How To Buy Your First Rental Property Even If You're Broke

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Күн бұрын

Want to know how to buy your first rental property even if you're broke right now? In this video, I'm going to share a 5 STEP process on how to buy your first rental property with very little money, and no credit needed. If you just follow the steps that I share, you'll be on your way to consistent passive income in no time. Check it out!
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Timeline:
0:00 How to Buy Your First Rental Property
0:08 Introduction
3:10 Owner Financing Real Estate
5:12 Step One: Finding the Deals and Contacting Sellers
17:16 Step Two: Prescreening Sellers (What to Say?)
19:50 Step Three: Making Offers and Contracting Deals
25:27 Step Four: Finding Your Tenant Buyer
29:00 Step Five: Close the Deal and Get Paid
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Who is Jamel Gibbs?
Jamel Gibbs is a successful real estate investor and educator.
He is the owner of Mill Street Properties LLC, a successful real estate investing firm. He is also the owner of the REI Education Academy LLC, which is a successful real estate investment education firm and publishing company that teaches their clients how to build successful real estate investing businesses.
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#howtobuyyourfirstrentalproperty #realestateinvesting #jamelgibbs

Пікірлер: 3 600

@jamelgibbs 3 жыл бұрын

↓ Click the link below to become a subscriber ↓ kzfaq.info Also, share and leave a comment below.

@neslymerat Жыл бұрын

Thanks brother this is mind blowing 🤯 that your given this away for free, I paid for courses that didn't even come close to what you just teach me

@resianemaculate. Жыл бұрын

@Jamel Gibbs, can I please work with you?

@soldbuydaniel Жыл бұрын

I want to chat with you bro.

@fountainmedia4683 Жыл бұрын

#JamelGibbs you ROCK bro! 👍🏽

@andrewmorales5485 Жыл бұрын

People always believe you need hundreds of thousands of rentals to make real money 🤑💰 I think you only need 80 maybe 120 rentals make a very good profit of of $46k or $69k a month but if it is Plex properties like three plex rental properties or four plex rental properties you could make $138k a month or $184k a month that is what some one who being dealing with Plex properties once said so if I go to realestate rental properties Plex properties are the way to go

@aintcookin Жыл бұрын

I work in real estate as a lender. I have listened to a lot of videos and NEVER wanted to finish because it was filled with half truths. This dude is really speaking truth. He is telling what others do not want others to know. He is sharing info that takes years to learn and lots of trial and error if there is no mentor. Keep up the good work sir!

@CPR4THEBODYlivingaenrichedlife Жыл бұрын

Thank u for confirming this I had this saved to watch and went straight to the comments.

@jackiechun_4205 Жыл бұрын

I was looking at a property that is being sold by owner and owners says that he likes the community and how it's a gated community for seniors and the community requires application for residency. Does that mean a senior must buy/rent the property?

@joelgodlove6449 Жыл бұрын

Word up!!!

@indigomelendez5903 Жыл бұрын

Thank you for your input, very meaningful.. loving what I'm learning

@rasheenanicole2784 Жыл бұрын

Please someone answer this. I've been wondering the same thing. Do you have to be 55+ to purchase a rental property(under an LLC) within a senior community if you are not a senior?

@Twaice 3 жыл бұрын

Brother I almost cried because I’m so thankful for the knowledge you have shared in this video. For 1. You DIDN’T have to and 2. You will potentially change lives for the better. This is much appreciated!

@jamelgibbs 3 жыл бұрын

I appreciate that

@sammysau4541 2 жыл бұрын

@@jamelgibbs I've been binge watching your videos all day I just came across your video I want to learn and start doing real estate thank you for your knowledge

@gogurletc8170 2 жыл бұрын

I felt that!!!!

@gogurletc8170 2 жыл бұрын

@@sammysau4541 Go for it! Keep us posted 💞💕💓🙏🏿

@Product_snob 2 жыл бұрын

IM ON MY WAY

@brianm7402 9 ай бұрын

My wife and I are rental property owners. This is an approach I haven't thought of before. Thank you for sharing this information. For anyone looking to get your first rental property but don't think the bank will help, this is absolute gold. Don't let fear hold you back. Apply this information given here and your life will change. Guaranteed.

@jamelgibbs 9 ай бұрын

🙏🏾

@dewainwilliams9388 7 ай бұрын

Hi my name is Dewain and I’m limited on money so this video seems informative do you have any advice for a beginner?

@kaybabii385 6 ай бұрын

Motivation and growth ✨️ thank you

@williambey799 4 ай бұрын

@@jamelgibbs hey brother I have 8 k can you help me , I’m about to loose everything

@jax-flseminoles7980 3 ай бұрын

Thank u for YOUR info.

