21 күн бұрын
11 ай бұрын
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@iheartherbs 3 күн бұрын
This IS ABSOLUTE FIRE 🔥 😍 🔥
@ChrisGoff Күн бұрын
Thank you so much! Glad you liked it.
@SaraNorman-lv6cu 5 күн бұрын
I got something in the mail today today asking me if I considered a short-term lease purchase on my house that is currently on the market for sale. Im still a little confused but maybe I will call him and ask. He also included the benefits are 1-No commission/costs 2-Close in 12 months or less! 3-No repairs- "AS IS" 4-Cash flow each month! 5-Top Dollar Also includes that I will receive full price and no commission! My mothers stole my inheritance that her cousin left for me in the will, and so if this will bring me more money then a agent would without anything negative its a tempting option, however I do not want to end up making a major mistake! Thanks in advance.
@timsikkenga301 9 күн бұрын
What happens if you have to foreclose on the property. You have to pay holding costs through the foreclosure process. You also have to pay holding costs until you can resell the property again. What happens if the market takes a down turn and now you are upside down on the house. Also how strong are the laws to help you foreclose if you only control the property and don’t actually hold the deed? I understand the laws vary from state to state so this is a generalized question, and it is possible you addressed these issues in other videos. Thanks
@ChrisGoff 7 күн бұрын
Just to be clear, you can't foreclose on a home you don't own. The owner could go through foreclosure while you're in the middle of the deal. This would be a great video to do in the future that will answer all of these concerns. Thanks for posting!
@BushidoBrown117 9 күн бұрын
finally a video who shows how to analyze pre foreclosures deals. Thanks
@ChrisGoff 7 күн бұрын
Glad you enjoyed it!
@katiewitt6225 11 күн бұрын
This was really helpful. Thank you!
@ChrisGoff 7 күн бұрын
You're so welcome!
@EarlArmstrongJr 18 күн бұрын
If the owner's commercial property is paid off (free and clear). Can I submit an offer to buy with seller finance (terms) by having them create a note on property? I seen multiple videos where you use a Single Family Home, but commercial example would be great.
@ChrisGoff 18 күн бұрын
You can apply this strategy to any type of real estate, regardless if there's an existing mortgage. I usually talk about single family the most only because there's more it. Maybe we can do an example for a commercial property in the near future. Thanks for the comment!
@drexelspivey872 18 күн бұрын
What about if you have the capital to buy houses regularly, not on a lease option but want to offer lease options? I’m very enticed by this motion and have $100k+ in capital and would like to see if I could make a business out of this
@ChrisGoff 18 күн бұрын
If you have the capital to buy the properties, go for it and use this strategy as an exit strategy. But, if there's not much equity in the property, don't buy it, just lease option it.
@charliecental5657 19 күн бұрын
Great video! Do you ever invest in or wholesale commercial real estate?
@EarlArmstrongJr 18 күн бұрын
He states his commercial investing @16:55
@ChrisGoff 18 күн бұрын
Both! I usually talk about single family because there's more of it. But definitely apply these strategies to commercial real estate.
@charliecental5657 18 күн бұрын
@@ChrisGoffVery cool! You put together one of the best courses on wholesaling residential real estate, called the blue print. It was nearly perfect. What if you did the same thing but for wholesaling commercial properties for bigger checks? That would be fire and you would be the only one to do it. 🙏
@ChrisGoff 18 күн бұрын
@@charliecental5657 Thank you for the compliment and I will keep that in mind for a future course.
@charliecental5657 17 күн бұрын
@@ChrisGoff I’ll be your first customer and case study if you ever do!🙏
@crussey123 20 күн бұрын
Incredibly helpful. Literally step by step. Thank you for taking time out of your day to give this to those who needed it.
@ChrisGoff 20 күн бұрын
Glad it was helpful!
@JerryCarter-vn8tg 21 күн бұрын
Jerry Carter I need to learn this how can i learn thou you
@ChrisGoff 21 күн бұрын
I can personally teach you if you enroll in my coaching program. You can learn more at: www.chrisgoffrealestate.com/coaching/
@KA-rt2vh 21 күн бұрын
What happens if you don't find someone who would buy it?
@ChrisGoff 21 күн бұрын
The worst case scenario is that you can't find someone to buy it; you can try and extend with the seller or walk away. I've never had to walk away from a deal that is structured correctly :)
@batatasol8540 22 күн бұрын
Best breakdown of Seller Finance 🫱🏽🫲🏾💪🏽
@antwanstevens5259 25 күн бұрын
Chris, Was on the fence between REI Pro and Propstream, but truly enjoy the education via REI Pro Both platforms offers list and marketing, but this training is priceless!! What's your specific thoughts regarding this topic regarding both platforms?
