seller financing | The Kwak Brothers

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Pay Off Your Loan Or Invest? Know What’s Better For You

Time and time again, I see people choosing to focus either a mortgage or an investment but not both at the same time. But which option is better to start with? In this article, I will show you how you can invest AND pay off your mortgage without the diminishing effects of either process. I want to show you that it’s possible to pay off your mortgage and invest simultaneously. More often than not, such a decision often depends on your financial situation. While many people believe that paying off money is best since it saves on your interest payments, others may want to invest their extra

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BREAKING! The Eviction Problem Just Got WORSE 😧

The eviction moratorium has completely expired and the US Supreme Court ruled against the CDC wanting to extend the moratorium. In addition to this, recently the Federal Unemployment Benefit also expired this week and the Biden Administration has no intention of bringing the unemployment benefit back as the economy is starting to open up.  https://www.youtube.com/watch?v=uaTUQruQjKQ In this video, I’m going to unpack what this all means and how real estate investors could potentially benefit from the eviction

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Older Posts

September 1, 2020

Buying Rental Properties – The “NO Credit” Strategy

Buying Rental Properties – The “NO Credit” Strategy! There is this illusion of buying rental properties that you need a large sum of money, your credit needs to be high, or prove to the bank that you have a decent net worth to secure a loan. All of which are true! It would require you to get a job, work for a very long time, build up your credit, and save money up for a down payment, which would take years to do. Another way is to use other people’s money (OPM) for buying rental properties, even that would require you to have assets to prove your worth! BUT thankfully, there are ways around the bank for buying rental properties and it’s been a very powerful strategy for us buying rental properties with NO CREDIT. OWNER FINANCING also known as SELLER FINANCING, it’s where the Owner of the rental property you are buying plays the role of the bank. There are several benefits of owner financing for both buyer and seller when buying rental properties. This way, you don’t have to work a job for several years and save a ridiculous amount of money! (benefits of buying rental properties)… Also if you heard of using other people’s money (opm), you would still need to work with a bank to secure a loan, the bank will still want to see your financials to prove your worthiness of the loan since you are the managing partner making it harder when buying rental properties. A huge benefit of seller financing, as you the buyer, you don’t need that great of a credit score, you have nothing to prove to a bank (again great for buying rental properties). Now you are probably wondering if a bank puts you through underwriting to mitigate the risk of lending to you, wouldn’t a property owner do the same when buying their rental property? Yes, but it doesn’t need to involve your credit! In fact, it would be more enticing for the seller to have some type of collateral if you default. For example, if you defaulted on the loan, the seller could take the property back! Now that’s one major form of collateral when buying rental properties!
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August 5, 2020

Negotiating Seller Financing: TOP SECRET Tactics to Get A “YES”

Seller Financing: TOP SECRET Negotiation Tactics for Real Estate Investing… Seller Financing/Owner Financing is one of the ways I was able to really grow my real estate portfolio exponentially, in one year! And in this video, I want to share negotiation tactics that I have used during the buying process when utilizing seller financing/owner financing strategies. When sellers hear the words; seller financing, owner financing, or any kind of creative financing, they tend to automatically have certain emotional reactions when hearing those particular words. So in order to make these types of real estate investing deals happen, you need to pitch seller financing/owner financing in an indirect way. In this video, I am going to share with you PROVEN ways to close real estate investing deals using seller financing/owner financing! The first point I want to make when negotiating for seller financing/owner financing is having the right mindset. Negotiating for seller financing is not a competition, many people I coach/mentor believe that negotiating is a competition. But we need to change our perspective when negotiating for seller financing, make it less about competition and more about collaboration. Your job as a negotiator is to create a win-win scenario for everyone. So how do we do this when negotiating for seller financing/owner financing……. 1st: Identify their problems. This means asking a series of questions that pertain to what are their pain points and motivations for selling. But these questions are not just any questions, but specific questions! 2nd: The line technique. Now with this strategy, it will help clarify IF the deal even calls for a seller financing/owner financing strategy. If the seller needs cash, GIVE THEM CASH! Not every deal can be seller financing. 3rd: Never push the seller for seller financing/owner financing. The moment a seller feels pushed is the moment you will receive resistance from the seller, which in return weakens your chances of a seller financing deal. You want to ATTRACT the seller during negotiations. Give them the illusion that they are in control of the negotiation. At the end of the day, sellers DO NOT want to be sold, they want to buy and in this scenario, although you are the buyer, you need to sell the property owner the idea of seller financing by making it a win for them, while making it a win for yourself. It’s the ULTIMATE real estate investing chess match.
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June 16, 2020

