How To Make An Offer On A House | Creative Real Estate Investing

Рет қаралды 10,908

Күн бұрын

Want to know how to make an offer on a house with seller financing potential? In this video, I'll share with you a simple formula that you can use to make offers on seller financed deals. Check it out!
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#howtomakeanofferonahouse #howtomakecreativeoffersonhouses #creativeofferformula #creativerealestateinvesting #creativerealestate #realestateinvesting #jamelgibbs #realestate

Пікірлер: 134

@jamelgibbs 2 күн бұрын

Get 1000 property records of probate, tax delinquent, and preforeclosure homes for free: bit.ly/directskip

@DjBrickZ Жыл бұрын

Bro just made a complex topic easy enough for even a novice to understand. Gratitude😎 I'm Subbed

@johnwalter5875 9 ай бұрын

Lefty like my Dad I'm Listening

@kevindesire563 3 жыл бұрын

What an awesome video! I'm proud of these brothers that are sharing wealth building info. It's encouraging to connect with like-minded people.

@jamelgibbs 3 жыл бұрын

✊🏾✊🏾

@ML-gr5vr 3 жыл бұрын

Jamel once again you're right on time. A couple months ago I asked you about doing a creative deal and you answered it with a KZfaq Video!!! But this breakdown right here was exactly what I needed, thanks again!

@jamelgibbs 3 жыл бұрын

BOOM!!!

@michaelbatista2869 3 жыл бұрын

This is a good formula. One thing I think is good to mention though is that getting 15 to 20% down from a buyer isn't typical. Even guys like John Jackson and Joe McCall say you'll typically see 3 to 5% down. What you can do is set up a promise to pay the remainder 5 to 7% through monthly payments and maybe even through a lump sum on tax return season. Just some ideas. Can you make a video about that?

@jamelgibbs 3 жыл бұрын

Thanks for the input. On a lease purchase 3 to 5 percent can be typical. Depends on the market. With seller financing those numbers go up. But yes... this can be structured in any way. All things are negotiable. If you don’t ask, you won’t receive :-)

@DT1investor 3 жыл бұрын

Hey Jamel, you've just taking the guess work out of doing something like a seller financing or lease option deal. Great video my friend!

@jamelgibbs 3 жыл бұрын

Thanks 🙏🏾🙏🏾🙏🏾

@bunnyman6321 Жыл бұрын

I knew Jamel was genius when I saw him write with his left hand 💯

@oroxlaw1493 11 ай бұрын

Thanks again for another great informational video! Hopefully this will help me get my first deal sooner. When I do I will let you know and maybe I can buy you some lunch just to show my appreciation :)

@aaronj6879 3 жыл бұрын

I have been following your channel for the past month, it is helping me move from a full-time employee workimg on someone else's dream,, to a full-time investor with my own real estate business. Thank you!

@jamelgibbs 3 жыл бұрын

💪🏾💪🏾💪🏾

@roycole4421 Жыл бұрын

Congratulations

@larrybryant6015 Жыл бұрын

I’m going do the same thing, soon!

@onway78 8 ай бұрын

This is the first time I fully understand everything you are saying but I do have one question where do you get the paperwork to give to the sellers and the buyers?

@johnanderson9893 10 ай бұрын

Thank You Jamel, great backup option. Continued success Brother to you and your subscribers, including me...

@getdropped-820 16 күн бұрын

Great video jamel !!

@lifeofanentrepreneur7837 3 жыл бұрын

Very easy formula. Thanks, i been trying to learn how it works

@jamelgibbs 3 жыл бұрын

👍🏾👍🏾

@imtashera 6 ай бұрын

This is great, I’m testing it out now after watching another of your videos, let’s see how it goes. First timer here !

@jamelgibbs 3 жыл бұрын

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

@shontelsimmons7240 3 жыл бұрын

This is good thanks for the information

@rickywarren7272 Жыл бұрын

Appreciate this guy frr💯‼️

@iramcc409 10 ай бұрын

Good info in this video! Thanks!

@voncartwright7200 Жыл бұрын

So I watched 2 videos by you so far and the more I watch the I’m getting pumped!! I’ve been thinking about going into real estate but really don’t have the means of affording school. But these videos are so educational I’m feel ready to start after 45 minutes! My only question that I haven’t been able to find is what happens if the original owner has a mortgage? How would you work that into a profitable deal for both of you?

@nabitherealtour144 Жыл бұрын

That is a great question. The issue with that is called DUE ON SALE CLAUSE. If a seller sells his house with a mortgage on it, they will call the FuLL note due IMMEDIATELY. I would only do this with homes that are paid off. Some people take a chance and do it. As soon as the title changes, they mortgage company will find out about it.

