Title | : | How To Buy A House With No Money Down |
Lasting | : | 11.30 |
Date of publication | : | |
Views | : | 98 rb |
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Hey Doug, I live in Hawaii Want to help me?😂 Comment from : Tina Woodward |
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Doug, what if the seller doesn’t owe anything on the house? Does that help or hamper my offer? Comment from : Hernan Colmenero |
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How do you create the contract with that kind of deal? …Don’t get me wrong sounds good you will still have to pay attorney fees and also the house won’t be under your name How you refinance? Comment from : Paola Bardales |
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Subject to and seller financing! Excellent!! Comment from : Ruby Haq |
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How would I write the contract to force a discussion? Or it just a verbal offer? Comment from : Eric Robinson |
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So where is the 75 percent interest getting generated from? Are you basically using an IUL that you had funded prior to the transaction and taking a loan against it to pay the interest amount, ans your son assumed payments to the seller in an agreement to pay through a third party? What did I miss? Comment from : magyarian1 |
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My stupid brain still confusing How can’t I not put down 💸at all? I need HELP so badly right now cause I am renting this house since 2013 and got a bad news this morning that the landlord wants to sell it in two months 😢 I never owned a house and all I wanted now is to buy a house but I have no money Everywhere is skyrocketing right now in Tampa, Fl 🤦♀️ Comment from : Mtunliksa |
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The person would have more money if it would of been a 7 percent on the whole 160000 he didn’t know he’s numbers Comment from : Evelyn Soto |
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How do you find for sale buy owner Comment from : l mays |
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It’s an interesting concept, how does this work over a real estate bear a market? Comment from : The Wealthy Idiots |
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Try to teach people rather than showing off Comment from : Habib Khalid |
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What contracts would I need for this strategy? Comment from : Timmie Waters |
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Could you make a video on investment mortgage for rental purposes Is it possible to buy a property and make sure that the rent covers mortgage cost and any additional fee like maintenance fee and taxes ? Comment from : fojeba |
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Dear Sir, you are an absolute genius, thank you for sharing this strategy Comment from : annesley rademeyer |
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70k subs is too small , people are crazy for not subscribing you Comment from : NeniComixTV |
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I liked the idea, how your son could cash refinance, when house is still in the name of old owner ? Comment from : shaival satyarthi |
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House's in NY ,Brooklyn, Queens is ridiculously high for low quality Im talking about a 40 to 70 year old house for 1mill How do I get around that Comment from : Realsteel12 |
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The main issue is realtors You have to be able to talk to a homeowner directly to create such a deal and a realtor does not want this to happen Comment from : FactsPirate |
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So the lender allowed them to transfer the ownership and debt to your son? Because he needs that to get the cash out loan Comment from : The Okie Entrepreneur |
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I'm interested Comment from : Rosie Santana |
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I'm assuming you drew up the contract yourself Where would a person that does not know how to formally write a contract go to when buying from owner? Comment from : Journey with Jen ☀️ |
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How can I have a conversation with you?brbrhow would this work to build a home? Comment from : Jels |
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One of my favorites of yours! Comment from : Ali Barr |
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where to find such cheap house in California? Comment from : Li Ming Gao |
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U forgot to say “you gotta be white” Comment from : Locdness Monster |
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Paying on $120,000 mortgage, how is that 0 DOWN payment ? Comment from : Adnan Khan |
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Thank you 😊 never understood better than now Comment from : Hilda Villalta |
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I’m 21, 756 credit core, do have a financed car and money saved up need some help for the next move want to get out my parents house Comment from : Randomness |
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Please help me do this I have 5 girls and im tired of paying rent and having to move a couple years later with nothing to show Please 🙏🏼 Please Comment from : Loki |
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I understood perfectly 😅 Comment from : TallNerd |
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The problem is how the seller could trust you with the credit you write, I don’t think this sounds possible for majority of people who don’t have the down payment Comment from : 台韓夫妻在加拿大的新生活 |
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i dont understand what it means that they would credit him 75 on the 40k in equity tho, how did that work ? they would pay previous owner each year or what? would he be making payments on that too?? Comment from : LimitedTimeEnt |
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So how do you structure a contract of such a deal? Comment from : Willy Gitanga |
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Did the owners just sign over ownership to your son ? Comment from : Lasi Fulz |
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So I think it is important to decide what a home is to you what it looks like and what about forever homes would this formula work or does one need to keep moving… Comment from : Ubergirl Barbara |
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This sounds good could you send me a contract!!!! Comment from : Ubergirl Barbara |
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Ok, what the hell are you saying again? Comment from : Javier Morales |
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AWSOME Comment from : Emma Madison |
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In the long run, didn’t the son have to make larger interest payments? Mote than he would have than if he had mortgaged it from a lender? Comment from : Chris C |
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I have to sign a new lease on apartment, I'd so rather buy a home ASAP Comment from : Shelli Mendoza |
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For the regular folks saying this is impossible to do, please stop thinking like that you limit yourself from opportunities If you are scared do some more research I promise you this video is just a kickstarter, once you build the foundation you will be able to do it Comment from : Miguel Barahona |
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Great advice 👍 Comment from : BankSy Volare |
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Still didn't actually say how to get the house if you're broke Comment from : Natures Dream |
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I’m confused on the equity How does it go from 1 to 7 does that 7 come in the monthly payment? I’m confused, Comment from : Erick Martinez |
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Amazing breakdown, true pro Comment from : Al Bongo |
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Any suggestion for asset-rich retired folks? For example, we have $25 million in retirement funds and a $400,000 house that was paid off years ago The problem is our DTI is > 40 so we do not qualify for a traditional mortgage We choose to limit our income because we do not have any major expenses and we save over $25,000 per year in health insurance premiums via Obamacare and our tax bracket is 12 We are keeping our house that we own outright for our children and not selling it in the next five yearsA Roth IRA would be a good solution , but my corporation did not have one We could easily increase our income, but that would change our tax bracket from 12 to 24 and we would have to wait to 2023 for a higher income history to get a traditional home mortgage Comment from : Missy Skeeter |
