Creative Financing Comparison (Owner Financing vs Subject To vs Contract for Deed vs Lease Option) 

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Once again Phil--- FABULOUS information. I buy houses and sell them on lease options. Everyone wins if they do what they agree to do.

Phil, the more gurus I watch, the more I realize you're one of the few out there giving top notch info. Thank you!

Subject To and the combination of Owner Financing and Subject To has been a game changer for me, specially in my market on where house pricing is HIGH and the traditional 65% offers on $500k houses will not work.

Great video. I watched it before but I have since then put a property under contract using seller pfinancing. Now everything in the video makes more sense to me. I especially appreciate the insight as to why seller finance and subject to favors buyers while lease options and to a lesser extent contract for deed favors sellers.

Just found this channel. Best expert ever

Hi Phil, good to see you again... You have been my menthor since starting my property career here in the UK... We work in a different environment , and in the UK, We have to remortgaging every 5 years... Subject to, doesn't work... What a shame... Cheers

Great job Phil

Phil we need you... stay consistent!!! bro, i be waiting for you to drop videos.

Great stuff!

Good as always phil- you know i roll cash only- but still love all your video's Your awesome and the best

So inspiring! Phil, please contact George Gammon and get on the roster for the rebel capitalist live event in Miami this June. Your presentation would be so welcomed!

In my state of Colorado, there is a little known law that requires installment land contracts (contract for deed) to escrow the property taxes with the public trustee of the county in which the property is situated. There are severe penalties for violation.

Good video. One of my favorite strategies is buy, and re-sale as-is with owner financing. I can keep the note for cash flow or once seasoned sell the note to realize my profits.

Great video,,, i

Loved this one. What would you say about wraps and where does buying on a Wrap or selling on a wrap fit into your spectrum of better for buying or selling? I have heard people say buying on a mirror wrap is best for long term subto deals. That way they have a note to show debt is being paid if they want to get another home.

I think this happened to me when a tenant burned my house and was growing pot. Chase bank sent me a letter stating they were foreclosing on the property due to it being no longer insurable. Payments were always paid ahead and I was still waiting for the insurance to pay. Not sure if this is anything close to your opening statement.

Hey Phil, regarding the Land Sale, if the lessee defaults, he may lose his position - its in the law. I'm licensed and its part of the exam. It's a very risky proposition.

What’s the best way to pitch the owner financing ? Just ask ?

I had seller call the bank a year after I owner financed the house and wrapped his mortgage. He asked them to take him off the loan since he had sold the house to a guy and that guy sold it to someone living in it. They called the loan and I called the bank to ask why I'd received the letter requesting the intirety of the loan in 60 days. After a conversation I figured out that the seller had called and emailed them asking to be taken off the loan. The loan was current. I wound up bringing in a private lender and had to unwind the deal to refinance, then sell it back to the owner occupant. Still have that note today. Since you haven't seen this before with the years of your experience I feel lucky to have had to work through it and I'm glad I'll never experience it again. (Knock on wood)

Looks like im first. I missed out on a 5mil deal because i didnt know any creative financing. Never again!

Great info as usual Phil. Is a mortgage wrap and subject to the same animal?

I am dealing with title insurance right now. Hope you do a title insurance info. Wondering what all title insurance covers.

Should you only do Sub2 as an LLC, or can you do it as John Doe as well?

I wish Phil would do a special in living color on ADU's in ski towns of the west.

Jajajajaja! Thanks Phil, you are the Best!

So what do you do on a contract for deed working on Fha loan no they ask about 2 loans against the property and till there paid you can't get your loan

I saw this place. Real cheap. Price $29k. 4 room, 2 bedroom, 1 bath ranch style house featuring 840 feet of living space. Enclosed porch on the front as well as the side. Large deck at the rear. Large storage shed. Property is listed in the DEA National Clandestine Laboratory Registry. No Entry Allowed. A deal?

Is there a way to structure lease option legally in Texas? Do you know of any title company/attorneys that can do this?

God Bless Phil 🌴🇺🇸🌴❤✝️❤🌴🇺🇸🌴

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Hi Phil, How do we deal with owner financing if there are agents involved?

CFD is the way to go in Illinois. Judges here in Decatur, IL side with the landlord every time. Purchase a property for $40,000 sell for $50,000 (EASILY) 10% down, 10% interest over 10 years. Illinoisans get their tax refunds they throw the 10% down and their charged 10% for 10 years and the seller wins. If the buyer faults you literally evict because you have a contract just as of it was a rental agreement. You keep the down payment, all mortgage payments and if they fault you just repeat the process

i thought on a contract for deed you did not get titled to the property until you paid the contract off. in other words,,,, 5 years in making payments and then you stop, the seller could take it back and bank all those payments like a lease to purchase.

What happens if a seller filed bankruptcy after you bought their house via a “subject to”? Can you protect the house you just purchased?

Can someone explain how to work around the insurance issue?

Can I use Lease Option in Texas to sell a house?

Pace morby has had two or three banks exercise there do on sale Claus. He's almost primarily entirely buying houses via subject to. I don't know how many he has bought in total probably 1,000 or more

Why cant you get title insurance on Subject To? Couldn't a title company just order title insurance like in a typical transaction?

If you take over a property subject to and want a hard money loan to do the renovation - wouldn't the lender see that second mortgage show up and call it due?

Phil yo ass wild af

What is the best way to buy a house

My friend David had one called due. Said because he paid with a paper check. I can put you in contact for the details.

whats a llc

Pace Morby said he's had 4 due on sale clauses called on him on subject 2 deals

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I did my first sub2 last year. And I got title insurance and warranty deed

I'm a first time home buyer. I need a property. Let's connect.

"Just Because You Can Make a Livelihood Via Money Doesnt Mean You Should" Because of the Meaning Behind Choosing The List of Tradeoffs There Are Other Ways of Being Employed & Acquiring Livelihood

I’d rather buy bitcoin than real estate at this point

How about don't get marry someone who is bankrupt!

Phill you are so attractive and beautiful I love you