The Sub2Deals Show

Are you ready to close your own Sub2Deals? Should you even be closing your own Sub2Deals? I've been in the real estate business for 20 years now, so yes, I do close most of my own subject to deals. Now, I get asked this question a lot: "Can I close my own sub2 deal?". It really depends on whether you are ready, if you what to prepare and how, and if the circumstances are right. For example, you should never close for a friend or another investor because you could be charged with practicing law without a license. If you feel you're ready to close your own deals there are a few things you'll need to know. You'll also need to prepare a few documents. I'll list them out for you in this episode and give you a few tips on what you need to look out for when closing your own deal. In this episode, I'll share: When you should and should not close your own deals. Summary of the process for closing a deal. What documents you need to close your own deals. Join us on Facebook at the "Subject To Real Estate Forum with William Tingle" for more insights & information on subject to deals! You can get in touch with me if you have any questions via william@sub2deals.com.

Taxes and Entity Structure for Real Estate Investing What kind of entity do you need to set up for your real estate investment deals? When should you set it up? How should you structure it? Should it be an LLC, a trust, or a regular corporation? What kind of taxes will you incur? I love doing Sub2Deals but I'll be honest the subject of taxes and entity structure put me to sleep. While I've got everything set up for my business, I get a lot of questions about these two topics so I thought I'd bring on an expert to talk to you about it. This week our special guest is Bill Walston, a CPA and property investor with 30 years of experience. He'll explain to those getting started what you need to know about setting up your real estate business. Bill shares what kind of entity is best to set up for tax purposes, how you would want to structure it for your real estate investments, and the key mistakes most new investors make when setting up their companies. He also shares which state you can set up your entity in to minimise both federal and state taxes. Listen and Learn [smart_track_player url="" image="http://podcast.sub2deals.com/wp-content/uploads/2018/11/1400x1400.jpg" ] What you will learn In this episode, we cover the following about taxes and entity structure: Which entity structure is best for your real estate business - LLC, Trusts, S-Corp, C-Corp or Sole Proprietorship. What tax implications each entity bring with it. Steps to take once your entity structure has been set up. What states you can set up in to maximise your investment profits. When and which professionals to get help from for your real estate investments. Mentioned in this episode For more information on taxes and entity structure for your real estate business you can get in touch with Bill via the options below: Email: Bill@billwalston.com Facebook: Send Bill a private message Website: https://billwalston.com/about-bill/ Join us on Facebook at the "Subject To Real Estate Forum with William Tingle" for more insights & information on subject to deals! Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast! Like the podcast? If you enjoyed this podcast, please leave a review below, and share it with your friends in real estate using the links below.

What's a good investment model to follow? Where can you get leads? Do you need high-tech marketing to get deals done? This week I speak to Real Investor, Andy Kiel! Andy is an experienced investor who's seen the tough times of the financial crisis in 2008. While those weren't fun times for him he has bounced back. A few years back Andy decided to change up his business model to seller financing only. Now, Andy gets properties subject to and fills them using long term lease options. He's got 33 properties in his portfolio and its growing. With 20-over years of experience in the industry, Andy shares his tips on how to get leads, market on a low budget, and fill properties with above average rentals. He also shares some advice for new investors waiting to get started on their investment journey! In this episode, Andy shares: His business model for property investing. Where he gets most of his leads from. How he fills up his properties with lease optionees who pay above average rentals. How he evaluates whether to close deals or not. Join us on Facebook at the "Subject To Real Estate Forum with William Tingle" for more insights & information on subject to deals! If you'd like to try out PropStream click on this link to get a 7 day free-trial. Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast! If you enjoyed this podcast, please leave a review below, and share it with your friends in real estate using the links below.

How can you make amazing amounts of profit from low equity deals? About nine years ago, I decided to simplify my business model, so I came up with a strategy to profit from low equity deals. I've refined it over the years but the basics are that I buy homes subject-to and I sell them using owner-financing. Of course along the way, I've developed certain criteria to find the best deals. On this episode, I'll walk you step-by-step through the numbers of one of my low equity deals. You'll want to listen because this house was worth $177,000 and I made about $60,000 profit from it within 36 months. In this episode, I'll share: The best price range to buy homes at. How to ensure you maximize the back end profits. How to set interest rates on your deals. What level to set the property price at when selling it. How to increase your chances of cashing out of the deal within 36 months. Join us on Facebook at the "Subject To Real Estate Forum with William Tingle" for more insights & information on subject to deals! You can get in touch with me if you have any questions via william@sub2deals.com.

Feel like you don't know enough to get started? Afraid to go out and meet sellers? Waiting for the right subject to deal to come to you? If you're still waiting to make a move on your real estate career with subject to deals, you'll definitely want to listen to my interview with Lara Kimbrell! Lara got started doing subject to deals just over a year ago and she's killing it! She has made 20 deals with plenty still in the pipeline! All without any training courses or even a mentor. She just knew she had to turn her life around and she knew she had found the right vehicle to do it with! I speak to Lara about why she got started and then I dig into how she learned how to execute sub2deals. She shares the system she created to find leads in Dallas, Houston, and Fort Worth, and how she's already begun helping others start their own subject to journeys! In this episode, you'll learn: How you can get started making subject to deals with no background in real estate. How to generate leads for your Sub2Deals. What tools you can use for your subject to business. Join us on our Facebook Group, Sub2Deals Forum, for more insights and information on subject to deals! If you'd like to try out PropStream click on this link to get a 7-day free-trial. Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast!

