How to Structure Creative Finance Deals

How to Structure Creative Finance Deals | Lease Options!

Рет қаралды 5,150

Pace Morby

Күн бұрын

Пікірлер: 22

@jasonbollman 3 ай бұрын

Great information! Very helpful! Thank you, Pace!

@PaceMorby 3 ай бұрын

My pleasure!

@joselopez2458 Ай бұрын

Hey Pace what does a seller usually require from you when you pitch him lease option to do a sandwich lease and he is inclined to do it? Im wondering if because you are offering this sort of contract, the seller doesn't check your credit , income, background check and all the other things like when doing a regular rental lease.

@BuckHinds 3 ай бұрын

love it

@creativeorca Ай бұрын

@ minute 13:40. Could you do a pre-sign Warranty Deed that is held in escrow until the option is exercised? This could possibly facilitated a smooth closing if something happens to the seller.

@random-bs1gh 3 ай бұрын

Is it the same as calling it rent to own?

@therealestake 3 ай бұрын

Yup, same thing.

@EstatusBestia 25 күн бұрын

Pace Morby don't I need good credit for a lease option? I've seen lease option owners ask for good credit.

@CarlosMartinez_ 3 ай бұрын

How could you pitch the lease option ? With the sub to clause

@HSTL_Team 3 ай бұрын

Does a lease option have better pros (for a seller) than a seller financing with the right terms? Ex:leasee maintains property and assumes liabilities

@PaceMorby 3 ай бұрын

I should do a video on this!

@chelseareyna1112 3 ай бұрын

I need a deal like this so I can have a better place to live. I’m in 900 sq ft and can’t afford to buy a house with my sole income

@PaceMorby 3 ай бұрын

What market are you in? Squad up with students local to you in the free FB group paceapproves.com/freefb-ytc

3 ай бұрын

I have a question. If I buy a property with sub2, what happens with the taxes of the property next year?

@mrjuannorris_ 3 ай бұрын

Same thing when you buy a house conventionally. The house is yours, and you’re responsible for payments, so you reap all the same benefits.

3 ай бұрын

@@mrjuannorris_ what I meant is what happens with homestead exemption in case the seller has one on it. Once the deed is updated the homestead disappear?

@WalnutAveInvestments 2 ай бұрын

Correct. Property taxes will be updated to non-homestead rates.

2 ай бұрын

@@WalnutAveInvestments thanks. So next year taxes will increase significantly

@WalnutAveInvestments 2 ай бұрын

Yep. Not sure what state you’re in, but in Michigan we have a property tax calculator online that lets you figure out non-homestead by county/city/school district.

@MrAhoelzel 3 ай бұрын

A servicer being involved has NO bearing on underwriting guidelines, at all. All guidelines require that the prior owner is no longer responsible for the debt. Sub2 does not accomplish this.