🎉 We ALL made it to 100K! 🎉 Thanks everyone! I’m thankful to all of you for helping me grow this page and community. My platform would be nothing without all of you, so thank you for sticking around and supporting our journey of learning in real estate and asset protection. To the 🚀 and 1M!!! All the best, Clint
Price doesn't concern me as much as sensible payment terms. "Mr. Seller, if you can be flexible on payment terms, then I can offer full value." "Mr. Seller, which is more important to you: How MUCH money you get, or WHEN you get your money?" Creative financing solves huge problems for both buyer and seller.
"Except it takes forever and it's horrible". I love this guy 🤣 I have always hated the idea of being tied to a bank. Can't wait to find my first seller financing deal.
I know I’m a little late to the party here but here goes nothing. My husband is 62 and I’m 58 and we don’t have a lot to count on for retirement, but glass half full! I am considering making my primary house an Airbnb and would like to structure it as an LLC so I can take advantage of the tax deductions you spoke of to allow me to renovate my childhood home so I can take my 81 year old mother back home to at least enjoy the summers. I’m not even going to pretend I have any clue on how to accomplish this but by listening to you, Toby and Pace I now know it can be done I just need someone to lead the way so to speak. My husband and myself will have to continue to work our full time jobs for a while longer but I know with your help it won’t be until I’m 80. I kept trying to figure it out myself but honestly it’s been exhausting. I saw Effie on Sunday Service with Pace and she actually inspired me to reach out since I know I can’t figure it out on my own but I’m 100% certain with some direction we can get there! Sometimes you just gotta swallow your pride and ask for help. Your assistance would be greatly appreciated.
The timing of this video couldn't be more perfect! Part 2 would be great! Seriously generous "no fluff" content -keep it coming! LOVE you guys at Anderson and Infinity Investing.
I have been watching Pace’s stuff. I started the mastermind, I want to learn all I can, don’t only want to learn I need to act so this is one more I’m watching to learn. Thank u both for sharing.
HUD-1 is a document you receive at closing detailing all of the credits and debits to the buyer and seller Basically shows how much you paid or sold a property for. Many people will tout their deals ie.., I sold 50 homes this month. A way to fact check them is ask to see the HUD-1 for some of them. Here is a link www.consumerfinance.gov/ask-cfpb/what-is-a-hud-1-settlement-statement-en-178/
This video was so good! When he talked about giving the seller the price they wanted… light bulbs starting firing in my head. 😅💡It’s always good to lead with value. I heard another guy said something similar when he was hiring employees for his 100 million dollar company. He asked them what they wanted their salary to be during the interview and gave them exactly what they wanted lol. But he knew these employees were experts in their positions. The boss wanted to get them excited for their job at the beginning… knowing that he could fire them if they was not as good as they said they were. :)
By the way just heard you bring up Charlotte NC...that my home town...when I was in high school I watched my then mentor buy properties all over Charlotte, years later I'm getting into the game but starting here. Thank you guys
For seller financing deals with a balloon payment after 15 or 20 years, do you still use a 30-year amortization schedule? And is it a traditional 30-year amortization schedule where the interest will be mostly front loaded at the beginning?
Where and how do I get all the necessary paperwork so I can present to the seller for the seller financing deals? Or is that something I have to go to a title company for?
Hi Clint. Love you channel, and I've learned so much from watching your videos. I use LLCs and trusts to protect my companies and real estate. I'm not familiar with Pace Morby, but from my experience with AirBnb's, I'm having a hard time understanding how this guy is pulling in $20k a month from a property in Rowlett, TX where the average rent for a 5+ bedroom mansion is $400 or so per night. Then when I factor in a 20%-40% vacancy rate for the year, the numbers aren't adding up for me. Would love more info on this, and would be willing to speak privately to either of you. I enjoy your content, but also want to ensure that accurate information is being spread to people trying to get into the field that we love so much. Thanks
Tyress I know Pace to be totally transparent with his deals and willing to show his HUDs to back up what he is teaching. Have you looked at his UA-cam channel. He routinely has YT live events where you can ask questions about his deals.
@@ClintCoons Thanks for the reply. I reached out on his channel, and will attend one of his YT live events. Always willing to learn something new. As time changes, so does the real estate game. Thanks for the response.
Great video, I have subscribed to both of your channels. Great material, I will be using this for my first seller finance and sub2 deals. I’m excited to try both!! 😊
Hi Clint and Pace, this was an awesome video, thanks for sharing. Pace, I am curious to the drafting of the note, is it drafted by you after you and the seller agree upon the terms or should it be drafted by an attorney? Please bear with me I am fairly new to the terms you guys use.