Have your sellers ever asked you what a "subject to" deal is? Not sure how to explain it to them? Or do you confuse them when you explain what you do? I understand that subject to deals are difficult to explain when you first get started. The best way to explain subject to deals to your sellers is to make sure you keep it simple and straightforward. Leave out all the jargon and technical terms! If you confuse your seller that's one of the quickest ways to lose the deal. There are usually a few questions that any seller will ask so I've made a list of the 6 most frequently asked questions and how to answer them with confidence and honesty while keeping it simple. This will help you gain the trust of your seller. If they still don't trust you - walk away! Because you never want to do a deal with someone who is not comfortable with you! In this episode, you'll learn: What 6 questions sellers frequently ask. How to satisfactorily answer these 6 questions. How to prepare yourself to have these conversations with your potential sellers. Join us on our Facebook Group, Sub2Deals Forum, for more insights and information on subject to deals! Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast!

Do you ever feel like you're playing the game Survivor with your sellers? Do you feel like your job as an investor is to outwit and outplay all the sellers? Do you ever feel like a predator? You know, I've actually been called a predator before and as a real estate investor that is the last thing I want to be. The majority of real estate investors think it's about outsmarting the distressed seller and leaving them worse off. This is what most of them teach too. But you know what? There's another, better way to do business that will not only bring you more business but create a win-win for you and the seller. As soon as I changed how I saw my role as a real estate investor things started to turn around for me. The number of deals I did sky-rocketed. I'll share how a change in your approach and mindset to help sellers in distressed situations can make this job so much more satisfying and fun! In this episode, you'll learn: The approach to take with every deal. To create long term partnerships that will bring you future deals. To change the perception of real estate investors from predators to heroes. Join us on our Facebook group for more insights and information on subject to deals! You can get in touch with me if you have any questions via william@sub2deals.com. Curious about the group coaching with me? Visit our website for more details or to sign up today! Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast!

What You Should Know When Selling with a Lease Option Wondering how to sell with a lease option? What should your contract include? How much fees should you charge for an option? What's the best lease option strategy? You all know I'm a big fan of owner-financing and this is how I do all my property deals. But another way to do a subject to deal is through a lease option. Since I don't sell using lease options, I've brought on a special guest, Bill Walston. Bill is an accomplished property investor with 30 years of experience. He walks you through some important things to know when selling with a lease option. Bill shares information on tax implications, option fees, and what to include in contracts. He also runs through whether you should use rent credits, and a simple strategy he uses to turn lease options into owner-financed deals. What you will learn In this episode, we cover the following about selling with lease options: Contracts - what to be aware of and what to include. Option fees - how much to charge your tenants. Tax implications of selling using a lease option vs. owner-financing. Rent credits vs. seller concessions. Strategy on turning a lease option into an owner-financed deal. If banks view a lease purchase as refinancing. Where to find good optionees. Mentioned in this episode For more information on selling with lease options you can get in touch with Bill via the options below: Email: Bill@billwalston.com Facebook: Send Bill a private message Website: https://billwalston.com/about-bill/ Join us on Facebook at the "Subject To Real Estate Forum with William Tingle" for more insights & information on subject to deals! Subscribe and leave a review on Apple Podcasts to let us know how you're enjoying this podcast!

Worried about your tenants not paying? Afraid of the costs and hassle of taking non-paying buyers to court? Wondering if there's a simpler way to deal with non-payers? There are many questions that you'll ask when doing deals. But the one that worries most people is, "what if the tenants don't pay!" This is especially relevant if you're getting into the property business when you don't have much money. Well, it's good to ask the question but it's even better to have a well-thought-out plan for your Sub2Deals to help solve this problem. And trust me, it will! I've found a few strategies to troubleshoot and solve the problem of non-paying tenants. I'll share with you my tips for dealing with non-payment and give you my secret which I call the "cash for key formula". Additionally, I will also share with you how to minimize non-payment in the first place! In this episode, I share: How to reduce the frequency of non-payment. Steps to deal with non-paying tenants. What the "cash for key formula" is and when to use it! Have questions non-payment? Join us at the "Subject To Real Estate Forum with William Tingle" and ask away! If you're looking to learn more about subject to properties then get my Ultimate Sub2 Guidebook. If you would like to learn more about subject to deals, check us out at Sub2Deals.com. Want to use Clear Now: the company that collects payments for you? You can get a free two months with them here. Subscribe and leave a review on iTunes to let us know how you're enjoying this podcast!

How do you market for a Sub2Deals? What kind of marketing can you do to find deals? What are the most cost-effective marketing methods? Marketing is important for any business and that includes your real estate business! Some people say old school marketing like bandit signs, flyers, and pens are no longer useful. I disagree - all marketing will help establish your branding. Strong branding means you've got credibility which will help in your search for good deals. Since, I do deals remotely so I don't use old school methods of marketing as much. But I've closed so may deals through old school marketing like car magnetics that I still believe they're powerful. If you're operating locally, then you should continue old school marketing methods, and incorporate some new ones. There are 3 marketing methods that are working well for me and cost almost nothing. If you're starting out and have a small budget you'll want to listen closely to these. I'll share those with you in this episode. In this episode, I share: Which old school methods of marketing I still believe have a good chance of generating leads. Which methods have minimal or no costs. The 3 marketing methods that are working the best for me right now. Have questions about marketing for deals join us at the "Subject To Real Estate Forum with William Tingle" and ask away! Curious about the group coaching with me. Visit our website for more details and to sign up today! If you'd like to try out DealMachine click on this link to get a 14 day free-trial. If you'd like to try out PropStream click on this link to get a 7 day free-trial. If you would like to learn more about subject to deals, check us out at Sub2Deals.com. Subscribe and leave a review on iTunes to let us know how you're enjoying this podcast! If you enjoyed this podcast, please leave a review below and share it with your friends in real estate using the links below.