@JayyWoodMusix Жыл бұрын

You might be the only person on KZfaq that break it down like this , I appreciate you

@eliyaneli8741 Жыл бұрын

I’m a single mother living paycheck to paycheck and I needed this

@jamelgibbs Жыл бұрын

💪🏾💪🏾

@beatrixbrennan1545 3 ай бұрын

You're one of if not the only person claiming to teach the viewer something and actually explaining it in a detailed and concise manner. You truly have useful and applicable info. Thank you a thousand times!

@justvibing2497 21 күн бұрын

Did you do it though? Cuz it's more than what his saying to do

@infowazz Жыл бұрын

I think the hardest part is getting started and getting your first property. Then after that you do it again and again.

@jamelgibbs 11 ай бұрын

Yup

@perfectlyimperfect1980 Жыл бұрын

I am literally broke, struggling, and taking care children on my own feeling like I have no way out. I just wanna thank you for this information. This is the start of something amazing for me and my children.

@RubenA. Жыл бұрын

How are you doing?

@4XGOTSTICKS Жыл бұрын

Your journey has started. Keep us updated and best of luck to you. You can do it!

@T-WOO Жыл бұрын

Feel u! That's been me for the past two decades! Kno EXACTLY where u are & where you're coming from. Wish both of us + everyone else on that road the best! Too many like us! U are NOT alone! Stay strong, stay hopeful..

@perfectlyimperfect1980 Жыл бұрын

@@RubenA. I’m good, trying to stay strong…taking one day at a time. Thank you for asking. I hope you and your family are happy and well

@perfectlyimperfect1980 Жыл бұрын

@@4XGOTSTICKS Thank you so much. I felt like I could do it but when I tried I didn’t know where to start. Living in NY, things are different…laws are different. I don’t know how to begin

@jalabi99 3 жыл бұрын

25:01 I usually say "paperwork" instead of "contract" so "OK Mr. Seller I'm going to send the paperwork for you to go over and approve and send back to me"

@lascrucesnm4117 Жыл бұрын

I am married to a very shrewd man! I am tired of him complaining because he is the breadwinner and earns more . I hope I can accomplish this by learning from you! Thank you, YD.

@teenuhadams 2 ай бұрын

I pray that you are able to take these steps

@onway78 7 ай бұрын

I'm not going to lie I listen to a lot of other people but listen to this guy I understood every words for words as if I came up with it..

@rebe41 Жыл бұрын

Most ppl selling does not want to do that. Most want the equity up front

@shaqsmith6562 Жыл бұрын

good teaching ....the only issue is if the buyer stops making payments ,then you either have to find another buyer or make the payments yourself ... I'd also suggest using a title company to do the deal just to cover your butt in case the seller does not actually own the property

@nataliegilbert7412 Жыл бұрын

Will the title loan company, also protect you, if there are also previous liens on the property?

@batisteladonna2375 Жыл бұрын

You dropped the sauce. I know this works because no money down owner finance has been around forever. I love how you drop the gems step by step no fluff, no sales pitch. May the universe continue to bless you and your family.

@lionlove35 10 ай бұрын

I really hope when you wake up every morning....you know you are an angel...I am going thru a divorce with a petty husband and now my happiness just hit the roof with this information....I am on my way to pure wealth...I know me😊, thank you so much for sharing ❣️

@cashiodrive1 11 ай бұрын

Inherent risks using this strategy: Seller Defaults: If the seller defaults on their original mortgage (assuming the property isn't owned outright), the lender could foreclose on the property. You and your tenant-buyer could lose all rights to the property, regardless of any payments made. Jamel was clear on finding a seller without an existing mortgage. Tenant-buyer Defaults: If your tenant-buyer fails to make their payments, you're still responsible for the payments to the original seller. This could lead to financial distress, especially if it takes a long time to find a new tenant-buyer. Difficulty in Finding Tenant-Buyers: While the idea of a rent-to-own agreement is appealing to many, it might be challenging to find the right tenant-buyer-one with sufficient upfront money and a high likelihood of being able to secure a mortgage at the end of the rental period. Maintenance and Repair Costs: Even though you sell the property "as is", if significant issues arise, you could still be legally responsible for some repairs, especially if they affect habitability. Be sure to fully understand your obligations as the legal property owner. Legal and Regulatory Risks: Real estate transactions can be complex, and they often involve significant legal and regulatory oversight. Failure to correctly navigate these can lead to serious legal and financial consequences. Market Risks: Real estate markets can fluctuate based on a variety of factors including economic conditions, interest rates, and local market trends. If the value of the property significantly decreases, the tenant-buyer might decide not to execute their purchase option, leaving you with a property worth less than when you acquired it. Interest Rate Risk: If your agreement with the original seller is not a fixed-rate deal, and it's tied to a variable interest rate, you may end up paying more than expected if interest rates rise significantly during your agreement period.

