All Forum Posts by: Geoff Husa

 Which national servicing company do you work for? I have a wrap buyer in escrow right now, who is really wanting the debt to be reported to the bureaus to help her credit. I'm trying to find a practical way to do this. The two servicing companies I've reached out to so far won't report.

I'm looking at them as well. Bonus points for being super quick and easy. However the amount of credit available was lower than I'd hoped by a lot. Interest rates were competitive and it's hard to beat the $0 cost for application... no points no fees. Might end up going with them but sitting tight for a bit while I shop around more.

Looking for a reliable contractor or handyman for some light rehab in or near Cloverdale, CA. Any recommendations?

Yes that's right. A regular wholesaler will typically only take cash. But a creative wholesaler will lock up a property either subject to the existing mortgage or on seller finance (or a combination of both) in a way that would make sense for an investor. Then that wholesaler would assign that contract to you for a fee. Creative wholesale deals are still hard to find though. Most wholesalers who can do creative deals either keep them for themselves or have ready buyers snatching them up... assuming the terms are good, of course.

I know and work with people wholesaling creative deals in Indianapolis. I've been working a couple leads up there myself too. Let me know what you're looking for and maybe I can connect you with a deal that works for you.

Hey all... following up here from when I commented several months back... I since joined Pace's mentorship and say emphatically... NO REGRETS WHATSOEVER. I'm not selling you anything by saying that. Whether you choose to join or not makes no difference to me, and if you do I get nothing for it. Just my own impressions here, for what it's worth. You're right to be skeptical and careful of mentorship programs from what I understand. But... there are some good ones too. Pace's is one of those for sure. There's soooo much benefit to joining that I'm not even sure where to start if I'm going to keep this post short. Pace himself, and his peeps go WAY ABOVE AND BEYOND what is expected in a mentorship. How many other mentors seriously enjoys calling your sellers for you and helping you close deals and not take a bite out of it himself? How many other mentors give you access to use not only their agreements, but also the use of their transaction coordinator? How many other mentors help get you networked to dispo your deals? How many mentors will let you tap his buyers? How many mentors do EVERYTHING they can to give you no excuses to fail? Pace wants you to get going, get your first deal, get another, then another, and grow your business. And he goes way beyond to take down any hurdles you have. He is a serious giver of his time. Gives so many hours each week to educate his students, answer questions, help close deals, make the mentorship better and better, and building a network of great investors with similar mindsets. I've been helped constantly by others in the group, as well as Pace himself. Example, I'm working on a probate deal (for a personal house for my family) and members from the subto crew volunteered to help me help the seller clean up the overgrown yard! They're helping me underwrite the deal, helping me be sure my comps are good, that I've thought of everything correctly and more! As for the education side of things. Pace puts so much into the program that outside of the initial course, it's overwhelming trying to keep up with all the seller calls he and his team do for us and record for our learning. He's paid to bring in the head of Fannie Mae/Freddie Mac to educate on important topics, he's brought in and paid for probate attorneys to educate us, CPA's, real estate attorneys, etc. For us newbies, he's pulling HUGE quality lists, skip tracing and giving them to us to market to, and people to help us turn resulting warm leads into deals. All this is way over and above what is a normal mentorship. That's just because it's who Pace is! So as for me, I have zero regrets! I never experienced any of the pressure some of you mentioned. I was quoted 2 price tiers that align with what you all have mentioned. The higher one gets you pushed into a faster deal producing pipeline is all. I was sold before I even called though so nobody had to close me... haha. I'm several months in now. Because of Pace's teaching modules, conversations, weekly zoom q&a, the awesome network of 'go-giver' people, and so much else that is part of the mentorship I have a solid understanding of how to structure deals, talk to sellers, build my business, and everything else needed to be successful in real estate investing. Wholesaling, creative finance, long-term buy and hold, flipping, and tons more! It's all part of what I've learned. I'm doing this virtually from overseas, while still working a full-time job, so my business development and pipeline is slow, but going. I'm seeing lots of other new students come in and start getting deals within weeks! And there are those who struggle too. And Pace and others move around them to find out where they need help and get in there and keep them going to get over whatever hurdle is keeping them. Oh and one more thing that stands out clearly about the group is that they operate not in a scarcity mindset, but in an abundance mindset. We're not competing against one another, but collaborating. Anyway, that's my 2 cents. If anyone ever wants to talk more about it, or about creative financing in general hit me up! Happy to talk!

