Video Closed Captioning:
at a time
and as you saw in the last 24 or 48
hours there are some real estate experts
real estate channels that are selling
so i thought what better way than to
come back and tell you
that i am still buying
i did a video about six weeks ago where
i directed it to fresno real estate
agents
fresno
property owners wholesalers
and i want to reiterate this again i am
increasingly hearing about the fresno
market
getting a little uh
a little crazy right this is the
slowdown
this is the first slowdown for many of
you
i have been through this before
so again i want to start this video and
tell you
that i am still buying
olivia and i have
the ability to put millions of dollars
to work
for what i am going to talk about here
if you’ve been following my channel
you should know what i’m looking to do
but let’s i’m going to pretend like i am
talking to a fresno homeowner
who wants to sell
put it out on the market didn’t get any
crickets or didn’t get any showings and
is now frustrated
i want to talk to real estate agents
real estate agents if you bring me a
lead
on what i’m about to talk to
you get
both
sides
you get the buyer side and the selling
side
you could get up to six percent by
working with me
so here’s the deal
what are what am i i am not a wholesaler
i am not a flipper
the first thing you have to realize
about one rental at a time is
buy
and hold
so any deal that you and i work on
together you and i discuss
i have to be able to hold it
for the rest of my life will i hold it
the rest of my life who knows
but i am not going to do a deal
that is an alligator
that bets on appreciation
i don’t have to i will not do that
okay
second something else you must know is
price
price is important but to me
not
not the most important thing again why
is that
because i want to hold it forever
so it is very likely if you and i are
going to do a deal today we are going to
talk
terms
i am going to need you the seller
to hold at least some
of what’s called the paper or the note
you can get some money now potentially a
lot of money now but you will have to
hold some because again
i have to take the debt structure
debt
and i have to be able to cash flow it
right away day one cash flow if it’s
negative cash flow i am not buying
it is very likely that we are going to
do a first
and a second
the first will come from a bank
a mortgage lender the second
will be you
not a problem i’ve borrowed millions of
dollars from sellers and if you want i
can connect you with some other sellers
to talk about years of on-time payments
if that is important
it’ll be a secured note it is an asset
you could sell it you could pass it on
to your heirs we can talk about the tax
savings and all of that going forward
but again i want to be very clear
on what i am looking to buy
i want to put millions of dollars to
work
in this
strategy if this fits you or it might
fit you
reach out to me let’s talk we’ll know in
five to ten minutes
so here are some of the variables that
you and i can consider
you as an owner or you as a real estate
agent
working with an owner
this is
what i would tell them right so they
could get
up to
um
what is it
i think it’s from 60 percent
cash
all the way up to 90 or 85 percent i
think
so what is 60 cash to 85
or actually no 15 sorry the other way
i’ll tell you this in a minute i’m just
working this out in my head
so again using this debt structure
i can work out a framework
where if the seller wants a lot of cash
today
i can get them 60 of cash so let’s say
they’re selling the house for 300 grand
they could get up to 180 000
minus transaction costs
day one
then they’re going to have to hold a
note
for 40
let’s say they’re in a situation where
they don’t want a lot of cash
i could do a deal where they only get 15
of cash
maybe even 10 if they want to carry it
all
but these are things that we need to
work out again remember
buy and hold i’m not a wholesaler or a
flipper
second price
it’s important
but for me it’s terms
i’m going to use debt i could get a
first from a bank but we’ll need the
seller to take a second
to be clear on this second i want to put
this all out here i don’t want to
surprise anyone
there is a chance if the price is too
high
i may need the second to be at a low
interest rate maybe
maybe as low as one percent
i don’t know we have to do the deal
remember i have to be able to hold it
forever
so maybe you get sixty percent of the
cash today
and then you hold a note at one percent
i don’t know we will work on this
together this is not
it’s it’s very simple math i can either
hold it long term as a rental or i can
and there will be times if the price is
too high where we have to get low
interest rates on the second but again
it won’t be a surprise to you we will do
the math together everything is above
board and if you don’t like it
don’t sell it it is totally okay all
right
so again by doing this deal structure
agents
agents
you get your commission
a lot of real estate agents i talk to
think seller financing means you don’t
get paid
i would never do that to you you bring
me a lead as an agent we will get you
paid
shoot if it’s an off market deal
and the seller doesn’t want to pay you
and you bring it to me
i will do the deal where i pay you
real estate agents get paid by working
with one rental at a time
so again
i brought you this
brought you this fact about six weeks
ago
i believe this strategy for me
will acquire 10 15 20 homes duplexes
quads
over the next couple of years
i think you and i will be speaking about
this over probably the next year and a
half
the first time i put this out there a
lot of you are like
nobody will do that
well i have been through this market
cycle before i know the market cycle is
changing and as time goes by and you
have a listing with no offers
i can help you so here’s the deal
in order for this to work
this strategy that you and i will talk
about i would tell you the owner
the owner needs about 50 equity
they need about 50 equity
if you are somebody who wants to sell
and you just don’t have equity you have
5
or less we can work on other things i’m
happy to have those discussions with you
but rest assured
i am a buy and hold investor
fresno california
if you and i work together it’ll be all
above board
i must cash flow day one
i don’t bet on appreciation i want to
hold these assets for decades
so
if you want to get out
if you want to sell if you want to sell
with a known entity in fresno you can
check me out very easily i’m very well
known in that market
you can reach out to me here on
instagram you can email me off my
website
but rest assured we are going to buy
these deals deals this way
i would love to work with you either
directly as an agent
or directly as a homeowner
if you have any questions
leave them below
i’m here to help
i want to help you sell
i want to buy some more if we can work
out a win-win transaction that we’re
both happy with great
if if we can’t work it out
no harm no foul i don’t have to buy
i don’t have a team i don’t have
overhead
if it works out great if it doesn’t work
out
totally fine so if you want to know that
a buyer that is still buying in fresno
california you are looking at them
i buy with very certain set of criteria
but i am here i am still buying
i’m not selling all right everybody have
a wonderful day we will do the daily
financial news at 7 30 a.m take care
bye-bye
you