@jamelgibbs 11 ай бұрын

Great input. Thanks for adding value. There are risks in everything business related and I'm glad you've taken the time to share some of them.

@AskGriff1 Жыл бұрын

Dude knows his craft. I must say that you have to get out there and grind though. Because not every seller is going to do a 5-10yr deal like that. Great strategy for sellers that are stuck. It’s a bit tough in a sellers market. Lots of phone calls and stay persistent 👍🏾.

@1Mishieboo 3 жыл бұрын

Saw this video by accident. I was watching Noelle Randall's video and you came on. I must say, although she has great content, your ability to walk step by step with visual content was so impressive and appreciated. Some of these channels want hundreds of dollars for the information you gave. What a blessing to have bumped into this presentation. Thanks a million 🙏🏽

@jamelgibbs 3 жыл бұрын

🙏🏾🙏🏾🙏🏾

@timsmith1033 2 жыл бұрын

Noelle is also how I discovered jamel. His content is 🔥🔥🔥 Noelle and jamel have given me the belief that I can create a better way for my family

@iamthatiam9936 Жыл бұрын

nothing is by accident

@iamthatiam9936 Жыл бұрын

stop bashing creators for charging for knowledge to help you make thousands of dollars...don't you make money smh

@diamondgodisis5367 Жыл бұрын

@@iamthatiam9936 well I think the issue with that is, for beginners, you're not able to make an informed decision if the info being provided isn't clear to the person taking it in. So if they are going to put out info with the premise of gaining clientele....the info they offer for free should be clear and concise so people know what they're getting. I don't think anybody expects the knowledge and know how for free....they just want to understand what's being offered and how they'll benefit from it prior to making the investment.

@blackstarblues9055 10 ай бұрын

You make it sound so easy. I find it hard to believe that sellers are really willing to accept this kind of deal.

@CosmicStar480 10 ай бұрын

Yeah, sounds confusing to me. Couldn't the owner just decide to Rent to Own without the middleman??

@elijahmendoza7967 10 ай бұрын

Sellers might opt for owner financing to expedite the closing process and collect interest rather than taking a lump sum payment

@airyowo 9 ай бұрын

It doesn’t make much sense to me either. Seems to me that if a home owner wants monthly payments + interest, they would just find someone to rent-to-own the house. They don’t need a middle man

@8.0.70 9 ай бұрын

Right. This video is low key click bait. Probably made more money from this video than any of the offers in this video.

@b-radfrommalibu 9 ай бұрын

Exactly if the owner wanted to do something like that I'm sure they would have already done that without the middle man. I am pretty sure that when someone sells a property they want the money for it right then and there. I definitely would. That way I could purchase another property outright without financing.

@deborahmartinez2147 5 ай бұрын

Hi Jamel. I know you're probably tired of hearing this but thank you for this practical simple and easy to understand video which makes it for people like myself less shy and more confident in giving real estate another shot. I appreciate the real world examples you apply to what you're talking about which often many "gurus" don't do and leaving us in the dark so to speak with the concepts. So thank you😊

@jalabi99 3 жыл бұрын

18:25 I usually ask "you own it free and clear, right?" and if they say "no" then I ask "do you have any idea how much is left on the mortgage? I just need a ballpark figure, not down to the last penny or anything" I give a chuckle at that last part so they don't get defensive.

@haccoon5458 Жыл бұрын

So you’re a middle from the seller and the buyer? Except they don’t know that? Sounds deceptive. How is it not? What happens if you don’t find a buyer to commit to your terms? You just extend the closing date for the original seller until you do? Back out of the deal if you can’t? I just have so many more questions

@pip3dupciso717 3 ай бұрын

What i was thinking... better make more than 50k profit for all that work

@patrickdolan. 9 ай бұрын

Most states have a clause in the contract for deed that states you can't rent it out. Also most contracts state you must up keep the property and make the repairs or the contract can be canceled. I lost a contract for deed I had 2 years left on after 7 years because the roof needed shingles and I couldn't afford it. I lost 70k I had paid off on it. She sold it 6 months later for 100k and got to keep all money I had paid. Plus most mortgage companies won't allow owner to contract for deed it out

@jamelgibbs 9 ай бұрын

Appreciate the comment. This isn’t a contract for deed. It’s straight seller financing. There aren’t any restrictions with renting houses once you own it. Never heard of that before. Also, with seller financing the mortgage companies aren’t involved. These are free and clear properties.

@ProportunityOpportunityProfit 4 ай бұрын

Love it, bro. I'm 20 years in the game and I get quite a few calls where I have to slow people down (respectfully) and educate them. They love the way I do it but I don't have time to help them all so I decided to leverage my experience through my channel. Your channel is a good model bro. Keep grinding.

