Subject 2 information

[Mike Wilcher Jr]

What's up BP! So I'm on the fence of testing out the Subject 2 method because the idea of no banks,credit checks, giving a kidney all seem great on paper.

However, a lot of the gurus on YouTube make it sound so easy but I know there is tons of information they are withholding. Can anyone here refer me to someone that has/currently did a sub2 deal and would be willing to honestly walk me through what the process was like?

My wife and I are willing to try anything on our real-estate journey that not only makes sense but allows us to JUMP and FAIL FORWARD!

Thanks BP Nation

[Pace Jordan Morby]

Hi! My name is Pace Morby and I would dare to say not many people, if any, have done more subto, seller finance, lease option type of deals than my organization. 

My youtube channel has 1600 videos on it and several of those videos are over 4 hours long. 

The main thing you need to know is WHERE ARE YOU LEADS or DEALS COMING FROM? 

ASK THIS QUESTION FIRST: WHAT WOULD YOU DO WITH THE DEAL IF IT LANDED IN YOUR LAP??? Wholesale it? Flip it? Or Hold it? THOSE ARE YOUR ONLY OPTIONS!!!! THATS IT!!!! Pick one!

Are you going to get your deals/leads from one of these sources: 

1. Direct To Seller. Challenging and expensive. Writing letters/Postcards. This is also doorknocking or driving for dollars. Cold calling. PPC,SEO, Facebook marketplace ETC. In order to do this strategy... you have to find a group of people that are MOTIVATED and likely to sell. For us the biggest lead source is EXPIRED LISTINGS.... Foreclosures etc. YOU NEED LEADS!!!! The challenge is here in NOT about creative finance...t the challenge is learning the discipline of working on leads and having courage to fail forward... this is why most people default to NUMBER 2. 

2. Direct to Agent. New people often use this strategy because they hope that the agent will help them find a deal. A lot of people find success with this but this is NOT my preferrred method... WHY??? Because most agents dont own their own real estate investment properties and are not taught on how to find good deals. So in essence you either have to A: Find agents that own real estate themselves and GET IT or B: you have to educate agents on real estate... which they dont like. 

3. Business to Business. Referrals. You can work with probate attorneys, I have several youtube videos on this. You can work with Financial planners. Most people wont put in the work to be honest. 

4. Direct to Auction. Foreclusure.com or similar. Sheriff sales. ETC. This is someone has already offered this on market. 

5. Wholesalers. This is pretty easy. I have a facebook group full of them selling deals. FREE facebook group with 90K members. 

6. Work for Someone else. A lot of people have come to work for me and then left to build their own business. Imagine working for someone who has already figured it out and you get the CHEAT CODE.