Subject To Real Estate: How to Buy Real Estate WITHOUT Credit (Breakdown)

Subject To Real Estate Deals! This our go-to NO CREDIT Real Estate Investing Strategy! This is probably one of our favorite creative acquisition strategies to use to help distressed homeowners and landlords. Subject To Real Estate is a shortened down name for the full name: Subject to the Existing Mortgage. I sit down with Randy Pertler, a 30 year Real Estate Investor and good friend of The Kwak Brothers and discuss how Subject To Real Estate has been a tool in his investing career. Randy goes into some stories of his experiences in the past where Subject-To Strategy helped him out but more importantly, helped out those property owners who were facing a difficult situation during an economic downturn. Randy does a great job breaking down the Subject-To Strategy and gives new Real Estate Investors a solution to when you receive the age old question, “Have you done this before?”. “Have you done this before?” and “Can I speak with a previous property owner?” are HUGE obstacles in real estate investing for beginners. Randy shares some tips to overcome the objections: Ask the property owner for the actual mortgage document. Within that document is a clause called the “Acceleration Clause” or “Due On Sale Clause”. Typically, it says this, “If there is a change in 25% of the ownership of a property. At the lender’s discretion “may” call the mortgage/ loan due completely😮. Then you have 30 days to come up with the money. BUT! Do you think the Bank would really do that? No, the Bank is in the business of mortgages. Especially during economic hard times, the LAST thing the bank wants is a foreclosure on their books, they would rather keep the cashflow coming! Enter……..The Subject-To Strategy! TAKE NOTE! Creative financing, subject to real estate, seller financing, etc……..IS NOT COMMON KNOWLEDGE for some people who have been working in the mainstream real estate industry. So you may need to do some educating for the people involved in the subject to real estate structured deal. Another thing that Randy is an expert in is putting the sellers at-ease when using the Subject To Real Estatestrategy with his willingness to go the extra yard to explain the details when sellers look at the Subject To Real Estate strategy. Randy has even created documents protecting the sellers when they look at securing another mortgage if they so choose when they move from the current property. For a SPECIAL OFFER on the documents needed to acquire properties “Subject To” with NO MONEY DOWN AND NO CREDIT, just subscribe to Randy Pertler’s Channel and email him at [email protected] to request your documents for just $20. Randy’S Channel: https://www.youtube.com/channel/UCjkd8KQzUzcPGH-Eh6T2ESw
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June 9, 2020

Buying Real Estate Without Money or Credit…

One of this things that I found that I am really good at in Real Estate Investing is raising capital, without using my own money or credit. In this video, we are going to talk about the two strategies that I use when buying real estate with out money or credit. The first strategy I am going to talk about is called Subject-To Acquisition, Subject-To Existing Finance, or just Subject-To. The second strategy that I will be speaking about is called Owner Financing or Seller Financing. This is a staple in The Kwak Brothers’ real estate investing strategy. Subject-To Acquisition, Subject-To Existing Financing or Subject-To is one of the tools we’ve used to build our real estate portfolio. It has several benefits when buying real estate without money or credit, for both the seller and buyer. It provides the buyer a chance to acquire a property without borrowing from a bank or even borrowing from an investor because you take ownership of the property without carrying the debt. This strategy is beneficial to the buyer because you can have bad credit and no money but still have a chance of acquiring the property. On the other side, this strategy is beneficial to the seller because if the seller is in a pinch and needs a quick exit from their existing property, you don’t have to go to the trouble of finding a reliable real estate agent. Secondly, since you don’t need a real estate agent to help you sell your property, you avoid extra costs. This strategy also works for multifamily type buildings. Let’s say a landlord is tired of dealing with tenants, running into financial hardships (circa 2008), or the property is vacant and is not cash flowing the way the owner expected. Owner Financing/Seller Financing is another financial tool that we have used in buying real estate without money or credit. This strategy is VERY flexible as far as the terms for acquiring rental properties. And again, similar to seller financing, you can avoid the bank and all of their stringent requirements to secure a loan. Owner/Seller financing is again mutually beneficial for both seller and buyer. It’s beneficial for the seller because, again, no requirement to hire a real estate agent to sell the property, so you can avoid those fees. And a great kicker is also, negating certain tax liabilities once the property is fully depreciated.
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