@NoLyinEvry1sDyin Жыл бұрын

Thank you for explaining this so clearly and concisely. I've literally wondered for 30 years how you buy a house with no money and in 30 minutes you gave me the game plan that could change my life

@polandsgarden Жыл бұрын

You are a complete fool then if you Have been wondering for 30 years and all it took was 30 minutes to fix.

@rachelsantos-vy4iv Жыл бұрын

Can you teach me

@Theundisputedtruth Жыл бұрын

They say if you can't break something down I. A short time you don't know what your talking about

@BlueBynum-bd4cc Жыл бұрын

Thanks

@mikewill1740 Жыл бұрын

He gave the game but this is game and mouth play.

@jenniferortal6120 Жыл бұрын

You’re the first person who has broken this process down thoroughly! Im so grateful! Thank you!

@user-rg6xt3dw8g 29 күн бұрын

You have to make sure the rental house has insurance on it and money for repairs it does matter what condition the house is in it has to pass a renters inspection

@mskeyga 4 ай бұрын

Only thing I wouldn’t want to rent out a beat down place to someone. I’m trying to get as much $ as possible of the house is beat down you’re gonna get beat down requests or offers as far as people interested

@alexcameron2880 Жыл бұрын

Don't click "contact agent". That will make Zillow's agents contact you, not the seller.

@sandrawithoutborders5631 Жыл бұрын

You’re such a great teacher. You made it less intimidating and very easy to understand. Thank you so much.

@jamelgibbs Жыл бұрын

🙏🏾

@fitclubfitnesstv Жыл бұрын

Thank you for sharing your information was extremely simple and informative.

@darksecretsandtipsoftrucki1230 Жыл бұрын

@@jamelgibbs I've met so many people who rent and get their place trashed into very costly repairs. Or tenants miss rent and don't leave

@debbiesnyder7824 Жыл бұрын

@xenianyovane5234 Жыл бұрын

This was so educational...I have always wondered about getting into real estate with no cash...you have outdone your self thankyou God bless your heart 💜....now I'm in South Africa and I'm trying to use Zillow unfortunately it does not work for us...do you know which site can I use that's similar for my country....I'm also searching. I see the video is 2years old..but I think is very relavant..thanks again🙏

@LaciSubi 9 ай бұрын

I have watched hundreds of videos and all, but this one, are glib and no specifics. He is the most useful and helpful. God bless you! Thank you.

@user-ch7ol2lf4p 9 ай бұрын

This video actually brought tears of joy to my eyes and gave me hope thank you so much.

@crownchrist Жыл бұрын

Solid content no nonsense , no fluff , just actionable steps 🥂

@Dancing_Alone_wRentals Жыл бұрын

"actionable steps". I like the way you put that. tHanks

@KenNai Жыл бұрын

What would be the method to renovate in this process in the most cost effective way, not out of pocket, while making agreement with seller and before buyer moves in and also best method to get that money back?

@JCcrew4eva Жыл бұрын

My mind is genuinely blown. It's tax season and I'm behind on bills. This could not have come at a better time. This man is an absolute treasure sharing this info for free. I can't wait to watch more of his videos. This was an easy subscribe. Well done, sir.

@relley9798 Жыл бұрын

How did it go? I’m interested and want to see if others found it possible

@davinarobertson47 Жыл бұрын

@@relley9798 she became even more broke after joining his course

@TrevorThoma 11 ай бұрын

@@relley9798 Got a withdrawal today 🍾 to me

@user-ni7xu8vg8y Жыл бұрын

Finally someone to explain how this is actually done without having to listen to long drawn out video's and joining group sessions! Great job thank you!

@jamesharris5873 3 ай бұрын

God bless your mother & father on the basis alone that they MADE you...

@tjsylla 3 жыл бұрын

Fire content.. I'm gonna have to watch this a couple of times and start strategizing!

@jamelgibbs 3 жыл бұрын

💪🏾💪🏾

@msdjones30 3 жыл бұрын

me too lol

@miamacavage3406 Жыл бұрын

I'm currently 18 and working on getting my real estate license. I've been interested in buying a property to rent out. This video is extremely helpful with understanding how the process works! I really appreciate it. I've watched so many videos over the past few months and this one is by far my favorite.

@Jnell314 Жыл бұрын

This was good Jewels and Gems he drop out of all the other you tubers videos this one gets an trophy for his excellent on this. Now I'm fixing to take off and run with this one

@whatta7793 Жыл бұрын

Go ahead and start building your credit ASAP, if you haven't already. Get a credit card, and use less than 9% of it's utilization monthly, and pay it in full monthly. You'll be glad you did. I didn't start my credit until 22, and I wish I had started at 18. I'm now 28 so it's not that major of a factor anymore, but those extra 4 years of credit history would have still been nice even today.

