Advanced Creative Acquisitions Day 2

Master the process of purchasing property in creative ways that allow you to help the seller and still make a profit.

17
Hrs
Mins
Secs
4
18
50
SEGMENTS DURATION
More Classes
INSTRUCTOR

Chris Albin

With an established real estate portfolio of his own, Chris is the owner of over 100 investment properties and manages many more. Chris’ background as a high school English teacher and wrestling coach, as well as service in the United States Marine Corps Reserve, has given him a strong foundation in education. He holds a BA with Teacher Certification from Eastern IL University. He has purchased over 200 properties on a teacher’s salary, and used multiple, creative strategies in doing so.

Description:

  • 1

    Introduction and Advice

    Review real estate investment concepts from previous classes and understand how to make effective offers to sellers by explaining numbers with transparency and credibility.

  • 2

    5 Ways To Do Subject-To

    Learn the five patterns of a "subject to" real estate transaction strategy and how your choice should be dictated by the seller's equity in the property and their perceived challenges (financial or otherwise).

  • 3

    Subject-To Questions Part 1

    Chris tackles topics like how to negotiate with lenders on distressed properties, settle mortgages and liens, gain equity and profit and circumvent potential risks like due-on-sale clauses.

  • Show all 17 segments

    • 4

      Security For Seller

      The instructor discusses the intricacies of handling sellers in real estate transactions, focusing on "Subject to" and "Wrap Around Mortgage" options.

    • 5

      Subject-To Questions Part 2

      Chris discusses how you might buy a property with no equity from a distressed seller, make payments on their mortgages, and eventually flip it to an end buyer.

    • 6

      Land Trust & Due On Sale

      Understand how the land trust is not always truly effective at avoiding the due on sale clause, and can potentially lead to legal complications.

    • 7

      Wrap-Around Mortgages

      Our instructor focuses on the difference in these creative acquisition strategies of the traditional wrap and the mirror wrap.

    • 8

      Break-Out Session #3

      Studio attendees calculated the monthly payments of two potential home purchase scenarios that included various down payments, interest rates, and seller carryback agreements.

    • 9

      Subject To Questions Part 3

      This segment emphasizes the importance of understanding the seller's challenge, presenting solutions, and maintaining a resourceful attitude. A key focus is on leveraging with retirement accounts and HSA's using non-recourse financing strategies.

    • 10

      Section 8 Housing

      This segment elaborates on a case study of a real estate investment using a wraparound mortgage strategy, highlighting the significance of understanding market dynamics, number analysis and property cash flow potential.

    • 11

      Financing Your Acquisitions

      Understand conventional financing (the key factors for approval, the lending system in the U.S, and banking operations), as well as alternative strategies when conventional loans are not feasible.

    • 12

      Combination Example

      In this example from New York, investors used a creative approach to acquire a four-unit rental property using a combination of conventional loan, a second mortgage, and a cash payment.

    • 13

      Private Money Financing

      Learn some of the motivating factors for Private Money lenders and how you can provide comprehensive information to gain their trust.

    • 14

      Hard Money Financing

      Hard money lenders are primarily interested in the asset, rather than credit and often entail payment of "points," charges on the loan-to-value ratio, and a limited time frame for repayment on a specific project.

    • 15

      Private Placement Memorandums

      Private placement is a means of raising capital by selling security membership of an LLC, often used in real estate like a REIT.

    • 16

      Recap and Closing

      Chris presents a final breakout session and leaves students with an inspiring story and encouragement in their real estate investing endeavors.

    • 17

      Post-Assessment

      Take the Post-Assessment to see how much you've learned!

  • 17

    Post-Assessment

    Take the Post-Assessment to see how much you've learned!