along to complain and find scarcity in it lol, comes with the territory. If you join the community you'll see every deal all the transparency and deal case studies etc. We did create something no one had ever done in this fashion. We merged a true loss mit company with investing for it to actually be efficient and be able to solve these complex problems, we buy them with certain docs that had never been done before and process them in a way where they actually work and turn into real deals. our members learn how to solve these complex issues, how to navigate and actually service a part of the market (sellers) that actually need it and no one in my 8 years has gone after in volume or with actual care. Appreciate the criticism but unless youre going to add to the convo or build something yourself of substance, I would find another strategy brother !
@WillyNumbers you responded poorly to this. Did all the masterminds but ignored everything about stoicism. Plenty of people in this space and others come along and do something they think is special and "trademark" it. The only trademark I see is when you called every other investor a dipshit for not doing it your way. Everyone that sells a group and/or course do what you're doing.
@@notyouraveragejohn69 Markets change and and so do strategies. The community is raving about this and more importantly succeeding right from the start.
@@WillyNumbers Why are you getting offended? He wasn't criticizing, he's just stating the facts. For better or worse you're selling a JV program. You don't teach them how to build their own team to solve these problems.
Bingo
@TheKneesovertoesguy is how Steve is going to learn how to dunk.
I'll pay what ever stripe link 😂😂😂
@disruptors the amount of selling from some of these guests is getting ridiculous
Life is sales. I’m sure you don’t sell anything 😏
I can see why you feel that. In this case I was curious to hear more about Reverse Flip and what it entailed.
🔥🔥🔥
Lets goooo!
🔥
can someone explain to me how he 'owns' the property if the daughter sells the deed of a house she officialy doesnt own yet? these deeds are so confusing to me
Following... good question.
Simple, just transfer the deed from the seller to your company
We do it all the time.
It sounds like he takes it through probate before doing the quit claim
Sometimes we hold them in escrow while doing probate sometimes we can record right away if probates already done.
@@WillyNumbers I have a deal that I’m working on right now. I think it’s considered a zombie property. House has been vacant for years. The owner lives in a nursing home and is about to die. The house is two years behind on taxes. Looked up title and has no mortgages but I was told that after he dies Medicaid will apply a MERP lien on the house. And I have already approached him and he does not want to sell because he is afraid of losing his Medicaid. The other thing is he is the last member of his family to be alive he will have no living relatives after he dies. I was thinking of doing adverse possession but not sure if that’s something I can do until he dies. The house is just sitting vacant. Can I do anything with this house?
Quitclaim deed is a piece of toilet paper in Texas 😅
Haha funny we’re doing about 10 a week in Texas. Seem to work just fine. You’ve been taught incorrectly.
You need a great Real Estate Attorney that can walk you through these deals. I have an issue, I let my attorney work it out and he's a beast because he has all the knowledge with years of experience. You can find a great attorney networking through your local investor group, that's how I found mine.
@@WillyNumbersif you’re buying heir interest you’ll need a warranty deed. Quitclaims are useless in Texas.
@@easy-closingisn’t that what the POA is for?
Sucks to hear.
🔥🔥🔥