Originally posted by @Jay Hinrichs:
Originally posted by @Duy Nguyen:
I love this mentorship! The REAL value you get from this mentorship is THE COMMUNITY you will get. I have done severals sub 2 and owner financing deals after joining this mentorship and gained a bunch of friends along the way! Amazing program!
So if I understand this right he is teaching you to:
1. buy sub too
2. then resell owner finance.
is the resell owner finance done on a wrap? or how exactly is he suggesting you resell your sub too.. ? And if the bank calls the underlying loan who is going to pay it off or refinance it ? you cant your not in title if you sold it.. just curious how you handle these things.
Yes to all of the above! I also learned wholesale, how to build a business, how to build relationship if other wholesaler, how to build relationship with other people for JV opportunity....
And Yes to the due on sale, unfortunately, I have a bank called on my deal. However, Pace helped me fixed it and I am now having a performing note of 650 per month with no money down. Buyer and seller are happy at the end of the day!
Just locked up a deal with 0% seller finance as well. Getting that closed next week !