@beatrixbrennan1545 4 ай бұрын

There's something called a wraparound mortgage where the buyer combines their mortgage into the seller's.

@jesham7627 3 жыл бұрын

Another gem. Do you have any content on "Slow Flips" explaining how long to hold, creative deals to acquire the properties and of course the basics?

@jamelgibbs 3 жыл бұрын

Here you go: kzfaq.info/get/bejne/fqmDmrijqJfHnWQ.html

@modiva6638 Жыл бұрын

Just what I need to get the ball rolling. Thanks so much❤

@32nperez 10 ай бұрын

Thank you😊

@tarhillbuyshouses5489 3 жыл бұрын

Easy peasy! Good video Jamel

@jamelgibbs 3 жыл бұрын

🙏🏾🙏🏾🙏🏾

@gwendolynjackson827 3 жыл бұрын

Thanks Jamel for sharing this very valuable information.

@jamelgibbs 3 жыл бұрын

My pleasure!

@Product_snob 2 жыл бұрын

Omg I'm learning so much thx God for this channel bless it and the people who run this channel

@jamelgibbs 2 жыл бұрын

💪🏾

@franklinmcadams1766 3 жыл бұрын

Thanks for this Jamel

@jamelgibbs 3 жыл бұрын

👍🏾👍🏾

@MikeOtranto Жыл бұрын

I use the rental comps/2 as well. In my experience, allocating 50% of the gross rent for debt service is usually a good deal. I know one guy that will only go 40% but he only does mobile homes in a small area of California.

@Mr.Thinker- 3 жыл бұрын

Nice easy formula 💪

@jamelgibbs 3 жыл бұрын

🙏🏾🙏🏾🙏🏾

@ToniToniKitchen 3 жыл бұрын

Brilliant!

@jamelgibbs 3 жыл бұрын

🙏🏾🙏🏾🙏🏾

@HjCrawford 3 жыл бұрын

Thank you for this!!! 🤗

@jamelgibbs 3 жыл бұрын

It’s a pleasure!

@HjCrawford 3 жыл бұрын

@@jamelgibbs you do an amazing job breaking things down & explaining in detail to where it is easy to understand. And I greatly appreciate that!!

@jamelgibbs 3 жыл бұрын

Thanks for that!

@joshuaheckle-surrealestate7734 3 жыл бұрын

I like Mitch Steven's formula in your podcast with him. I would also not offer a 10% down payment off the bat. It would be much better to find out what they need to move out or feel comfortable with as a down payment and most of the time you can get a lower down payment. Just my 2 cents though! Glad to see you doing more of these type videos since many sellers are asking for full market value right now.

@jamelgibbs 3 жыл бұрын

Indeed.

@yaboimarvee6747 3 жыл бұрын

Salute!

@jamelgibbs 3 жыл бұрын

💪🏾💪🏾

@yuluv_juju Жыл бұрын

How do you find a buyer in a good time frame and let them know your legit, for example if they wanted to see the property and so on?

@stanleyanton3368 Жыл бұрын

Love it! My only question is any portion of the rent money that the tenant-buyer is paying to you monthly being deducted from the final purchase price or is that full difference (in this e.g. $500) profit?

@bobhopkins433 3 жыл бұрын

Very good, seen stuff like this before, only issue is if the house needs work, then what??

@jamelgibbs 3 жыл бұрын

You can sell as is on a lease purchase.

@titusamerson1998 Жыл бұрын

You profile is a KZfaq hidden gem. thanks and I just subbed. I have not gone and gotten any real estate certification or license… is that essential?

@malina10 Жыл бұрын

This is gold! Thank you so much for sharing your knowledge. I have a question. How do you find out if in fact these properties don't have any lien's or backed up in taxes etc before you make the deal?

@malina10 Жыл бұрын

I found the video you made explaining this! Thank you again! Blessings 🙌🏽

@terrynorris326 3 жыл бұрын

So much 🔥🔥🔥🔥🔥🔥

@jamelgibbs 3 жыл бұрын

Thanks for the love. 🙏🏾🙏🏾🙏🏾

@bbqworld2103 10 ай бұрын

Great video thanks. If they have a tenant in the property, can you still offer to buy the property this way and raise rent to match rental comps in the area? Thanks

@nawilliams78 Жыл бұрын

I love this info and the specific strategies provided. I keep getting caught up on the lease buyer option. You don't have the lease offer buyer yet, but you go ahead and purchase the property....correct? If the lease buyer isn't able to close in 5 years, what happens?

@jamelgibbs Жыл бұрын

How to Invest in Real Estate with No Money? (Real Case Study) kzfaq.info/get/bejne/artigtiXrZ63haM.html

@tyreedockery8355 3 жыл бұрын

Thank you for this great content! What about if the home needed renovations? Will I be able to get the Tenant Buyer to cover this as he continues with lease option?