@michael49022 Жыл бұрын

I no longer have my real estate license but when I did I was able to by rental homes by watching the mutilple listing system for expired listings and then calling the home owner and approaching them in a way similar to what the guy James in the video just explained. If the home owner wasnt interested I would then try to relist the property at a reduced price. Once the property was relisted under me and a reasonable time had passed I could then make an offer on the home myself and use the commission owed me from the seller as my down payment. Also while I was a realtor I'd keep my ears open for other realtors wanting to unload their rental propertys. Some times a retiring realtor would prefer a land contract or some thing similar over receiving all the cash at once so they could avoid the taxes.

@sliceofyourlyfe5794 Жыл бұрын

@michael49022 but who pays the taxes and insurance for the home when using this method,

@josuesevilla5356 Жыл бұрын

@@sliceofyourlyfe5794 it just depends on how its negotiated, look up gross lease and net lease

@melindaseverance5102 5 ай бұрын

From the vocabulary to the scripting to the raw data you have provided here. Absolutely top notch work, thank you

@tammywalkeronthewhitecarpe5923 Жыл бұрын

Thank you because I’m ready to get this thing going. At first I felt lil overwhelmed but thanks to your videos.🙏🏽

@TMK561 Жыл бұрын

I saw this in my recommended. As single father struggling with a lot, this video could definitely make me look into doing this, on top of possibly getting my own place and getting more money without having to pick up another job

@jamelgibbs Жыл бұрын

Glad it was helpful.

@gqbme2 Жыл бұрын

I’m in the same boat. I’m looking for a house and I’m even interested in leasing to own. I’m try this for a few months and if I can’t make it shake I’m use my credit and get a loan from a bank

@charlesfoster141 Жыл бұрын

Good job but you should elaborate on the risks. You may not find a renter/buyer in time in which case you lose your $100 earnest money if you fail to close. Secondly, your renter/buyer may default leaving you with a note to pay the original owner until you find another renter/buyer and if you fail you lose the property. I have done these deals for years with great success but never for rental or resale. I use this tactic to buy my houses where I have lived for the last 50 years. It works everytime. I have never been scrutinized or rejected. However I can attest that few sellers are going to get excited about or will consider $100 earnest money. However I purchased the most expensive property I ever bought on just my signature!

@MyMelcar Жыл бұрын

So may I ask is this really possible , I would love to purchase another home to live in.

@jnbernard Жыл бұрын

Right, doesn't the home title transfer not happen until the house is paid off anyway? Who would transfer a title for just a down payment?

@lilajohnson9180 9 ай бұрын

I am scared, I more scared of being broke. I am going to do it anyway!!!!! I have absolutely nothing to lose and everything to gain. Thank you for the lesson.

@nadegetoussaint9718 3 ай бұрын

Thank you for breaking it in a way I can understand. I am so grateful that it makes me cry.

@justinperez2786 Жыл бұрын

This man is the goat!! He doesn’t give you the runaround. He just tells you the truth and what you need to, and simplifies things. Given the chance I would like to work under him to gain some of his knowledge and see exactly how he does things

@XmXm999 Жыл бұрын

What he didn't tell you is what are you gonna do with non paying tenants . Lol, good luck evicting them in NYC for about a year and a half.

@Youknowright462 Жыл бұрын

I viewed this video and you were very clear with your explanation on this process. It also answered my curiosity on how this process could be possible. And I came to the conclusion it could be done….if….everything fell into place & went exactly as your scenario. For one tenants are too unreliable…especially the ones who would be most likely to rent these not so desirable properties….but before even getting to the tenants…I can’t even imagine how hard it would be to get a seller/owner to agree to the terms you’ve listed…unless they have hardships like too much repair/work needed on the property or they’ve taken out a loan on the home and having a hard time repaying, etc…..unless those are the ones you are targeting. The strategy may allow for possible success but it’s a bit risky for my 😬 nerves.

@RRlife4 Жыл бұрын

Exactly what I was thinking!

@BLKTeeze Жыл бұрын

Exactly !!! I saw this AFTER I left my disgruntled comments (pleas look at what I left!!) I just want as-surety! This is a long term agreements between two different parties!! It can get risky , nasty and overwhelming

@gailwilson5837 Жыл бұрын

@Erica Brown I've heard of this method of getting something for nothing I heard quickters using this way back, only thing new is the date on the calendar.

@sheilagiles1093 Жыл бұрын

I just came across your 1st video. I got hurt at work and have a concussion and was bored and I'm so glad I was. I've been wanting to learn this. I'm going to look at the rest when I'm better, and implement this.

