Work with me personally to build your million dollar portfolio.
ZeroDownInvesting.com
Opt-in to my free email newsletter and get my cutting edge strategies and tips sent to your inbox.
joecrumpblog.com/blog
Learn the ins and outs of investing in real estate with no money down and no credit check.
I add new videos regularly. Subscribe to my channel above.
Check out my blog: JoeCrumpBlog.com
Пікірлер
What is the best website to search a tax lien of a property?
Look for your local county recorder website. It's usually under a .gov domain. But if you search "{cityname} county property records and liens" you can usually find a website that will give you what you need for no charge.
How does this lease option strategy compare to doing a wraparound? Or is a wrap around even legal to do?
They are both forms of seller financing. Both are legal. A wraparound can be done multiple ways so I don't use that term very often - I find it confuses people. Instead, I break down the hierarchy of zero down structures as: "Subject To" "Multi-Mortgage" "Land Contract/Contract for Deed" "Assignable Cash Offers (Wholesaling)" and "Lease Options"
😭
lol - no need for tears - just some knowledge to fix the problem and a willingness to do the work.
I have just subscribed.
Would you be able to provide verbiage on the line item contract or direction? I've had a contracter disappear for a number of weeks leave volnabral. Im not educated, nor do I have a budget for a lawsuit if needed. Many thanks, and God bless. Dan
We have these contracts in my coursework, but you can usually just put in clear english that if they stop doing the work for a certain amount of time, you only pay them for the line items they have completed so that you can hire another contractor to complete the work they failed to do.
It sounds good I may have missed it but how do you determine if and how much to put money into the rehab of an acquired property.? Is there a process for formula that you use to determine whether or not you want to do it or if it's worth it?
Every deal is different. You need to back into the number - what is the ARV, how much did you get it for, how much does your financing cost, how much are your sales and holding costs - put in some extra for surprises - there are always surprises. Then look at the profit that is left and decide if you are willing to take all the risks for that amount of money. The more you get the seller to finance, the less risk you have.
the most difficult part is keeping the property listed on craigslist ,, my opinion
$1.00 Profit? That math ain't mathing?
This house has more than doubled in value since then. The rents have continued to go up every year by about 5% (increasing the cash flow), the IRS gave a depreciation deduction every year against other income, the mortgage was paid down substantially during that time. So, a lot more than a $1 profit. Flipping properties can make you a lot of money, but holding properties, THAT is what makes you rich.
Yes I paid my house off 5 years ago and I've been renting it off the school district ever since.
lol - Unfortunately, the two certainties of life - death and taxes. We strive in vain to delay the first one and reduce the second.
Dude, thanks for this video. I took a course and all the lady said was "check that the property has no liens" with no context so I really appreciate this video. Thank u so much!
Thank you Joe! I'm glad I found your video because I did inquire similar products to another company and he turned down RE leads call. He said it wasn't considered B2B 😅
Perfect advice and 100% true.
Thank you for the info and another great video, Joe 🏠
Hey Joe . I'm always hoping the best for you! I haven't got back to your last email. It was nice to hear you and your daughter enjoyed the video project together. 🙂
Thank you! Katie and I had a lot of fun on the last music video we made.
Home Owners Associations (HMO )are just another Zion Ponzi Scheme ... like (((THEIR))) Property Taxes.
I remember Azam talking about this method 15 years ago! Holy cow!
Time flies, doesn't it! We've been using these techniques to build million dollar portfolios for our students for decades. We've had some pretty amazing success stories over the years. Check them out here: jr4.co/doneforyou
came here because i want to find properties at a tax sale
Hi Joe, how long is a lien shown on the deed starting when it is recorded? For example, I do a title search today and it is clear, however, there is a lien it started to be filed last week.
It depends on the County Recorder's office and how long it takes them to get it recorded and in the public record. But if you go to the county office, they can tell you if anything is pending on that property.
Hello! This is my dream
Can I get on your mailing list Clemon Garner,3401 Main St. MOSS POINT MISSISSIPPI,39563
its crazy to find out about you , i know pace morby is big on subject to but didn’t realize he learned from vets like you that been doing it way before him
Yes, we've been doing similar things since the 80s - but I learned it from some old guys in Los Angeles who came before me. We all stand on the shoulders of those who come before us. Now I'm one of those old guys - lol - but still doing deals everyday and still having fun with it.
✌️✌️❤️❤️🙏🙏
Soooo true on the first few years being manly interest... banks make soooo much dough from that!
Hi Joe, this is great content! I want to get into RE investing. I hear u referencing to your program. Is this with u specifically & not someone on ur team? I love to get some info from u
Hi Sam, Yes, I do my own mentoring. I don't hire coaches to do it for me. You can find out more about my mentor program (details and price) at: www.ZeroDownInvesting.com
My favorite guru! I had been watching you for 8 yrs, then stopped. Im glad i found you here again Joe ❤🎉
Welcome back!
So now use banks? You’ve always said don’t use banks. Are your old strategies no longer working?