Just a quick thought regarding what you proposed with a flipper. Most flippers I know who work that area would want to put it on the market where the competition is likely to fetch more than asking. It would take a special friend who would want to possibly forego the higher offers. Or someone who values the convenience of having a buyer pre-arranged. Or maybe you're the one offering higher than market (probably not recommended :)

I am part of a network of investors who buy and sell (or even assign) deals creatively. If you're looking for something in this competitive market, it might be worth your while considering taking assignment of a subject to or seller finance deal, or even a property being sold on a wrap. I'm happy to take some time to explain if you're not sure what those are. Lots of benefits to this as well, first and foremost not having to deal with the banks and all that rigamarole. If you're interested I could take what you're looking for, put it out in my network and see if anyone has anything. Are you looking specifically for Chandler? Open to Tempe or Gilbert?

@Russell Payne when underwriting a deal asa short term rental I'd think you’d want to be sure it also works as a long term rental, as a backup.

Hey all, I'm a subto student here... fairly new... about 6 weeks in. NO REGRETS WHATSOEVER. I'm not selling you anything by saying that. Whether you choose to join or not makes no difference to me, and if you do I get nothing for it. Just my own impressions here, for what it's worth. You're right to be skeptical and careful of mentorship programs from what I understand. But... there are some good ones too. Pace's is one of those for sure. There's soooo much benefit to joining that I'm not even sure where to start if I'm going to keep this post short. Pace himself, and his peeps go WAY ABOVE AND BEYOND what is expected in a mentorship. How many other mentors seriously enjoys calling your sellers for you and helping you close deals and not take a bite out of it himself? How many other mentors give you access to use not only their agreements, but also the use of their transaction coordinator? How many other mentors help get you networked to dispo your deals? How many mentors will let you tap his buyers? How many mentors do EVERYTHING they can to give you no excuses to fail? Pace wants you to get going, get your first deal, get another, then another, and grow your business. And he goes way beyond to take down any hurdles you have. He is a serious giver of his time. Gives so many hours each week to educate his students, answer questions, help close deals, make the mentorships better and better, and building a network of great investors with similar mindsets. I've been helped constantly by others in the group, as well as Pace. Example, I'm working on a probate deal (for a personal house for my family) and members from the subto crew volunteered to help me help the seller clean up the overgrown yard! They're helping me underwrite the deal, helping me be sure my comps are good, that I've thought of everything correctly and more! As for the education side of things. Pace puts so much into the program that outside of the initial course, it's overwhelming trying to keep up with all the seller calls he and his team do for us and record for our learning. He's paid to bring in the head of Fannie Mae/Freddie Mac to educate on important topics, he's brought in and paid for probate attorneys to educate us, CPA's, real estate attorneys, etc. For us newbies, he's pulling HUGE quality lists, skip tracing and giving them to us to market to, and people to help us turn resulting warm leads into deals. All this is way over and above what is a normal mentorship. That's just because it's who Pace is! So as for me, I have zero regrets! I never experienced any of the pressure some of you mentioned. I was quoted 2 price tiers that align with what you all have mentioned. The higher one gets you pushed into a faster deal producing pipeline is all. I was sold before I even called though so nobody had to close me. As I said, I'm new into the program. I'm looking like I'm closing in on my first deal... hopefully, and my lead pipeline is happening, and so because of Pace and the rest of the awesome go-giving subto crew I anticipate being able to get more deals going here in the coming months. I'm seeing lots of other new students come in  and start getting deals within weeks! And there are those who struggle too. And Pace and others move around them to find out where they need help and get in there and keep them going to get over whatever hurdle is keeping them. Oh and one more thing that stands out clearly about the group is that they operate not in a scarcity mindset, but in an abundance mindset. We're not competing against one another, but collaborating. Anyway, that's my 2 cents. If anyone ever wants to talk more about it, or about creative financing in general hit me up! Happy to talk!

Hey just a quick thanks for all the responses! I appreciate you all! I'll give some more info here. So I'm just starting in business, marketing direct to sellers, mostly looking to operate in creative financing realm of things. As part of my setting up logistics, I am in contact with a title agency in AZ where I'm looking to do my investing. I do plan on needing to be able to hold title. Our title company in AZ (Title Alliance) who works specifically with creative deals by the way, has said that with many of the transactional documents a notary or POA is not necessary, but if there's a transfer of title into or out of our name then we would need a POA since we're overseas. I sent our existing POA for their review, which they came back and said it would not be valid for such transactions. The witness has to be notarized as well. The smallest little mistake!! Apparently you don't just want to download any old form online and think you're good to go! So now I'm working on a new POA that will be valid in AZ. Title Alliance was gracious enough to put together a POA document for me that will be valid. They didn't charge me for that! Shout out to Title Alliance! I've heard nothing but good about them! So now as far as I know, I just need to get it signed, witnessed and notarized. And yes, it absolutely has to be on US soil. So I'm working on getting an appointment with the embassy to use their notarial service there. It looks like, because of covid, they're not opening up appointments for that kind of thing till next month. Hopefully that will take care of business!