@@estherlugo3447 he said it grosses 20k a month, 10k after all the expenses are paid. So again how is he renting a property for $1,000 a night that he purchased for $500,000?
I'm calling bullshit on anyone claiming to make 20k a month on a 500k property...maybe it's because of how little 500 gets you where I live but that just seems completely bogus....that's basically a grand a day for an air bnb on an average house? Doesnt add up at all
@@anthonycaruso6065 something here doesn't add up. $20k pm in Airbnb rent equals $240k per year. Assuming some amount of vacancy of say 20pc, meaning it will be rented 80pc of the time ie 292 days per year instead of 365. This implies that the average airbnb rent per day of $822 which would imply it must be a really nice property in a nice location. Think about it. The 15pc airbnb mgt fee I assume is compensation to a person to manage the whole thing (ie cleaning, towels, bed sheets, the guest, airbnb-guest communications etc) and not the fees of approx 14pc to airbnb which would either increase the cost to the renter by approx 14pc (ie $937 per day) or reduce the net amt rent to $707. The overall gross yield of 48pc whilst not impossible seems a bit rich.
If you would like a FREE 45-minute consultation, you can request one here:
👉 aba.link/6v1
45:35
Yes! Please have a conversation about 'Imputed Interest'.
🎉 We ALL made it to 100K! 🎉
Thanks everyone!
I’m thankful to all of you for helping me grow this page and community.
My platform would be nothing without all of you, so thank you for sticking around and supporting our journey of learning in real estate and asset protection.
To the 🚀 and 1M!!!
All the best,
Clint
Thank you so so much!!! 💕💕💕
Price doesn't concern me as much as sensible payment terms.
"Mr. Seller, if you can be flexible on payment terms, then I can offer full value."
"Mr. Seller, which is more important to you: How MUCH money you get, or WHEN you get your money?"
Creative financing solves huge problems for both buyer and seller.
Opting out of installment sale treatment is pure gold.
"Except it takes forever and it's horrible". I love this guy 🤣 I have always hated the idea of being tied to a bank. Can't wait to find my first seller financing deal.
👍🏿👍🏿
I know I’m a little late to the party here but here goes nothing. My husband is 62 and I’m 58 and we don’t have a lot to count on for retirement, but glass half full! I am considering making my primary house an Airbnb and would like to structure it as an LLC so I can take advantage of the tax deductions you spoke of to
allow me to renovate my childhood home so I can take my 81 year old mother back home to at least enjoy the summers. I’m not even going to pretend I have any clue on how to accomplish this but by listening to you, Toby and Pace I now know it can be done I just need someone to lead the way so to speak. My husband and myself will have to continue to work our full time jobs for a while longer but I know with your help it won’t be until I’m 80. I kept trying to figure it out myself but honestly it’s been exhausting. I saw Effie on Sunday Service with Pace and she actually inspired me to reach out since I know I can’t figure it out on my own but I’m 100% certain with some direction we can get there!
Sometimes you just gotta swallow your pride and ask for help.
Your assistance would be
greatly appreciated.
The timing of this video couldn't be more perfect! Part 2 would be great! Seriously generous "no fluff" content -keep it coming! LOVE you guys at Anderson and Infinity Investing.
You got it!
Yeah excited for part 2!
Absolutely! These two together are a dynamic group, can’t wait for more!!
Thank you both for your time and information.
You bet!
I have been watching Pace’s stuff. I started the mastermind, I want to learn all I can, don’t only want to learn I need to act so this is one more I’m watching to learn. Thank u both for sharing.
Please do a Lesson 2 and More .... wow so much Value in this video, it deserves a re-watch. Thanks so much gentlemen!!
We did.
This dude is a legend, great authentic value here!!!
Is there a link to the follow up video you were talking about @ 35:00 ?
I would love a part 2. I’m just starting out and this is great information for the future.
Where do you find a good AB&B manager?
Where can we get the recording?
Yes please share step by step! Many thanks!
Fascinating. Part 2, please.
This is eye-opening info. I just subscribed to the channel. I am sold on seller financing.
Roy Burke
Thanks for watching.
Absolutely love this.
Thanks
I definitely need a part 2, 3, 4, 5, 6, 7...you get the point. Watching this over a couple times before taking notes.
Best RE video on UA-cam!
Wow, thanks!