That's a fair question. I've not said nice things about banks in the past. But my focus in those videos has been on 'active' investors. I still feel that way about active investing. I see far too many people invest without knowing what they are doing and taking out bank loans when you are doing that can be a mistake. But 'passive' investing is different. The process I'm talking about in this video is passive investing with skilled assistance and doesn't require you to know very much about real estate to succeed. My zero down techniques have been evergreen for active investors - and we still use them every day. I hope that answers your question.
Im under contract on a house, and the title company , reviews and find out the mortgage lien what dit you think?
A mortgage lien will be paid off at transfer usually by the money you pay to the buyer to purchase the property. The title company will confirm that you have clear title and give you title insurance when you close. I've bought property before that had a mortgage higher than my purchase price - when that happens, the seller comes to closing with the balance and pays off the lien.
thank you
Thank you for the information
I just discovered your channel and I've been watching your videos. So far, I understand that 100k is needed to work with you but is there a way to get a private investor to work with me asap with less liquity for two auction properties.
If you have a good deal, investors are a dime a dozen. They are all looking for great deals. So learn how to structure your deals and get control of the property - that way you can assign or sell it to a well funded investor. I have a ton of videos on my channel that teach you how to do all this stuff. Also, my training doesn't require $100k if you are an ACTIVE investor rather than a PASSIVE investor, check out my mentor program at: www.ZeroDownInvesting.com
Great information.
Thank you for the information.
16 years now , respect 🫡
Still at it! A good deal older but a lot more experience. Life is good - and this business has been a lot of fun. I hope it never ends.
I hope everything goes well for you ! And thanks for your videos you are a true hustler , sending Love and respect from Algeria😇@@joseph4176
How do you find IRS liens?
It will show up the same way - at the county recorder. You can access it online in most areas - or through a title company - or by physically going to the county recorder's office.
Hey Joe! I hope you are doing amazing i’m a subto student in Pade Morbys mentorship, I’m a licensed realtor here in a california but i’m currently working on the creative finance and investment side. I wanted to schedule a call with you but the link didn’t work is there a way to connect with you ?
Hi Nathaniel, you can call me at 317-598-1220. Thanks! - Joe
Does the for rent method still work in 2024?
Yes, we use it everyday.
Is there a way to buy your proprietary Lease Option agreement and/or rental agreement?
Yes, it's included with the automarketer system here: PushButtonAutomarketer.com
So GLAD you are still around Joe! I've learned SO much from you years ago!
Thanks Neal! I'm still kicking - a few years older - maybe a little wiser. But I'm having fun making millionaires - as always.
You look legit sir, good luck to you and your students
I'm new to this, any advice would help. Thanks for taking the time to make this video.
You have a new subscriber ❤
When is your next buying event?
Hi Ryan - it's Feb 17, 18, 2024. Let me know if you can make it. I hope you are doing well! - Joe
@@joseph4176 i plan to come.
Indeed…have reserves put aside or else you’ll get hit much, much harder and put yourself in debt. Great vid, great nuggets!
Thanks Chris - I learned this little nugget from painful experience many years ago - lol
So as the investor I am paying full retail and getting bank finance with 20% down? It seems your 250/ month fee still has to come out of the 350/month "cash flow" leaving only $100/month?
Yes, that is correct. If you decide to pay it over time, it takes away from your buy down on the note for 2 years. But, most of our investors pay for it up front as part of their closing cost. Now I can see from your tone that you might be skeptical of this deal structure and investment plan and I understand. But that is because you are coming at it from the mindset of an active real estate investor. Most of our investors are high income earners who don't have the time or inclination to learn all the things you need to know to create and run a real estate portfolio. If you have your own portfolio, let me ask you - do you think your doctor would want to build and run it for you? But on the other hand, if you built it for him, would he make a fortune? I think he might - even if you charged half the profits - which we don't, by the way. I hope that makes sense.
Makes sense! You are offering hands-off- "turn-Key" Like we do in some of our MF. You are just using SF as your vehicle. Great Program for avatar as you describe in the video. Much better overall returns than they will get in the stock market.... Secured by Real Estate@@joseph4176
Hey Joe loving the content. Question: why would a seller be willing to rent their home for monthly payments instead? They wanted a lump sum amount but now they are turnin over the deed to their home AND keeping the loan in their name AND the home is still not paid off. Why would they make this trade in exchange for selling their home for a lump sum amount w an agent? Thx
I think you are talking about two different deal structures - 'Subject To' and 'The For Rent Method' - each of them are a little different and the reasons they make sense for people will be different as well. Each of those methods are designed to solve a different problem for the seller. Usually, 'Sub To' is there to get people out of a property they haven't been able to sell otherwise. "The For Rent Method' is a way to help the seller make a lot more money than if they sold with a realtor. I hope that helps.
SCAMMER
Just brilliant !
Joe! just found you and i LOVE your content. would love to book an appointment with you soon as i trust your content, strategy, and results. Youve gained my confidence and look to chat with you soon
Thanks Don. I'm looking forward to the conversation.
How taxes works when a lease option is executed?
When you sell a house and profit, you must pay capital gains on the profit. You can offset or defer this in a couple ways, 1.) Do a 1031 exchange. OR 2.) Buy the property with your self directed IRA. Most lease option buyers will not exercise their option but they will take better care of your property while they are in it because they see it as their property.
Done for you Legacy portfolio of 4-6 free and clear houses in 9 years! Wow!