@johnnyrodes2173 Жыл бұрын

Wow.. I've seen hundreds of videos about this topic, but no one does it better than you. Thank you so much

@jamelgibbs Жыл бұрын

Thanks

@sinicarising Жыл бұрын

Fantastic. My daughter and I have been wanting to purchase a rental property. And I accidentally ran into your video on KZfaq and cannot believe what I’ve learned. It’ll take me a couple of times watching this video & I sent it to my daughter immediately. I know we’re both going to talk about you amazing 5 step process and we’re going to get the ball rolling. God bless you for giving this information so freely! I have a tingling of hope now that it is possible to own a rental property and do it with little or no money down… WOW… priceless Thank you so very much!

@imwrongbutlisten Жыл бұрын

Owner financing deals usually want big down payment 20%-50%.also should have higher rate.Your first problem. You can buy homes 0% that's real. And it's not in the video.

@havefaith4358 Жыл бұрын

Me and my daughter too! Good luck.

@littywithcrissyvee4177 Жыл бұрын

This sounds so goood!!! Scared to get off doing a property, but you’re steps and process is such a huge help for assurance!!! I appreciate this. 🙏🏼 really will be binge watching all your tips to help get on it 😊

@csillamcelrath3708 3 ай бұрын

Wow! Clear and full step by step guied. Thank you for your time and knowledge, Sir. 👏

@verbalu Жыл бұрын

Straight to the point video with no tricks… great insight and knowledge

@Sombody92 Жыл бұрын

a large balloon payment becomes due after five or 10 years. If you can’t secure financing by then, you could lose all the money you’ve paid so far-plus the house. How do you stop the pitfalls. Like the cons that could end up bad?

@Sombody92 Жыл бұрын

Please 🙏

@a.ivezaj8154 Жыл бұрын

Few problems with this theory. This owner financing is really no different than a land contract, except it’s rephrased as an agreement. Not many people are willing to do land contracts, let alone get a half The monthly lease comps.Second, without income verification it is very risky for the seller, this is because if you’re propose tenant does not pay you, without banks involved you do not have any leverage and therefore cannot pay the owner. That’s putting you in a very bad situation. This might work on the streets but not in any professional world.

@evetaylor2765 Жыл бұрын

Lol, "on the streets" sounds like "race shade"

@yoshiphresh Жыл бұрын

You sound like a hater, that's it. That's the comment lol

@jahdestamuzik9145 Жыл бұрын

@@evetaylor2765 lol!! same thing I thought.. I think this person is just trying to be discouraging because we are learning the tricks of the trade

@KEYLA_BRANAE Жыл бұрын

@@evetaylor2765 put the race to the side and read everything else.. it makes sense.

@latonyalee7821 Жыл бұрын

I love when someone has done something and want to share their knowledge and instead of you reaching out to Mr. Gibbs, you come here and try to discourage others. I once posted how I removed a car repo from my credit report to show others how it's done and I got comments saying "that can't be done", after I had literally just done it. Only speak on what you know and let others share their knowledge for those of us who want to know how it works. Happy New Year!

@hollyday4871 9 ай бұрын

Continue to inform with conciseness. Thank you!

@LutashaT Ай бұрын

This is amazing! Wow, I think this just changed my life!

@ndeekillings5539 Жыл бұрын

Man! It is so refreshing to see you share such valuable & understandable information for FREE! ❤

@silk194 Жыл бұрын

Great content. This is essentially a mortgage wrap. Buyers should know if there is a mortgage in place usually there is an acceleration clause and or due on sale clause. Anytime u do a contract ur essentially transferring ownership. U jus have to check with the lender to make sure it able to tak over the mortgage payment essentially so u can write up your lease options to purchase agreements with the new buyer (which is usually ppl with a lot of money but no credit...credit is key wen buying a home in modern society..hands down...which is why they can afford the hefty 10% down at least). These will be rare with "TRUE" SELLER FINANCE HOMES...it's jus rare cause ppl rarely own a home FREE and CLEAR. Look for homes in preforeclosure (3missed payments), inherited homes, and homes with disgruntled owners (divorce, co owner inherited, co owners who want to sell but don't want to sell). Great video though. Good for you black man. Information is power!

@jawz7791 4 ай бұрын

All respect and gratitude is due to you. This is a definite life changer for the the ones that are really serious about getting into this profession and willing to build a legacy and business for their family. Thanks for sharing your knowledge. You are truly appreciated ✊🏾💪🏾💯

@showingtampabay Жыл бұрын

Very well taught and received. Thank you so much! I've been in the r.e. industry over 30 years but just now learning creative ways to invest. Just subscribed to your channel and looking forward to learning more. Great content! ❤️

@multiversechronicles6749 Жыл бұрын

Thank you so much for sharing this information! I've never owned a home or had any rentals, but I always knew there had to be a way I could start a rental business without having a lot of capital, and you have confirmed this for me, thank you so much💯

@dobrescuiosif 6 күн бұрын

Mr. Gibbs you're what I call a money magician. Thank you for the info.