@14:12 “HUD up or shut up” - what are HUDs? Sounds like the deal details but what does it stand for?
HUD-1 is a document you receive at closing detailing all of the credits and debits to the buyer and seller Basically shows how much you paid or sold a property for. Many people will tout their deals ie.., I sold 50 homes this month. A way to fact check them is ask to see the HUD-1 for some of them.
Here is a link www.consumerfinance.gov/ask-cfpb/what-is-a-hud-1-settlement-statement-en-178/
Do a part two on creative financing and what paperwork to use
This video was so good! When he talked about giving the seller the price they wanted… light bulbs starting firing in my head. 😅💡It’s always good to lead with value.
I heard another guy said something similar when he was hiring employees for his 100 million dollar company. He asked them what they wanted their salary to be during the interview and gave them exactly what they wanted lol. But he knew these employees were experts in their positions. The boss wanted to get them excited for their job at the beginning… knowing that he could fire them if they was not as good as they said they were. :)
When making offers remember - My price your terms or your terms my price.
@@ClintCoons Definitely 👌
What is the HUDs they mentioned?
It is the settlement statement you receive at closing.
www.hud.gov/sites/documents/1.PDF
Thanks so much for sharing your experience! May you be blessed!
By the way just heard you bring up Charlotte NC...that my home town...when I was in high school I watched my then mentor buy properties all over Charlotte, years later I'm getting into the game but starting here. Thank you guys
For seller financing deals with a balloon payment after 15 or 20 years, do you still use a 30-year amortization schedule? And is it a traditional 30-year amortization schedule where the interest will be mostly front loaded at the beginning?
You can if you want to keep the payments low for the buyer. Its optional but it is the most common strategy.
Stupid question, what's HUDs (mentioned in 14:55)?
www.hud.gov/sites/documents/1.PDF
Please do Part II for advice on how to put all of this together and the forms I needed to use.
We did. Search my channel for Pace
Thanks Clint and pace. This is Lee Gray.
Great knowledge / Education..
We need more of this..
Thanks guys..
Deepika Atkinson
Thanks for watching.
Just came across this video. This is such value. thank you.
Glad it was helpful!
This is good stuff, thanks!
Thanks for watching
Yes pls do part 2!!
Need to learn all this, I want to do this, always have!
Definitely would like to see a part 2!
Congratulations to Mr.Pace Morby! And thanks for sharing and teaching!
Real educational sense you guys, thank you for this lesson. Please please do lesson two. Thank you so much
Please Due a part two on AirBB set up..this content is so valuable and you are providing it without a huge cost to the little guy!
We did. Check the channel for the second video
Hey Guys, This Was The Bomb Video That I Needed.. Thx Pace And Clint.. Looking Fwd To The Next Videos... : ))
To humid in Houston lol Yea I live here! Brutal......
22:55 wow ,
Please get a 3 part
outstanding, thank you. I learned a lot.
Very welcome
Who do you use to do the private mortgage notes for seller finance?
An attorney or licensed mortgage originator can assist.
That's the way I learn too Pace. Part 2, 3 or more..
Very interesting, good stuff Love to understand different ways to explaining the opt out to a seller finance for capital gains the first year..
Glad you enjoyed it!
Blessings Yawl. Amazing. Gracas Señor Clint, Señor Pace.
Great Information
Pls. do Part II to this video.
Its on my channel.
Where and how do I get all the necessary paperwork so I can present to the seller for the seller financing deals? Or is that something I have to go to a title company for?
Check out Pace's channel for this information.
Hi Clint. Love you channel, and I've learned so much from watching your videos. I use LLCs and trusts to protect my companies and real estate. I'm not familiar with Pace Morby, but from my experience with AirBnb's, I'm having a hard time understanding how this guy is pulling in $20k a month from a property in Rowlett, TX where the average rent for a 5+ bedroom mansion is $400 or so per night. Then when I factor in a 20%-40% vacancy rate for the year, the numbers aren't adding up for me. Would love more info on this, and would be willing to speak privately to either of you. I enjoy your content, but also want to ensure that accurate information is being spread to people trying to get into the field that we love so much. Thanks
Tyress I know Pace to be totally transparent with his deals and willing to show his HUDs to back up what he is teaching. Have you looked at his UA-cam channel. He routinely has YT live events where you can ask questions about his deals.
@@ClintCoons Thanks for the reply. I reached out on his channel, and will attend one of his YT live events. Always willing to learn something new. As time changes, so does the real estate game. Thanks for the response.
hey where is the link to the seller conversation that pace was referencing ?
i would love to know how these convos go, could you post the link please?
