Being a LIENLORD with William Tingle

What if we told you there is a real estate investing approach that could potentially yield even greater returns?

William Tingle, the Host of Sub2Deals.com is a nationally-known real estate investor, investing coach, author and public speaker.

In this episode, William shares a real estate investment strategy that leverages the efforts of others who have taken out loans. By taking over the payments, you can reap the benefits and generate cash flow.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you will learn from this episode for 27 minutes:

Discover the best approach to handling subject 2 deals without encountering any issues with banks.
Learn how you can maximize the advantages of the mortgage paydown by the original borrower and generate additional monthly cash flows.
Find out about three proven marketing strategies that have already been successful for years.

Resources:

Check out Sub2 Deals. Click here: https://www.sub2deals.com/about/

Topics Covered:

01:06 - What led him to the real estate path and how he uncovered sub2 deals

02:42 - Buying Subject 2 houses and the idea about it

05:45 - Citing the due-on-sale clause about subject 2 houses

07:12 - Are subject 2 deals happening in Canada?

11:07 - For what reasons do homeowners sell their houses?[and what the numbers look like if you as an investor assumes the amortization]

14:45 - The length of time the buyer stays in the property before finally buying

16:14 - How things are made easier with owner financing

17:39 - What happens when a third buyer sells the house?

21:26 - Marketing strategies he employs for his target market size

23:46 - Doing conventional marketing still works for him

Key Takeaways:

"When I buy subject two, I get to take advantage of all that blood, sweat, and tears they put into getting that loan. I just take over the payments, I get ownership of the house, but the loan is still in their name." - William Tingle

"We don't do wrap around. We sell on land contracts which we keep legal title, they get equitable title, they get all of the use of the house, they get to write off the tax, and the interest that they pay. They get to have the same enjoyment they would if they were on title, but we stay on legal titles for extra protection for our seller." - William Tingle

"Foreclosures and radio are our biggest producers and we'll buy two or three houses a month just from those two." - William Tingle

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