Buying Apartment Buildings with No Money Down. 12 Properties in 12 Months using Other People's Money

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Buying Apartment Buildings with No Money Down. 12 Properties in 12 Months using Other People's Money

Рет қаралды 24,215

Күн бұрын

Have you ever wanted to learn how to buy an apartment building but don't necessarily have the money to do so? Mel and Dave Dupuis walk through the strategies they use to buy real estate with no money down.
Canadian real estate investor Darren Voros sits down with Mel and Dave to discuss a recent 6 unit building they purchased with seller financing or a vendor take back as it's often called.
Mel and Dave discuss how they were able to acquire the property, the initial approach with the seller, the structure of the deal, the terms, the rates and so much more.
DISCLAIMER:
WITH ANY AND ALL INVESTING YOU SHOULD ALWAYS OBTAIN INDEPENDENT LEGAL, TAXATION AND FINANCIAL ADVICE BEFORE INVESTING ANY OF YOUR OWN MONEY.
To reach Mel & Dave:
Investor Mel & Dave / Dupuis Properties
www.InvestorMelDave.com
www.DupuisProperties.com
249-506-2272
FOLLOW US ON SOCIAL MEDIA!
Instagram: investormeldave
Facebook: InvestorMelDave
Facebook: DupuisPropertiesWelcomeHome
KZfaq: / investormeldavedupuis
LinkedIn: www.linkedin.com/in/investormeldave
____________________
My favourite real estate investing software
Legal - www.lawdepot.c...
Project Management - mondaycom.grsm...
Property Analysis - dealcheck.io?fp_ref=darren84
Real estate investing COACHING with Darren:
www.darrenvoro...
Book a call with Darren:
calendly.com/d...
Join our Meet Up:
www.facebook.c...
Have a question? Best to comment on KZfaq or DM on Instagram or Facebook.
Instagram: / darren.voros
Facebook: / reibydarrenvoros
Website: darrenvoros.com/
►SUBSCRIBE: / darrenvoros
____________________
Darren Voros
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his KZfaq channel in 2020 in order to have a wider reach in educating investors.

Пікірлер: 43

@BryanMcCann-ks9jh 9 ай бұрын

Getting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.

@Calvertmarian 9 ай бұрын

Indeed, currently I'm managing my finances wisely and being frugal. In the last 19 months, my investments grew by 43%, adding over $650K in profits. However, I've had losses in the past month, making me anxious. I'm unsure whether to sell everything or wait.

@Calvertmarian 9 ай бұрын

I'm intrigued by the idea of investing with an analyst, it seems like a wise choice in today's market. Could you provide me with some guidance on how to get in touch with her?

@Calvertmarian 9 ай бұрын

After reading your insights, I researched her full name and found her online webpage. Thanks for your help.

@InvestorMelDaveDupuis 3 жыл бұрын

Thank you so much for having us on your show Darren!! 😃

@DarrenVoros 3 жыл бұрын

Any time!

@MoementumFinance 3 жыл бұрын

Thanks guys! Great episode.

@MoementumFinance 3 жыл бұрын

Great interview and advice! Don't listen to naysayers! Thanks for sharing your wisdom with us Mel and Dave. And Thanks Darren for another great episode. 😊

@DarrenVoros 3 жыл бұрын

Glad you enjoyed it. Mel and Dave are two of the best in the industry.

@natureovermind7649 2 жыл бұрын

Very informative!! Great information!

@HardwoodFloorRefinishing101 Жыл бұрын

Spectacular video Darren!

@DarrenVoros Жыл бұрын

Thank you!

@kmandrews_ 2 жыл бұрын

THE CORRECT NAME IS = ASSET BASED LENDING . See about that in : Marco Kozlowski Channel

@wstafco 2 жыл бұрын

This is interesting. However, the private seller that held the second mortgage is at greater risk if the first mortgage falls through and the bank forecloses on the property. The private lender could lose their investment or most of it at this point, no? How is that mitigated during negotiations? Also, what did the bank think about this arrangement?

