Virrudh – Episode 46 – Full Episode

18 comments

• Comment by
  aliplayer786
  27 Jan 2012
  
  

  wheres episode 45
• Comment by
  STREAKER123
  27 Jan 2012
  
  

  Ehh just leave it all. You’re golden with owner financing!!
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @ColinRemaxNewstyle – YES!!!! You can use this strategy in Canada!
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @gcuffe – Great question. I live and invest in Austin but I have also used this strategy all over the US. We have students in all 50 states. This strategy works great all over the US and Canada!
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @y2knoproblem – Great question! Have you been through my free 5 video training series? I cover this in detail. You can click on the link below the video to see all of the details. You do not need to have the bank change anything. Check out my videos and let me know if you have any more questions.
• Comment by
  y2knoproblem
  27 Jan 2012
  
  

  How do you get around the Due-On-Sale clause found in most mortgage contracts? I have not found any lenders willing to remove that feature.
• Comment by
  ColinRemaxNewstyle
  27 Jan 2012
  
  

  @TheREIMaverick How about Canada?
• Comment by
  ColinRemaxNewstyle
  27 Jan 2012
  
  

  @TheREIMaverick How about canada?
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @philc598 I can make money in real estate almost every day of the year. You are good at correcting my math, but can you close multiple real estate deals per week? I would rather be rich then right on the internet
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @mpainter3 Thanks for the comment! I completely agree with you. There are a ton of deals out there right now!
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @ben573481 Interesting question. Do you currently invest in real estate? From your question, it does not really work that way. When talking with the seller there are very specific reasons that they needed to move now. They could not sell the house to a conventional buyer because no bank would finance the current condition of the house. You would have to be a cash buyer.
• Comment by
  TheREIMaverick
  27 Jan 2012
  
  

  @gcuffe GREAT question! You can do this in ALL 5o states! All you have to do is go to REIMaverickDOTcom and see my 5 free video series on exactly how I train people to do this in all 50 states!
• Comment by
  gcuffe
  27 Jan 2012
  
  

  are all the homes that your students are getting in the Austin area?
  What if someone doesnt live in Texas?
• Comment by
  chiquettethedeadpoet
  27 Jan 2012
  
  

  good stuff man!!!
• Comment by
  ben573481
  27 Jan 2012
  
  

  Question, why does the current owner want to sell at $69k while it is valued at about $115k? if it is really at $115k, he could sell it at $85k and let people bid up another $10k easier. Thanks for the great video.
• Comment by
  mpainter3
  27 Jan 2012
  
  

  Awesome deal Phill!! Its amazing how many deals there are right now. We are buying everything we can get our hands on!
• Comment by
  philc598
  27 Jan 2012
  
  

  $66,000 existing financing plus $4,000 cash = $70,000. Plus five or six thousand for repairs = a cost basis of $75,000 or $76,000. NOT $74,000!

  You really don’t know how to add, do you?
• Comment by
  philc598
  27 Jan 2012
  
  

  $66,000 existing financing plus $4,000 cash = $70,000, not $69,000.

  And I didn’t even need a calculator!

  You need an accountant to do your adding for you!