@ChrisGoff 25 күн бұрын
As a co-founder of REIPro, I've always emphasized that data is only valuable if you know how to use it. That's why we created the Executable Step Workflow and offer extensive education to support it. It's a complete system designed for success. Thanks for posting!
@antwanstevens5259 25 күн бұрын
@@ChrisGoff A conversation and information changes situations Communication is key to everything Appreciate the specific feedback I support you Thank you
@CharlieL.GrayIIREICREIBF-vu6my 28 күн бұрын
❤ Please continue your old school intuitions, I am a bit old school myself. I truly appreciate the quality of your offerings. Yes l am going forward back to school, re-tooling, refreshing, Thank You, Respectfully. 😅
@ChrisGoff 25 күн бұрын
You are so welcome
@daviddavis9727 29 күн бұрын
YES I'm interested 😁
@ChrisGoff 29 күн бұрын
Great!
@liljay5575 Ай бұрын
I know I’m late but I have a deal almost identical to this and I’m having a hard time grasping how to find the LAO and MAO for the deal. The owner has 20 properties mostly with the property values ranging from 50-70k. How do I go about this? Do I just find the Arv x 70 - repairs for each home and add them up? Any reply would be appreciated
@ChrisGoff 29 күн бұрын
You should use REIPro to run the comps on each individual property first, then follow the cash offer formula in step 4 to create your cash offer. Then, total each offer. I hope this helps!
@mrprfct7069 Ай бұрын
Who paid the taxes on the sale ?
@ChrisGoff 29 күн бұрын
In this case, the investor.
@MotivatedBuys Ай бұрын
Great point and thanks for always sharing! what 3rd party payment portal do you we use to receive the differential interest rate payment after deal has closed with buyer?
@ChrisGoff Ай бұрын
You are welcome. We don't use third-party payment portals, but there are several you can use.
@deangonzalez1787 Ай бұрын
Are you still offering mentoring Mr. Goff?
@ChrisGoff Ай бұрын
I do offer one-on-one coaching. You can learn more and schedule a call with me if you're interested: www.chrisgoffrealestate.com/coaching/
@lincolnmcthay9701 Ай бұрын
That’s my number one priority. To help people…
@ChrisGoff Ай бұрын
Awesome!
@feewynnoc Ай бұрын
This is a great video to watch and learn about Subto. I have a question I hope Chris or someone can help me. How do I get a Subto contract?
@ChrisGoff Ай бұрын
We go through a real estate attorney for all seller finance contracts. Sub-2 is just a clause in this contract. Thanks for the question.
@tiniajames4978 Ай бұрын
So you would file this after you put a property under-contract? Just to clarify
@ChrisGoff Ай бұрын
That is correct! Thanks for the question.
@WiseOneSun Ай бұрын
So Chris what's the ideal type of homeowner/seller to market to to procure profitable deals like this one?!
@ChrisGoff Ай бұрын
Absentee Owners/Tired Landlords/Expired Listings/For Rent by Owners would be who I'd market to. Thanks for the question.
@WiseOneSun Ай бұрын
@@ChrisGoff do you know of a viable source of expired listings for investors to get access to? Each source I've found so far requires us to be an agent to gain access to their leads... Thanks Chris!
@antwanstevens5259 Ай бұрын
🧠🐐🏁🙏
@ChrisGoff Ай бұрын
Appreciate it!
@ca3713 Ай бұрын
Hey Chris, Dose the Pro have a section for finding out how to budget for a new construction loan for the lender?
@ChrisGoff Ай бұрын
We do not, as this is different for each lender. Hope this helps.
@korysstone Ай бұрын
Thank you for the video
@ChrisGoff Ай бұрын
You're welcome
@joandonnelly8595 Ай бұрын
Good video
@ChrisGoff Ай бұрын
Glad you enjoyed
@joandonnelly8595 Ай бұрын
Isn't Texas a one year Lease Option state?
@ChrisGoff Ай бұрын
180 days the last time I checked. You can always Google it, but Seller Financing would be a better strategy in Texas.
@antwanstevens5259 Ай бұрын
🏁🙏🐐
@ChrisGoff Ай бұрын
Appreciate that!
@mikemorgan8646 Ай бұрын
How can this be a win-win?
@ChrisGoff Ай бұрын
I have some more videos on this subject that may help you see the benefits and see why it's a win win. This isn't a traditional real estate strategy.
@mikemorgan8646 Ай бұрын
This only makes sense in a "normal" market. Right now the market is cuu cuu for coco puffs.