@montaellis11 Жыл бұрын

What would the typical payment structure look like on one of these? For instance, if the home is around $100k to purchase, a $500 monthly payment to the owner would take over 16 years to pay in full… The problem with doubling the monthly payment to $1,000 is the difficulty in renting a $100k house for over $1,000 a month to make any money off the rent (and that’s assuming nothing goes wrong with the property you’re now responsible for)…

@tutu-lv9jg Жыл бұрын

Yep doesn’t even make sense to me. Another question is… how is the rent to own tenant even going to make the payments in half the time. He makes it sound easy, but I haven’t read that anyone watching this video has actually put his strategy to use with success ( just alot if comments).

@wilhelmlebaron3433 Жыл бұрын

@@tutu-lv9jg the only way I can see it Maki g any sense iis if you're a contractor and have Con tractor buddies. Take a shit hole renovate it and then rent it.

@pryorkennel Жыл бұрын

@@wilhelmlebaron3433 but he said it would ve listed as is.. who would pay that much in rent for a hs that needs a bunch of work

@lady6164 Жыл бұрын

@@pryorkennel I live in Florida where rent is outrageous now. People are paying that price for trash. How you accomplished this is by getting a hefty down payment up front from the renter.

@nitenitenurse713 Жыл бұрын

You are a great teacher and share golden nuggets! Just happened to see this video and you broke down everything in such easy to understand steps. Thank you! Newly subscribed! ❤️

@EmpressYudahRasNaturalLivity 27 күн бұрын

My husband and I bought our first two properties by owner finance. We paid off both properties in 5 years. Good one young man. You did a great job communicating this. Great video 👍🏾

@rajpjunior 10 ай бұрын

Thank you so much for sharing this information. I have been looking for a way to purchase my first rental property, but the banks make it so difficult to do once you own your primary home. Thank you so much 🙏🏽 God Bless You!

@treeez_____5317 Жыл бұрын

I just wanna say thanks for all the information you provide to us, did my research day in and day out , I was extremely nervous dripping sweat when I made my first call, used your script and now I have an agent to represent me and I can go look at a property today ! Mind you I just started my business march 10!🎉 it feels good being yo ur own boss and moving how you want to move and making deals that people cannot resist in no time I will be a pro in no time I will make generational wealth and in no time I will be a public figure for my community and make changes ! Thanks again for everything !

@jamelgibbs Жыл бұрын

💪🏾💪🏾

@browndeloris456 Жыл бұрын

You are god sent to want to help other people gain the prosperity of success in life an for everybody it's a win-win situation. In real estate I'm going to go after everything you said on the video because for 1 I am a go-getter and have goals to do better don't have to be rich just striving to help my family out. So I thank you very much appreciate this video an may god bless you for it. Will be back in touch to let you know how I come out in the business world

@Allaboutcamming 10 ай бұрын

Can we have a update!?

@arobinson7258 Жыл бұрын

Love this video! It was straight to the point and clear to understand. I'm wanting to get into REI and this Definitely made me feel like i can make the leap and do it!

@itzup4ever119 11 күн бұрын

Thank you thank you thank you watched your video went and immediately started doing my due diligence found a property and deal in less than 24 hrs closing in 30 days thanks definitely dropping gems Couldn’t remember your name so I’ve been searching all morning on KZfaq just to write this.

@jamelgibbs 11 күн бұрын

That’s great to hear. Glad it helped. Keep us posted.

@marauderad 11 ай бұрын

1 million views , a lot of people are viewing without subbing. Shame on you if you are one of those . This guy is amazing I am in the mortgage industry, I subbed half way through viewing because I know he is dropping gems. Good stuff. Much better than a lot of these other podcasts.

@jamelgibbs 11 ай бұрын

🙏🏾 thanks for that. I appreciate that.

@elizabethmontorello6186 Жыл бұрын

Thank you so much for being SO real! Omg I love your information and how you break it down in an easy to use process! Please never change you are truly helping people become something successful and we can all use your knowledge and truthful information! No fluff, no huge promises of getting rich scams, no purchases of this and that! You’re amazing! Bless to you and your family! ❤

@sayiangod9404 Жыл бұрын

Ram into this video by accident but stayed because you were so well spoken and right on the spot. Thank you for the knowledge and hoping to learn more

@tamarabyrd8113 Жыл бұрын

This is a very informative, simple & well versed video. I love the fact that you gave FREE knowledge my Black King!!! Kudos to you & your family Peace & Blessings😊

@gamersgarage3638 8 ай бұрын

Love how u explain everything in detail

@kaylyncollier8850 Жыл бұрын

Wholesaling is really wearing me out and I am so grateful that you posted the exact steps on how to do this instead of giving the run around thank you

@loveyfirstthing843 Жыл бұрын

This is by far the most valuable video of this kind. No ambiguity,clear step by step explanation. One leaves knowing that if they are purchasing a course or mentoring,they are paying for great value.Thank you so much.I liked, loved and subscribed. Looking forward to all the gems

@katrinakelly4152 Жыл бұрын

You are in your Purpose, Jamel. Thank you so much for your work.

