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All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 682 times.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61

OMG!

Mike, you owe me a new monitor because even if I can get all the coffee cleaned off I doubt it will ever be the same again.

:lol:

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by Nick Johnson:
Taz.....................what city are you in?

I'd like to stop by just to look at that piece of history you mentioned before you deleted you long winded reply

Those hang on the wall in my NC office right outside of Raleigh.

They are pretty cool, handwritten with no errors, strikeouts or misspellings. Well, no misspellings given how things were spelled THEN. And big red wax seals proving the taxes to the crown were paid. I wish I had the deed that was part of the transaction too but if wishes were horses...

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61

I had a long winded reply, but...

Ah, never mind.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by David Alexander:
Apprenticeship program.. not sure...

I don't have one...

So, nope not sure...

Thanks, you answered my question. :wink:


Uh, no. I have even less tolerance for bad toupees than I do for grandiose overreaching claims of having invented techniques and coined phrases.


I think the WB Taz has a unique way of cutting through the superfluous stuff around him focusing on the one simple and very obvious thing in front of him. Wouldn't you agree?

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by Jason Williams:
- no, Taz, you don't assume any loans.

By definition, with sub-anything you don't formally assume the loan. You do assume the moral responsibility to make the payment. Well, in the case of the "sub3", the ultimate buyer assumes that moral responsibility.
I'm also curious, Taz, to know who it was you spoke to concerning the intricacies of sub3.
And did you "make it worth their while", as you claimed you would? If so, how?

Yes, actually I am compensating them for talking with us. How I am doing that is of no business of yours.

However, you might be interested in how we discussed these things. We had our attorney on the line when we conversed and we made it very clear we did not want any of the materials, nor any proprietary secrets or anything like that. We were not looking for them to explain the program to us in any way.

The ground rules were simple, with each one we detailed our understanding of a different PART of what I suspected and simply asked for a yes or no reply. They answered yes where we expected and even more importantly no where we expected.

None taken. I hope he sells a butt-load of seats for his training. Flipping sub2s is a good business model for anyone. Creating the notes is a good plan too.

But, it isn't new and he didn't "invent" it any more than Al Gore invented the internet.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by David Alexander:
We are not buying the note...

Go back and read what I wrote, I did not say you bought the note, now did I?

And what does Robert Allen filing Bk have to do with anything...

Cracks me up when folks use the.. Well so and so filed BK so their info isn't any good...

If their one thing I've learned through the years....

One sometimes you crack the egg shells too hard when you decide to cook them....

And that's ok.... because it's better to be in the game...

And in the game... is where the experience is....

And in those experiences... mistakes.. not that I'd call a Bk a mistake...

(and No.. I've never filed a Bk... knock on wood)

But, I wanna learn from the folks who've been in the trenches...

And have scars... to prove it...

Because after all is said and done...

It ain't easy..... always...

And you gotta be strong to survive...

Oh Geez, next you will say you aren't falling down just falling forward when you fail trying something new. :roll:

BTW, I've been doing this a long time and I've seen a lot come and go...

If you have to "fake it before you make it" you aren't ever going to make it.

David, do the words, "Apprenticeship Program" sound the least bit familiar to you? Don't bother answering here. Just think about it for a little while.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by nationwidepi:
Taz = King of DD
(Due Diligence)

As usual, nice leg work Taz. You remain my hero in this category! :lol:

LOL! Thanks, but as I explained on the phone, it is all the quick and hard work of the research team that makes me look good.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by David Alexander:
Lol...

Then you didnt' talk to any of my folks..

Because if you did...

You would be quietly amazed...

I know they keep their mouth closed..

Or you simply talked to someone that didn't understand it and thought of it just like you do.. (meaning they haven't been through the training and are just speculating as you are... lol).

No, they provided proof they took the training. Could they have fooled us? Well, anything is possible, but... let's just leave that there, k?

Taz... It doesn't matter to me what you think...

The sub3 term was created by a friend of mine as I said...

Because it isn't sub2...

Yes, I know you say it isn't subject to because you don't actually buy the property, yadda yadda yadda. I know the person buying the property to live in actually assumes the note, yadda yadda yadda. I know you are in the note business, yadda yadda yadda.

It isn't new, my grandfather was doing this 80+ years ago and my parents 40+. Heck, even I did a few back in the day when you really could FULLY assume any loan without bank approval. Then it was just FHA/VA, then just VA, now they all have DOSC they only sporadically enforce.


Not even close! I have paperwork buying property subject to the existing financing from 1984. The first time I heard the "sub2" term was when Robert Allen was clumsily trying to teach people to sound a bit like an auctioneer at one of his free seminars in 1985. I can still remember his crappy pitch, "Gotta say it fast so they think it is a normal term and not ask you to explain it." ROFL! Ah, the entertainment value of gurus is immense sometimes. Too bad Robert Allen went bankrupt taking his own advice...

twice.

Anyway, as I said, my curiosity has been satisfied.

Of course, I do have a bit of an advantage here...

Nah, pointless.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61
Originally posted by David Alexander:
Gosh....

(pure sarcasm ahead)

Save the sarcasm, it is pointless.

I wasn't asking you. wink, wink, nudge, nudge.

I had three contact me as a result of my post on another board, none from here, yet. Earlier today, we had a conference call with those three and I satisfied my curiosity about what I suspected from your videos.

The "sub3" term is just made up for marketing purposes, that has been confirmed. What I also confirmed was the source point for your "newly created techniques". And to be honest, that was all I was interested in knowing.

Good luck with your web training, but be careful. You claim "your" sub3 technique eliminates ALL of the risk, it doesn't.

:wink: Just say'n.

BTW, Cara says, "Hi!"

Oh, Stephen, if you are still interested in understanding what David calls his sub3 technique. Send me a PM, we can spend 10-15 minutes on the phone and clear up any questions if you already understand buying sub2.

Post: Can someone please explain sub3 financing to me?

Account ClosedPosted
  • Manhattan, NY
  • Posts 801
  • Votes 61

In all seriousness...

We have been watching some of David's videos in the office this morning. I would be VERY interested in talking PRIVATELY to someone who has taken his training. I am not looking for you to violate copyrights or anything like that. I am not interested in his materials.

If you aren't a shill, and I will know, I can make this very worth your while. You can contact me through the PM system here initially.