Video Notes

  • In your Negotiations Series, Chapter 9: Head/Heart/Gut, you imply that future chapters will give us “Tools” for specific situations. BUT, Chapter 9 is the last chapter. Will there be more Negotiation Series videos covering “Tools” or did I misunderstand the video?
  • Do you ever wrap to anyone with less than U.S. citizenship or Perm Res Alien status? The reasons NOT to seem obvious to me as a mortgage lender, but I wondered about the OF world.
  • I was working with the heirs of a house whose parents had died. Another family had moved into the house. The family forged a Warranty Deed and filed it with the County. This is the only forgery I’ve come across so far. What about you? Do you mind telling us the kinds of forgery/illegal situations you have come across and how we can identify issues when we see it?
  • When you buy sub to pre-foreclosure, do you give sellers time to lease back? I’ve heard many investors against it, but I’ve done it & fortunately have not had any problems. But I heard bad things.
  • There is a landlord that has been having issues with one of his rentals, high turnover, etc. He may be interested in selling Owner Financed. Any tips on dealing with tired buy and hold Investors?
  • Can you do a sub2 on any type of loan and can you wrap any type of loan?
  • We watched your lesson on principal over interest, and we believe we understand it. I.e., adjust the interest down, instead of the principal, to get the payment equivalent to comped rents. However, we believe we have also heard you (and Ms. Gerst of Capricorn) speak about the importance of higher interest rates when it comes to selling a note. (That end of it, we understand less.) ​Is there ever a situation where you just wouldn’t do a deal because you couldn’t meet both goals?
  • How are you approaching adjustable rate mortgages when buying subject to?
  • Is a Note and Deed of Trust better then say a contract for deed? When it comes to default (foreclosure process) and selling the note?
  • Why don’t you create a third lien with no payments requirements so I don’t give away equity over the UL and keep the interest high?
  • Watching from cell phone tonight, at baseball practice, and couldn’t comment live. I grabbed a fix and flip deal at 97 putting 50 in it and arv suddenly dropped from 180’s to 165. Considering the house will be in great shape when I’m done as far as the major items, nice finishes and my gross margin could go to 0 (if I List and sell traditionally at current 165 comp including all buy/sell costs), what other alternatives exit strategies would you consider?
  • How does it work when the mortgage company goes bankrupt?
  • Any experience with a seller where heir is a minor and needs to have a gurdian assigned? Property is in foreclosure and seems like If I reinstate having the heir stuff may take forever?