@theresajordan898 Жыл бұрын

Very informative! Clear and concise! 🥰👍🏾

@janetcontreras3311 Жыл бұрын

I’m so grateful that your video was on my feed whoever doesn’t click on your video is missing out on a learning opportunity. I’ve been interested In real estate and wasn’t sure where to start but this video helped so much it was very straightforward, thank you for using your platform to share your knowledge with others.

@thewaychurchofchrist 3 жыл бұрын

Great video that makes financial sense... Found you on Noelle's video. I'm from Brooklyn, New York. Living in Baltimore, Maryland. I've been trying my best to get something going for a long time. I think I finally found it. Thank you for your selfless giving.

@jamelgibbs 3 жыл бұрын

🙏🏾🙏🏾🙏🏾

@alexk4450 Жыл бұрын

Any updates on how it worked for u?

@drahmaonthabeat3065 8 ай бұрын

Loved this video so many 💎💎 alot of great info. I feel like every other video I watch ppl only give 90% of the info and leave out the most important 10% but I feel like you spit nothing but straight facts and put it all out there. Thank you very much I am definitely going to study your channel and apply this process! 🙏🏽💪🏽✊🏽💯

@StreetMotivationmag 8 ай бұрын

Wow! I never watch any of these vids, but yours was 100% worth it, I'm late but here now. Love it and thank you for sharing.

@sylviasoler1743 Жыл бұрын

I loved how you were Not like others, who can talk talk and show nothing. You provided viewers with a on hand view on the laptop and steps to a way to dive in purchasing a home for passive income or sale. I’m sure there’s more depths but u provide a great overview! Thanks

@kianallanosdesign7119 Жыл бұрын

I love that you’re not gatekeeping this Information. Knowledge is power. I’m hoping to use this method to purchase/negotiate a commercial space for my art gallery. Thank you!!

@jamelgibbs Жыл бұрын

Go for it!

@lmartin3601 10 ай бұрын

You are a Blessing to many. Thank you for all you do.

@errandservice 8 ай бұрын

Thank you so much. I’ve seen many videos and at the end they ask you to pay. You didn’t. You’re awesome. I’ve learned a lot.

@jermariotate607 Жыл бұрын

Man I haven’t even finished watching the full video and I already subscribed to your channel. I’m glad I came across your channel…I’m highly looking into getting in the real estate field.

@pauljordan3516 Жыл бұрын

GREAT VIDEO! VERY INFORMATIVE ,STRAIGHT FORWARD , AND SIMPLY EXPLAINED. KEEP UP THE GOOD WORK!

@mschermerhorn5576 11 ай бұрын

Mister, your explanation of the process is outstanding. Thank you for this info!

@venessatoussaint41 Жыл бұрын

Thank you Mr. Gibbs for the info,everyone that explain how real estate works make it so difficult to understand. I always wanted to do real estate but I never really grasp the information properly. The way you explained it make it so easy to do thank you so much may God continue to bless you and your family.

@javiergrant70 Жыл бұрын

Great video, Jamel. I think I learned more after watching this video just once, than what I have learned since I first became interested in RE investments (many years ago!) You gave a lot of details - so much that I feel confident that I’ll be able to make it work. Thanks for the video.👍🏾

@Eccentricvoice77 Жыл бұрын

This video came up by chance while scrolling on KZfaq. I have wanted to get involved in real estate for many years, and 2023 is going to be that year! You have a new subscriber, I look forward to using your detailed step by step processes! Thank you!

@wilguenscoupet4450 11 ай бұрын

Men, you’re the only person giving the real information, the other peoples having class making people’s paying lots of money and they still never give the real information. Blessings to you my brother

@alexalvarado1874 Ай бұрын

I have never heard anyone talk like you do! I understood everything you said thank you

@amen2249 Жыл бұрын

Great motivation....only thing that changes in real estate is market values and property conditions.....the strategies are the same.....just depends on your approach....your level of hustle...how dedicated you are to your goals

@dwbooksandbeyond1528 Жыл бұрын

GREAT INSTRUCTIONS!! I have never heard real estate explained this way. It was simple, yet profound. You are a very good instructor.

@jamelgibbs Жыл бұрын

Thanks

@Esther-hi6zh Жыл бұрын

Question - what happens if the seller passes away while you are still paying on the house. Do you automatically get the deed to the property? It's a morbid thought, but things like that can happen.

@sabrinamasson3913 7 ай бұрын

Thank you for the Gem! I just started my independent truck dispatching company something new to start researching, I'm tired LOL but thank you. I am on this