Yes we missed in it in the notes. I have reached out to Pace for the link. Check back in a few days.
I am interested in part 2. I am currently managing my first Air bnb and ready to start my second one
Yes add more info on this!
Noted!
This is excellent!
Thank you for the information! 👍
Glad it was helpful!
Yes I would love to have a part 2 so that I can continue not only learn but also see how it is done you can sign me up for the next one.
Just finished it yesterday. Plan to have it up in a week or so.
Wow, in 2024, thank you for sharing ❤
Great video, I have subscribed to both of your channels. Great material, I will be using this for my first seller finance and sub2 deals. I’m excited to try both!! 😊
Isn't the Cash On Cash Return is actually 432% 🤔? (I believe the numbers were switched that were divided)
Where can we find the note? I would love to read it over.
Very insightful -- Thank you!!
👍
You’re amazing Pace!!!
Love 2 see.........Part Two!!
I am listening to your show on father's day, a Sunday, and I am at work. I don't want to repeat this next year. So how do I break out of this trap?
Hi Clint and Pace, this was an awesome video, thanks for sharing. Pace, I am curious to the drafting of the note, is it drafted by you after you and the seller agree upon the terms or should it be drafted by an attorney? Please bear with me I am fairly new to the terms you guys use.
Gosh i need to know more about that tax thing Clint was talking about at 24 + mins
great conversation
AlpMade
Thanks for watching.
Pace, how can i write everything off?
This is fantastic!! Is there a part 2?
In the works.
Yes Part 2 Please! Sub2 student.. Great Video
Part 2 pls... Luv it
Will do
We want part 2 please.
Part 2! I’m curious about the air bnb listing also
We did it a few months back. You can find it on my channel.
Love this! Signing up with Anderson Business Advisors was such a great decision for us!
Thanks Rev.
Awesome! Thanks guys ❤
I need to rewatch this a couple times
Even if you rewatch it 100 times you won’t understand…. It requires years of learning.
How are you pulling $20k from that house? $1k/night rate?
10k lol not 20k
@@estherlugo3447 he said it grosses 20k a month, 10k after all the expenses are paid. So again how is he renting a property for $1,000 a night that he purchased for $500,000?
this is amazing!!! where can we find those recording memo on his iphone?
Thanks Guys
will seller finance work with small multifamily?
I dont see why not.
Was Dan pena your mentor?
Never met the man but his online profile is interesting.
Air b & b? Is that what your saying?
Let's do Part 2!!
I am working on nailing him down.
This is an amazing video, thanks guys.
🙏🏽❤️ for sharing and excited to learn more a part 2,3,more
You are so welcome
I need a love button, like is not enough!
Good stuff !!!
Glad you enjoyed it
Mind blowing!
👍
Great deal if you can convert to STR
The two legends met
Please do a part 2 ty
How are taxes and insurance paid separately from the mortgage created with the seller? Who gets that money?
Do you get to write off the interest you make to the seller? The servicing company would 1099 the seller and you at the end of the year?
Yes the interest you pay is deductible.
Please clint come out with part 2
I looked up his deal and it shows he purchased it at $500k and put down $100k Seller carries DOT for $400k with a 15 year Note.
So he never worked the seller to 10,000 down payment ?
Wow just curious how were you able to look this deal up
I'm calling bullshit on anyone claiming to make 20k a month on a 500k property...maybe it's because of how little 500 gets you where I live but that just seems completely bogus....that's basically a grand a day for an air bnb on an average house? Doesnt add up at all
@@anthonycaruso6065 something here doesn't add up.
$20k pm in Airbnb rent equals $240k per year.
Assuming some amount of vacancy of say 20pc, meaning it will be rented 80pc of the time ie 292 days per year instead of 365.
This implies that the average airbnb rent per day of $822 which would imply it must be a really nice property in a nice location. Think about it.
The 15pc airbnb mgt fee I assume is compensation to a person to manage the whole thing (ie cleaning, towels, bed sheets, the guest, airbnb-guest communications etc) and not the fees of approx 14pc to airbnb which would either increase the cost to the renter by approx 14pc (ie $937 per day) or reduce the net amt rent to $707.
The overall gross yield of 48pc whilst not impossible seems a bit rich.
And occupancy rates on airbnb in the suburbs will be average 50%
Please let me know of the meeting clint of you and pace, I am interested 😊.
Great Info.
Thanks for watching!