All Forum Posts by: Fade Aromolaran

Thanks so much for your contribution to this post and taking the time to even read through it all and catch up! In all honesty, I have no intention of picking up 20 this year. The title was just a way to attract people to the post to comment. But I am very interested in picking up at least a few this year and understanding the process in more detail and how to scale. The title may be more representative of my numbers next year. 

My biggest thing is finding those people that do it respectfully so I can lean on them for council. I would also not be able to even go through with these transactions on my own anyway because I am not interested in closing on a property without the legal backing of a title company. In regards to selling on a wrap, that was not me. My exit strategy is a lease option.

Thanks again!

@Chris Seveney

He addressed all of this in one of his videos on YouTube.

He has so much positive content out there so I don’t know how you even found that unless your search was biased to begin with. But I honestly don’t know the guys past because I wasn’t there.

He talks at length about being caught up with a client he was doing GC work for that owed him as much as a million before filing bankruptcy and he was wholesaling to pay his workers on his clients project, with the promise that they would pay him back at the end. But like I said, I don’t know if that’s true or not, because I wasn’t there.

@Gloria C.

In typical real estate transactions, buyer and seller agree on a price high enough to at least pay off the loan that was taken out against the property and the deed transfers. In subject to transactions, the deed still transfers to the buyer but you leave that loan in place and continue making the payments on behalf of the seller. The loan stays in their name. There’s a ton of controversy surrounding whether it’s legal/ethical/good practice or not.

@Peter Walther

He's freaking legit man, trust me. Just listen to some of the deals he breaks down on YouTube and join his Facebook group. He's hands down the best educator in the REI space in my humble opinion. So much value.

@Peter Walther

1% for equity assurance which is a service his company provides. That is separate from his educational content.

He teaches for free. He does have a mentorship that’s paid but he started that maybe 2-3weeks ago. He does ride alongs, will get on the phone with your sellers, his YouTube channel, replies to almost every message in his Facebook group, has a 16hr long training (no breaks) on subto, he’s getting ready to do another 25hr long one with no breaks on the 23rd, all available for free. Most of his educational content has been free up until this mentorship, but he still does A LOT of free stuff.

@Tiffany Drahonovsky

Thanks for asking but I don’t think it’s be good to move out of my immediate area until I’m a lot more experienced with this. But thanks again!

@Chris Seveney

He doesn’t charge.

@Ron S.

I think I understand where you’re coming from but cheating on your taxes is inherently wrong, while this is not. That’s the biggest difference I see between the two but correct me if I’m wrong.

@Joe S. Yeahh, that is why I don’t typically post on here. But there’s something to be learnt from everyone regardless! Especially all these guys that have been in the game for so long

@Chris Seveney

Haha you’re right! She reached out to me