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This is so situational Comment from : amaryon bates |
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I'm trying and I need help I dont know where to start or who to trust Comment from : Ellen Fern |
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This makes a lot of sense One of those thinking out the box situations Comment from : Juan Ortiz |
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That's very interesting Please tell me how do i get Láser Fund? Comment from : Nelson Valladares |
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Information is very very important Comment from : John Hands |
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@Doug can you please show me how to do this I'm based out in Massachusetts Comment from : Yves Valentine |
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Wait What Comment from : Diamond Raven |
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Help me buy a house please lol Comment from : inside Bre And Jarrel |
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Wish I had that kind of help Comment from : Wabajack |
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Most all mortgages have a "due on sale" clause How do you get around that? Comment from : Mies G |
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My dream is to buy a home My family have always bought mobile homes and I want something solid to pass down I am always good on my bills but adult life tends to get in the way of me saving up more than $1000 I would love to get some mentorship on how to apply this method to my own situation Comment from : Aimie Mills |
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I must be high because I still don't understand how you promise them 75 on their equity and where that will come frombrI want to quit my job and do this but I'm not completely sure what to do Comment from : Nathan Thompson |
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This may be good advice for someone who's a professional financial adviser Ordinary people would have a very hard time convincing a seller to trust them to build on the equity of their former home Comment from : Bradley P |
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i dont know were you from, but here in canada no money, no candy thas it Comment from : tomy alain |
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For all the right reasons this all comes across as wrong … so good luck ! Comment from : Francesco GS |
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this is possible but I think depend so much on the circumstances wont work everytime or in big market Comment from : JTN |
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Great video! Comment from : Garry Armstrong |
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You knock it out the stadium man !!brCan you explain the final process how to legally the arrangement and terms ? brExcellent content man 👌 Comment from : Fco Ricardo Conchas |
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Still made no sense 😥 Comment from : blue sapphire |
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Go Doug!!! This is Brilliant!!!! Good Deal! Thank you so much for this amazing info!!!!❤️❤️❤️❤️🥳👍👍👍Now we can learn how to get more done with little effort! Comment from : PS DaCharm |
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Nicely explained to understand Thank you Comment from : Esther Jaedi |
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Holy Molly ! I just found my long lost Financial God Father!!🤩Amen Comment from : amber hill |
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There’s a hint of Jeff Goldblum in your voice Comment from : Cameron Gampp |
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Dont you have a profit taxes? Comment from : Dzenan Sijkovic |
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Buying a house by magic Comment from : Anastasia Kolomoytseva |
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Can you help me Comment from : Zahira Sohan |
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Where are you located , I am in New York Comment from : Zahira Sohan |
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I'm a new subscriberbrThat's amazing💝 Comment from : Victoria Papesh |
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How do you find those properties? Comment from : David Cascone |
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Is there websites to find fsbo (home owner) listings ? Comment from : Mami |
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I’m lost… I don’t have any money I just want to know how to get a house with now money down Comment from : Jennieve Barrett |
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Andrew will you have a step by step course teaching us how to do this? Comment from : annie lin |
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I live in Brooklyn New York, can I purchase a property in Nevada or Arizona? Comment from : annie lin |
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Is this still possible Andrew in 2021? Comment from : annie lin |
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It’s not that sample Comment from : Carlos Orantes |
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Can I do this in Germany legally? Comment from : He Breathes |
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Does not make sense Comment from : ArañaBélica |
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What is a laser fund? Comment from : Harith Alwan |
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is in your example does that mean the percentage I would have to offer the seller is a higher interest than the current mortgage on the equity or as long as it is higher than their alternative form of passive income ( in this case bank interest) Comment from : tekstyle38 |
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75 on the cash out refinance on 230,000 is 172,500 So how did he pay off the 70,000? Needs $190000 right? Comment from : Ice Cold Takes |
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I'm bit confused ( not being very mathematically minded) does your son credit them just the 7 and half percent ? ie 30,000 of the 70,000 So as well as the 120,000 he also has to pay 30,000 (7 half percent) does he have to pay the 40,000 also ? How were all these payments made ,? monthly to the previous owner? How much per month or was the 30,000 payed in one chunk ? How do you do the mortgage contract do you use a soliciter ? Comment from : Ecologygarden |
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Gotcha so you figure out the equity tell them you will pay them 75 on that equity in trade for the house essentially I guess there has to be a good enough reason to get paid interest on that equity huh? Is this a successful method most of the time? brbrThanks! Comment from : Austin SOLDano |
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Can I work with you? Comment from : Happiness is present ICU 행복한 하루 |
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This doesn't make sense to me 1 Take over the Mortgage payments?, 2 Get a mortgage in the future so that you can pay the original owner more than $40,000? Comment from : OU8Aspark |
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Yeah because this situation just falls on your doorstep! How many REAL people would agree to this Comment from : Jack Gardner |
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That was a very interesting video but I still don't understand how do they get their money? Comment from : Millz Black |
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Wheeeweeee He is so smart! Comment from : Relaxation And Meditation Sounds |
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Isn’t this how the so called “Sub-Prime” crash started in 2008? Too many penniless wide boys wanting to make easy money with no deposit Comment from : mostlykeith |
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Vid starts at 5:00 Comment from : Tony Montana |
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My question is how the seler paid $120,000 to bank they owed?brbrOr your son did subject to deal ? Comment from : Mustafa Coskun |
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