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So how is this going to work for fix and flip since they buy discounted properties

They seriously need to add an inflation expense option

it doesn't logically stick together in my head how I am going to negotiate the paperwork with the seller and the buyer at the same time without anyone finding out my financial manipulation and particularly the buyer calling me a scam and going to work with the seller directly.

Where is part 2 and there

What I understand is that a competent mortgage broker will assess the buyer's credit, income, and financial history early on. But if the buyer interested in this option is not expected to have good credit or financial power to buy now, how can they improve it within a year? How do you evaluate this?

If the terms is 30 years but we pay seller the balloon payment at the end of 5 years, does it mean we pay the remaining of the money owed + interest that would have accumulated for 25 years? Sorry if this is a dumb question 🥴

DOWN IN FRONT!!!!

Good video. At about the 39:24 mark, you didn't say who was responsible for the difference owed from what the insurance deductable is and what the repair/maintenance cost is. What if the ins deduct is significantly higher than $500 to lower his monthly payment, what if it's $2-$3,000 or more? Does the homeowner pay that spread, or do you cover that as just a cost of doing business sometimes? I dunno, I'm just wondering, who has a $500 house deduct these days? Mine is over $2k. Good stuff guys!

This is the first video that actually answered my questions

Solid info 👍🏿 Let’s see myself apply the info & add to my existing real estate portfolio

it really is not very good advice you’ve gave. You should never never use the word down payment because it’s not a down payment. It’s a non-refundable option fee and if you have to evict the tenant for nonpayment of the rent, they’re going to tell the judge but your honor we are buying this house. We gave a $10,000 down payment, and you seem to put that in writing, which makes it even worse. Judge will dismiss the case and advise you to go to foreclosure court and start an action which can take you one to eight years, especially if you’re mortgage state now you’ve also left some money on the table there’s actually four ways to profit the purchase price or the that you locked in would be 350,000 with the seller. Let’s say they have a $200,000 balance so they have 150,000 equity , so you make the option purchase price $150,000 plus the balance on the underlying existing mortgage held by first bank of anywhere that mortgage will have been reduced anywhere from 3000 to 10,000 depending on the year. It’s in the 30 year term. advantages not a lease but a regular lease option to sell it gets appreciation depreciation many more factors. You should never have the option inside the lease. People were teaching you to do with two paperwork. When is the lease? When is the option? The lease never mentions the option, but the option mentions the lease stating if you’re in violation, you lose the option , never use the down payment. That’s a big mistake now how we do it take title in trust the trustee sign the lease and either management company or the beneficiary signed the option agreement on a different day so now they’re going to court and say you’re buying this house to say, what does it say that your lease doesn’t have this contract, and your attorney for the trustee will say your honor that a judge will agree and dismiss the case. They have to start all over again.

My CPA says I could claim my interest even if the seller didn't issue me a 1098. It made me a little nervous. Thoughts?

Great video!

Can I write a contract like this without a real estate license ?

So if the closing date has passed, the affidavit does not cloud title?

Has anyone ever purchased a property on seller carryback and then exited or sold via lease option? 3 year option with 7-10 year balloon to payoff earlier ideal?

Great channel Chris

Do you offer a course ?

Chris when signing the contract with the seller do you leave the lease term/ rental term blank until you get that information from the tenant buyer?

This IS ABSOLUTE FIRE 🔥 😍 🔥

I got something in the mail today today asking me if I considered a short-term lease purchase on my house that is currently on the market for sale. Im still a little confused but maybe I will call him and ask. He also included the benefits are 1-No commission/costs 2-Close in 12 months or less! 3-No repairs- "AS IS" 4-Cash flow each month! 5-Top Dollar Also includes that I will receive full price and no commission! My mothers stole my inheritance that her cousin left for me in the will, and so if this will bring me more money then a agent would without anything negative its a tempting option, however I do not want to end up making a major mistake! Thanks in advance.

What happens if you have to foreclose on the property. You have to pay holding costs through the foreclosure process. You also have to pay holding costs until you can resell the property again. What happens if the market takes a down turn and now you are upside down on the house. Also how strong are the laws to help you foreclose if you only control the property and don’t actually hold the deed? I understand the laws vary from state to state so this is a generalized question, and it is possible you addressed these issues in other videos. Thanks

finally a video who shows how to analyze pre foreclosures deals. Thanks

This was really helpful. Thank you!

If the owner's commercial property is paid off (free and clear). Can I submit an offer to buy with seller finance (terms) by having them create a note on property? I seen multiple videos where you use a Single Family Home, but commercial example would be great.

What about if you have the capital to buy houses regularly, not on a lease option but want to offer lease options? I’m very enticed by this motion and have $100k+ in capital and would like to see if I could make a business out of this

Great video! Do you ever invest in or wholesale commercial real estate?

Incredibly helpful. Literally step by step. Thank you for taking time out of your day to give this to those who needed it.

Jerry Carter I need to learn this how can i learn thou you

What happens if you don't find someone who would buy it?

Best breakdown of Seller Finance 🫱🏽‍🫲🏾💪🏽

Chris, Was on the fence between REI Pro and Propstream, but truly enjoy the education via REI Pro Both platforms offers list and marketing, but this training is priceless!! What's your specific thoughts regarding this topic regarding both platforms?

❤ Please continue your old school intuitions, I am a bit old school myself. I truly appreciate the quality of your offerings. Yes l am going forward back to school, re-tooling, refreshing, Thank You, Respectfully. 😅

YES I'm interested 😁

I know I’m late but I have a deal almost identical to this and I’m having a hard time grasping how to find the LAO and MAO for the deal. The owner has 20 properties mostly with the property values ranging from 50-70k. How do I go about this? Do I just find the Arv x 70 - repairs for each home and add them up? Any reply would be appreciated

Who paid the taxes on the sale ?

Great point and thanks for always sharing! what 3rd party payment portal do you we use to receive the differential interest rate payment after deal has closed with buyer?

Are you still offering mentoring Mr. Goff?

That’s my number one priority. To help people…

This is a great video to watch and learn about Subto. I have a question I hope Chris or someone can help me. How do I get a Subto contract?

So you would file this after you put a property under-contract? Just to clarify

So Chris what's the ideal type of homeowner/seller to market to to procure profitable deals like this one?!

🧠🐐🏁🙏

Hey Chris, Dose the Pro have a section for finding out how to budget for a new construction loan for the lender?

Thank you for the video

Good video

Isn't Texas a one year Lease Option state?

🏁🙏🐐

How can this be a win-win?

This only makes sense in a "normal" market. Right now the market is cuu cuu for coco puffs.