@jamelgibbs 3 жыл бұрын

Yes. The tenant can cover that based on what you negotiate.

@tyreedockery8355 3 жыл бұрын

@@jamelgibbs awesome!!! Thanks!!

@alfredoa2694 3 жыл бұрын

Hey thanks for the video. Just wondering how would you factor in a property that needs significant repairs ? Your example seems like it’s geared towards move in read properties? Also if this was for a buy and hold what would be your exit strategy? Would the seller have to carry the loan until it’s paid off ? Thanks for the videos !

@jamelgibbs 3 жыл бұрын

Buy at 85%-100% minus repairs. I have an entire course on creative investing and wholesaling. It's called Hybrid Wholesaling. If you want to take advantage of it, let me know.

@fgwlministries8994 7 ай бұрын

Good Stuff, But what's the process to transfer the Title?

@matthewpowell4356 11 ай бұрын

Great video! I've enjoyed them thus far. Question I have is in this scenario, you promised the seller $500/m. If you put 10% down, the asking price is now $90,000 and at $500/m payments it will take 180 months (15 years) to pay off the original owner. Maybe I am misunderstanding this portion.

@raymondwilson6543 3 жыл бұрын

Baby J that was awesome, never heard it explained that way.. Do you have a Creative Finance Course?

@jamelgibbs 3 жыл бұрын

I do. It’s called Hybrid Wholesaling. But it’s only available to mastermind clients at this time.

@stephanieb6461 Жыл бұрын

Do you have rental agreements samples and advice, or a video of what could go wrong? I'm new to real estate snd I can easily see having issues with renters canceling the lease ...

@jamelgibbs Жыл бұрын

I have a complete course called Hybrid Wholesaling. You can check it out at get.reieducationacademy.com

@reubenlumbela6188 Жыл бұрын

Hi Mr. Gibbs. Thank you for the great content. Do you have enough time to get a tenant and the deposit from the tenant to be able to make the deposit in time yourself?

@jamelgibbs Жыл бұрын

Yes. Always negotiate enough time.

@nabitherealtour144 Жыл бұрын

@@jamelgibbs How much time would that take? If the seller is willing to wait until the day of closing for the DP you MIGHT have time to find a buyer from craigslist or whatever. What if you do not have a tenant for the place? Then what do you do? Are you putting in any contingencies? Do you set up your add for rent to own BEFORE hand so that you have time for the application and vetting process?

@reubenlumbela6188 Жыл бұрын

@@jamelgibbs Thank you

@user-jn2ct8zu9v Жыл бұрын

hey man ive been watching your videos and taking a lot of notes and I have a question, what if it takes too long to find a tenant to rent the property out to? is there a deadline to find a tenant willing to put a 15%-20% down payment on the property?

@Next-Millionaire777 5 ай бұрын

💡Rent Comps: Ask Property Manager Companies In Ur Area

@beatrixbrennan1545 4 ай бұрын

Or just look online in the area you want to buy

@lbroxton0611 Жыл бұрын

In this process what if your potential buyer is an sec 8 receiver will this financial assistance be ok to turn the property? Ik the end result is to purchase the home but can we still put the stipulation of on the 61 month the house is to b paid in full?

@Skyguy243 3 жыл бұрын

So since there is no amortization, would the monthly price that you pay to the seller not be counted as credit to the financing? You would pay them the monthly income until you cash them out with the full asking price?

@jamelgibbs 3 жыл бұрын

Check out this video: kzfaq.info/get/bejne/Z9xja6irp7fRY4U.html

@azillia1 Жыл бұрын

In the rent to buy offer who pays the utilities? Are they included in the $1,000 dollars you're asking from the buyer or do they also pay that on their own in addition to the $1,000? Thanks for this!

@nabitherealtour144 Жыл бұрын

Think about when you rented a home or an apartment. Utilities are usually NOT included. That is on their own.

@patriciawiggins8351 Жыл бұрын

❤

@mack48215 10 ай бұрын

i get it.. what if they financing from bank?

@jaketrevathan Жыл бұрын

What happens if the buyer is a rent to own buyer and they decide to back out or something happens to where they cant make the payments. will that responsibility fall on us "the middle man" or are the buyers fully responsible for everything and the seller is aware of that as well

@chinafranklin7032 Жыл бұрын

Hi I need help setting up a deal that fell in my lap

@sharongandy6300 3 жыл бұрын

Thx Jamel. I’m a beginning investor still in the midst of acquiring my 1st deal. I’ve made some calls off Zillow, but nothing so far. But again, I’m just getting started, I’m sure it’ll happen soon. Question, I’m thinking of proposing a creative financing offer on my current residence. My landlord has expressed an interest in selling. Do you suggest something like this? I was thinking lease option or seller financing. Thx.