@ChrisGoff Ай бұрын
The market is not relevant to this strategy, but let's talk about it. Sellers are not selling because buyers do not want to pay a high-interest rate, at least in most markets right now. Many buyers are waiting for the interest rate to drop since they can’t afford the home they want. So, we have a seller who will struggle with selling and a buyer who would prefer to rent. Sounds like a no-brainer to me. This strategy buys time for both sellers and buyers.
@mikemorgan8646 Ай бұрын
Wait, I have to agree on a purchase price now for 1-3 years from now? This current market could go way down in value in 1-3 years.
@ChrisGoff Ай бұрын
Real estate markets generally increase up to 3%, but you never know. Just renegotiate the deal if needed.
@vanessadarrough3143 Ай бұрын
I need help sending contracts to buyer ?
@sandys2672 Ай бұрын
Omg you just saved me! The seller is trying to push me into a land contract.
@ChrisGoff Ай бұрын
You are welcome. A Land Contract is only good for the seller who doesn't want to give away the deed. In some cases it's a good thing, this would avoid the due on sale clause.
@RJones-hp6ym 2 ай бұрын
On Subject to existing mortgage bank will call due mortgage to get higher interest rate by calling loan due.
@ChrisGoff 2 ай бұрын
Banks aren't in the business of calling loans due when payments are on time, and it's financially irresponsible to take on a liability to where they can't loan out 3 times the amount taken back.
@HT_Ray 2 ай бұрын
Quality
@ChrisGoff 2 ай бұрын
Appreciate that!
@HT_Ray 2 ай бұрын
This was phenomenal!! Easily one of the best ever on YT
@ChrisGoff 2 ай бұрын
Thank you so much for posting, and glad to hear it!
@hashimsalim2665 2 ай бұрын
😀
@ChrisGoff 2 ай бұрын
Appreciate that!
@qaiserqureshi4024 2 ай бұрын
Mr Chris Goff - What a great presentation on this subject - Appreciate and Thanks - God Bless You - Regards
@ChrisGoff 2 ай бұрын
You are very welcome
@kristinkeller5705 2 ай бұрын
Thank you for sharing. Do you have a discount code or free trial code for first time users?
@ChrisGoff 2 ай бұрын
You are welcome! We offer a 14-Day Free Trial with all new subscribers.
@freddyfrazier1038 2 ай бұрын
'PromoSM'
@Yiwaki 2 ай бұрын
Hi Chris. Great content as usual. If you were to sell a property, is seller-financing a better deal for the seller than selling it for a lum sum? Thanks!
@ChrisGoff 2 ай бұрын
A seller would make more money over time with seller financing, but if the seller needs the cash, then sell it. It's more of a personally choice.
@cbDAD39 2 ай бұрын
I have been looking for this kind of information everywhere! Thanks for being so detailed 🤩
@ChrisGoff 2 ай бұрын
Glad it was helpful!
@cbDAD39 2 ай бұрын
thinking outside the bank LOL
@ChrisGoff 2 ай бұрын
I appreciate your support and humor! Keep thinking outside the bank!
@Yiwaki 2 ай бұрын
Great video! Thanks, Chris. If you seller financing it out to another buyer, what happens if they stop paying during the term or couldn't come up with the balloon payment at the end of the term?
@ChrisGoff 2 ай бұрын
You would take the property back and do it again with another buyer. Hope this helps!
@Yiwaki 2 ай бұрын
Thanks Chris! Great video. These days with the high-yield saving account interests rates also being around 4%, does it mean with seller financing, the interest rate for seller needs to be higher than the banks' saving account interest rates?
@ChrisGoff 2 ай бұрын
Appreciate the comment! Interest rates are all negotiable with seller financing, and it really comes down to the seller's motivation and situation. If they have a current mortgage, first understand what they are paying, and then you can run the numbers and make an offer.
@Yiwaki 2 ай бұрын
Great content!! So the owner didn’t get any financial gains, correct?
@ChrisGoff 2 ай бұрын
Appreciate it! Not with this deal. The owner's motivation was to not have a foreclosure on his credit report; that was the most important thing to him.
@themrjameswhitejr1386 2 ай бұрын
Love your right to the point teachings. This is either what influencers don't understand or don't want to do.
@ChrisGoff 2 ай бұрын
Appreciate the comment!
@jessicawhitakeroficial 3 ай бұрын
Awesome!
@ChrisGoff 2 ай бұрын
Thank you! Cheers!
@eddiecenteno8 3 ай бұрын
Inlike your detailed explanation. Thank you i just subscribed
@ChrisGoff 2 ай бұрын
Awesome, thank you!