@MK-gk9ri 3 жыл бұрын

Another great video. Thanks for information and knowledge! Thanks Mel, Dave and Darren!

@DarrenVoros 2 жыл бұрын

Glad you enjoyed it

@YayaLovesSweets 3 жыл бұрын

Love it!

@DarrenVoros 3 жыл бұрын

Thanks Lisa!

@avelinalindawan6218 2 жыл бұрын

Very informative

@AlbertDelacruzrealtygroup Ай бұрын

If seller can seller finance 50%, will banks finance the rest? I was told that banks will not consider sellers money as down payment…

@jakehart60 Жыл бұрын

So private lenders and finding a seller who is looking to retire and open to the idea of seller financing

@johnwinner8511 8 ай бұрын

Is this really risky investments until your create enough assets or savings , or down payments to finanace mutli unit dwellings ?

@DrMcDickemsWorth Жыл бұрын

How do I start this for myself, how do you find the apartment and investors. The information to present to the investors

@DarrenVoros Жыл бұрын

You may want to consider some additional education. My builder course goes into great detail about how to accomplish this. www.darrenvoros.com/academy-courses/builder-academy

@erikamorris32 Жыл бұрын

What did the bank say about this arrangement? Were they okay with the private seller carrying the second note?

@DarrenVoros Жыл бұрын

I believe this is sometimes disclosed to the bank and sometimes it's not. Depends on the scenario.

@cameronhryciw2426 3 жыл бұрын

Hi Darren, does Mel and Dave’s comment about the tax advantages of the seller take back financing only apply if the seller owns more than one property? Asking because if this property was the seller’s primary residence, I believe the transaction would be tax exempt. Also, great channel. Great guests and very informative content. Thanks for sharing!

@DarrenVoros 3 жыл бұрын

Great question. I think in most scenarios we would assume that a rental wouldn't be a primary residence but if it was, yes it would be tax exempt... for now :)

@Roc900 Жыл бұрын

How much was the rent on the 6 unit???

@mike2959 10 ай бұрын

Can someone dummy the seller financing way down for me. Seller is asking 700K Bank wants 25% down. That’s 175K. The property is paid for. So how do I get the seller to do the 25% mortgage? I’m confused.

@DarrenVoros 10 ай бұрын

They register a 2nd mortgage behind the bank for $175k or they give you a promissory note for the $175K. The banks don't like anyone in second position so this is not as easy as it seems.

@johnwinner8511 8 ай бұрын

Do they use a software that helps bank mortgagers unserstand the investment time frame?

@johnwinner8511 8 ай бұрын

Real estate courses ? Legally course for finance deals? Any recommendations.? What type of returns are you paying investors 15%?

@DadTuber 2 жыл бұрын

Very informative Do we know how much interest we pay for as second mortgage to investors and if there’s any lending fees on top?

@DarrenVoros 2 жыл бұрын

Depends on the lender but I've seen 0 interest in some cases. Usually something comparable to a mortgage rate is the norm though. Not very often are there additional lending fees on top of that.

@DadTuber 2 жыл бұрын

@@DarrenVoros thanks for the reply! What’s the advantage for lenders to borrow us money at 0 interest? Shouldn’t there be an incentive for them to lend us the money to invest? I’m referring lenders as family, friends, close business partners… thanks for your expertise.

@stevenanderson3386 5 ай бұрын

Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total Have a decent 18unit I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.

@Supermandiddy1212 Ай бұрын

I’m in the same boat as you. I’m looking to get 75% on a commercial loan from the bank and 25% from the seller in the form of seller financing. I’m trying to find a lender that will take this risk. The property will cash flow very comfortably after debt service and operating costs.

@ChasetotheFinish Жыл бұрын

What do they mean by holding the second mortgage? So they got 75% from their credit union - where did the other 25% come from? Did the seller finance that for them? I’m confused a little….