@jamelgibbs 3 жыл бұрын

Absolutely.

@jalabi99 3 жыл бұрын

@Sharon Gandy two months later - how did it work out?

@jesham7627 3 жыл бұрын

How can the seller financer be proven to be the actual owner(s) and what about any liens on the property?

@jamelgibbs 3 жыл бұрын

A title search will need to be done.

@7kye7 Жыл бұрын

This is a great video. My question is, Is the buyer giving a $1000 for the rental comps and I would be giving the seller $500?

@Rightopinionhaver Жыл бұрын

You are getting 1000 in rent. He is saying pay 1/2 to the seller from that

@lizzetteturner6213 11 ай бұрын

I am looking to hold my 1st deal.... I am currently paying rent. My balloon payment should be available in 2 yrs because I will keep my 'day job' until my 6 months emergency $ is secured

@carlinemcgrue882 Жыл бұрын

Hello Jamel. My name is Carline and I am a newbie in the real estate market. I have been so interested in learning more and getting more knowledge so that I can be the best investor. I am a child development specialist and I love what I do. I love children. but I am also passionate about becoming an entrepreneur in the real estate world. I have couple of reasons why I am interested ; the first reason: I would like to have financial freedom. And the second reason, I would love to give back to my country Haiti. I would like to make a huge difference in the lives of the orphans. What better way to have cash flow poring in and to be able to send funds in helping with their education. So so important. You podcast has been helping me in many ways and teaching me to have the confidence I need to say I can do this. I’ve been watching your videos and taking notes for a couple od months. Not sure yet which avenues I’m going to take, but I know I am in and ready. Thank you Jamel for your great explanation. And thank you for helping others to get where you are. God bless you.

@larrybryant6015 Жыл бұрын

Where do you get the contracts to do these types of deals?

@lizzetteturner6213 11 ай бұрын

Jamel did mentioned several times to use a lawyer for that......

@sarinthesin591 3 ай бұрын

My question is how likely is it that I’d be able to get a lease to own tenant to put 15 percent down. I would assume most people doing a lease to own don’t have the money to pay upfront.

@cethhannis1929 Жыл бұрын

Do I need a real estate license to do creative real estate starting out?

@jamelgibbs Жыл бұрын

@FlintFoundation Жыл бұрын

Can you make a profit using this structure on homes that need tlc work, or vacant properties

@jamelgibbs Жыл бұрын

Check out these videos for your answer: kzfaq.info/get/bejne/o7Bnpq2j0Nqzdp8.html kzfaq.info/get/bejne/rcV-lpSSm6i3iqM.html

@FlintFoundation Жыл бұрын

@@jamelgibbs thanks bro I watched the second video n took notes and everything I’m fresh out the Feds and you really motivated to start this your video is clear cut

@angelamarroquin9669 Ай бұрын

So I'm Confused. So the tenant will be paying a total of 100,000 + 10%?

@dinosaurfunfact 10 ай бұрын

Do you need a license or certificate to do what you doing

@jerrystrader Жыл бұрын

How do I sell the property to a tenant buyer without having given the seller there 10% down payment ??? Since the seller is waiting on me to close before they get there’s???

@Rightopinionhaver Жыл бұрын

How often does a buyer agree to a 20 year payout? Seems like it would be a hard ask

@beatrixbrennan1545 4 ай бұрын

He usually gives examples for 120 months, or 10 years.

@HjCrawford 3 жыл бұрын

The Property Info Sheet is just showing "error" for me?

@jamelgibbs 3 жыл бұрын

Please send an email to info@reieducationacademy.com We’ll send it to you via email.

@HjCrawford 3 жыл бұрын

@@jamelgibbs bless your heart, thank you!!!

@jamelgibbs 3 жыл бұрын

Thanks so much!

@brandonwhitner4104 3 жыл бұрын

Hey bro send that sheet to me also.it won't download. By the way I want to thank you again my bro.i should be closing on the 29th of this month

@jamelgibbs 3 жыл бұрын

Send us an email. We’ll get it over to you.

@jamelgibbs 3 жыл бұрын

Oh... and congrats. Would love to have you on the podcast to talk about the deal.

@brandonwhitner4104 3 жыл бұрын

@@jamelgibbs remember I told you a while back I would be on your podcast lol.but check this.i was contacted by a land owner who was developing a neighborhood 21 lots on land she owned Here partners pulled out after they finished 3 properties she has 18 lots left.its located outside of Atlanta and she is selling each lot for 14500.how should I handle this?

@brandonwhitner4104 3 жыл бұрын

@@jamelgibbs brandonwhitner@hotmail.com

@jamelgibbs 3 жыл бұрын

Of course