Investing Subject to - Real Estate Investor Tips for Subject to Investing

the next question will be answered in 20 seconds by our host Marko Rubel a self-made millionaire who bought and sold over 300 properties he is one of the foremost experts in front of the national real estate investors Association representing forty thousand investors nationwide he's listed in prestigious who is who and well known in the business world here is the next question from our listener uh Sarah is asking in your education phase on the subject to buying the house subject to drawing when you're explaining that your company is making the payment do you do any harm if you say your company makes the payment until we get the buyer refinanced and take your loan I'm not sure if I understand this question I mean this is a great question but let me just make sure i understand it properly because what you're saying is here is itkay to say that your company is going to be making payments is mike is that what... uh yes that's correct is it okay to say your company will be making the payments until your buyer that you get refinances and and takes you know pays the existing loan off look it's not only that that's okay but that's the only way to do it because if you're buying a property subject to all and you getting the deed from the seller the seller is trusting you he's not trusting you know the buyer that you will possibly find to put into the house so you definitely gotta say that your company is making the payments I never even mention my buyer the buyer is mentioned very slightly because don't get in too much into your business because more you tell them about your business more different things they can see and reasons why they could say oh you know we don't want to do this because things will go wrong they don't need to know all these things about your business who you're going to put in the house how you're gonna do this that's your business so don't even go over over telling them that but what you do need to do you know and while you're talking about the buyer is when they ask oh what are you going to do with the house it's okay to say we network with different companies in the area there are people relocating they send us buyers we put them in our houses and then we finance them later i mean that's what we do. but it's enough to say that about everything you're gonna say about it don't go more into saying you know and they buyers gonna be making payments to us guys remember less is more you don't you guys creating objections by talking about things there are not place to be talking about if I'm telling you when I'm sitting i don't talk much you know you start talking all you know the buyers and buyers they have problems today and you know sometimes they need time to fix the credit and you start talking about all these things the seller is just listening getting scared or looking for possible problems you know to defend himself and finding the reasons do not do it and then you don't have enough time to explain those reasons and handle the objections and then you get no right so keep it simple short and simple and obviously all companies making payments you know its obvious yes that is exactly my comment on this is you need to keep it simple and not complicate things and just let them know what they need to know and don't give them little things to think about yep right on for free real estate investment training and free money making resources go now to WWW dot real estate money dot com