Learn how to buy a house "subject to" the existing financing
4.0 (306 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,203 students enrolled

Learn how to buy a house "subject to" the existing financing

The absolute easiest technique to buy and sell houses without using your money or credit.
4.1 (306 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,203 students enrolled
Created by James Bealer
Last updated 8/2016
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 3.5 hours on-demand video
  • 14 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
What you'll learn
  • Learn how to buy houses without paying cash or getting a loan
  • Learn how to take title of a house and keep the existing loan in place
  • How to sell for a profit or even move in...if you prefer.
  • Students should come with an open mind and the ability to put the information into action

Welcome to the lesson you will learn to highly advanced technique of real estate investors of how buy houses "Subject To" the existing financing where you can take ownership of a property via the house being Deeded to you while keeping the existing mortgage in place. You never have to qualify for a loan. You never have to complete a credit application and yet the house is yours easier than if you did go through that long drawn out process.

Most real estate investor's that utilize this technique make a minimum of $10K per deal. How's would you feel about doing 1 a month and making more than you do on your JOB? Also, imagine moving into you own house, assuming you don't already have one. How exciting would that be?

Enroll in this highly sought after course and you will learn

  • Step by step process of acquiring the deed on beautiful houses in gorgeous neighborhoods
  • What you need to do business
  • What you'll need to know
  • Setting up your team of professionals
  • How to locate Motivated Sellers
  • What are Target Properties
  • Why it pays to work on higher price houses
  • How to avoid risks and protect yourself
  • The most common mistakes when buying and selling
  • How to Market to and prescreen buyers quickly
  • What documents to use when buying and selling
  • Why you should use a Real Estate Attorney to close your deals
  • How to make $10K a month using just this technique
  • How to outsource 90% of your work

In the past this information was included in high priced seminars. This absolutely qualifies as potentially life changing information in the way you can increase your income and even move into a house of your very own!

Join Us

Who this course is for:
  • You should take this course if you want to learn the easiest way to buy a house
  • You should take this course if you have always thought you could never buy a house because of bad credit or no money
  • You should take this course if you are serious about learning how to make money in real estate investing
  • You should not take this course if you do not have the best intentions in using the information provided
Course content
Expand all 24 lectures 03:16:21
+ Learning How to buy Houses "Subject To"
5 lectures 42:34

This is the intro to buying houses "Subject To" and an outline of what will be covered in the course

Preview 02:13

You will learn what it means to buy a house "Subject To" the existing financing. How title can change and the mortgage is still in the name of the seller and briefly touch on the "due on sale clause"

Preview 08:10

You will learn how simple and easy it is to set up your office and the free resources for you to utilize in your business.

Goal Setting and Intro - Setting up your Office

You will learn that you need a team of Real Estate Professionals typically a real estate attorney, a real estate agent and a Mortgage Broker to assist you with the process of buying, closing and reselling houses when you acquire them "Subject To"

Locating and Setting up your Professional Real Estate Team

You will learn what to look for in a Mortgage Broker. How to locate and prescreen to make sure than can work with buyers interested in qualifying for a FHA backed mortgage.

Finding a FHA Mortgage Broker
+ Marketing
3 lectures 30:02

Learn why you are really in the Marketing business and not the Real Estate business. You will understand that the phone must ring in order to do deals and I will provide the 3 most simple ways of marketing if time is at a premium and you can afford a few hundred dollars for marketing.

Marketing for Motivated Sellers - Intro Bandit Signs

The yellow letter technique started a little over 10 yrs ago and is still running strong as the top direct mail marketing method. Users typically see a 10% response rate but can be costly to implement effectively so utilize this after steady success with bandit signs.

Yellow Letter

This is an underground yet simple to implement way to find deals without paying an upfront cost. Use other peoples efforts to your benefit by making deals out of leads they normally would throw in the trash.

Getting Referrals
+ Leads: Taking Calls from Prospective Home Sellers
4 lectures 46:25

Students will learn how to take and pre-screen calls from people responding to your marketing(bandit signs or yellow letters) to separate the suspects from prospects. Hint...prospects are motivated sellers and NEEDS to sell not just WANT to sell. You should be on the phone 5 mins or less following a script and completing the Lead Property Information Sheet.

Taking Call from Sellers and prescreening suspects from prospects

Student's will learn what questions to ask before setting the appointment to meet the motivated sellers and viewing the house. Making sure all decision makers are present and are agreeable to getting some of the paperwork (you only need 2 documents) out of the way if they like me and my price or terms. Also, what to do if they bring up objections at the last minute.

Setting the Appointment and meeting with the sellers

Students will understand how to complete a standard purchase & sales agreement like a professional. You don't want to appear confused when you are filling it out in front of the sellers. I recommend practicing until you can fill it out in 5 minutes or less. I included a copy of this agreement which can be used in all 50 states.

How to complete a Real Estate Standard Purchase & Sales Agreement

In this lecture I show you how to complete an Authorization to Release Information form. Afterward you want to fax to the mortgage lender to verify and up to date payoff, monthly payment and mortgage status.

How to complete an Authorization to Release Information form
+ Real Estate Attorney
7 lectures 51:53

In this lesson you will learn what documents you need to forward to your Real Estate Attorney to check title and to prepare for closing.

What documents to fax to your Real Estate Attorney?

In this lecture I cover what additional documents to forward to your real estate attorney to review. They include the seller's disclosure (CYA), Warranty Deed, Limited Power of Attorney and Escrow letter. Negotiate a flat fee closing of no more than $1000 and have the end buyer cover all the closing costs.

Additional Documents needed for Closing

This lecture includes a brief recap of previous documents and an intro to the seller's disclosure and why it is used to outline what your intent is and that you are not making elaborate promises.

Intro How to complete Seller's Disclosure.

This lecture included a step by step demonstration of how to complete the seller's disclosure. I have included a copy of the seller's disclosure available for download.

How to complete the seller's disclosure

In this lecture we will cover how to complete a Warranty Deed and actually take title of a property. I usually recommend that you have your real estate attorney complete the Deed but I believe every professional real estate investor should know how to complete a Deed in case of emergencies or in the absence of an attorney.

How to complete a Warranty Deed.

In this lecture we will cover step by step how to complete a real estate specific or limited Power of Attorney. I have included a blank copy for you to download.

How to complete a Specific (Limited) Power of Attorney

In this lecture we will cover 2 ways of handling the home owners insurance when buying Subject To using the limited power of attorney.

What to do about the Home Owners Insurance?
+ Marketing to Sell with Owner Financing
5 lectures 25:41

You have to modify your sales process depending on if the house is vacant (ideal) or occupied. Typically vacant houses allow for a quicker sales process. I discuss what to do in either situation.

Selling the house...Is it vacant or occupied?

In this lecture I provided a sample craigslist to drive calls from potential tenant buyers. This is the same type of ad that I use IMMEDIATELY after I get a house under contract from a seller. I recommend using a google voice number unless you don't mind get calls throughout the day. Use it, It works!!!

Sample Craigslist Ad when Marketing for Owner Finance/Lease Option

In this lecture I explain how to market a house for sale with owner financing using bandit signs. It is a powerful marketing technique and will aid in a quick sale.

Sample Bandit Sign when Selling with Owner Financing

In this lecture I explain owner financing. I discuss what documents are needed to close when selling with owner financing. I also explain which real estate professionals you should have draft these documents and close the deal.

How does Owner Financing Work?

In this lecture I explain what a Lease Option is and how it works including the advantages and disadvantages when selling a property,

What is a Lease Option