Відео

k, so basically NO hoa. ever. who would go through this BS?

Any tax lien and tax deed videos?

Contractors prey on homeowners ignorance about the price of materials and what the labour will entail, how long it will take etc. The urgent jobs, i.e. roof leaks are extremely profitable. I speak from experience. I had one tradie put the fear of God in me when he warned me that my house risked going on fire if I didn't attend to the leak soon. He had hoped to scare me into handing over €15,000 for work that would have cost €2500. It's disgusting.

I'm a Home Inspector and you are absolutely right. I love it when it's raining on inspection day. We can check how the water leaves the roof, where it goes, does water lay along the foundation and property....... Personally I want to see if the culvert at the driveway is working properly.

Thank you for the incredible guidance and advice, Phil.

Bexar County (San Antonio, TX) said nope 👎

How about ponds or lakes, bringing swarms of bugs and smells ..unless maintained and sprayed..

Do I have to give back the extra money on top of the rent? Where do I put that extra money that's being credited toward the purchase? A separate trust account not to be touched until several years later? Do i give it back if they aren't going to purchase the house in the end?

I asked an attoreny here in Texas and I was told rent to own is not allowed in Texas. Another name is Lease Purchase. Is there a way around it?

If this house is my primary residence and I already have homeowners insurance, how do I ask for insurance? I asked my carrier and they said my insurance doesnt cover renting rooms and they would cancel my policy immediately. I would have to move out. I can't live in my primary residence if I'm going to do long term rentals as opposed to short term rentals like an airbnb. I have to convert to a Rental dwelling policy DP1 or 2 or 3 and get landlord insurance. Correct?

Every successful house flipper has a mentor. Get your mentor here: www.freedommentor.com/apprentice/

Thank you a lot for this video. This is very interesting and informative. Keep posting like those amazing videos, this is awesome.

Put it into a Trust.

THANKS!

There is an older home, 1950, that I am thinking about buying to live in. It has newer popcorn ceiling. So it isn't asbestos, but it also has an added HVAC that wasn't original to the house. The unit is not that large and there is black sooty stuff on the ceiling. I just thought it was dust until you mentioned needing the proper size of unit. Can that stuff actually be mold that is being blown out on the popcorn ceiling?

Knowing before the purchase does not change anything. The buyer has the responsibility to fix it.

how should i go about contacting vacant property owners ? Direct mail or cold calling ? What would you suggest ?

I like this man. Very realistic and rational, people tend to be scum. I don't mind it at all that at times in this video you fire your jets: It brings a smile to my face and we are after all talking about a important thing, financially and otherwise. Keep doing the good work!

As for myth number 2. As an appraiser I ask for the Contract of Purchase and Sale to review if there are any terms or conditions that would effect the purchase price. If the lender says no to my request then I document that in the report that I asked and my request was denied. Then the loans officer can deal with their bank auditors when this comes up. If an appraiser is selecting comparable sales to justify the purchase price that is against their appraisal institutes standards and the appraisal should be sent off to their governing body and they will investigate your claim and if this is found to be the case the appraiser will face disciplinary actions that may include fines and educational courses that they have to undertake. The appraiser is to select comparable sales that are the most similar in physical and locational aspects to the property being appraised. If an an appraiser is not doing so and is diving for a number it is very obvious in the report. I have reviewed hundreds of appraisal reports and when this is the case it is extremely obvious as the adjustments are not logically and consistently applied. It is glaringly obvious. Toss the appraisal and get a different one or have another appraiser conduct a technical or market review of the appraisal. When I am doing an appraisal for a sale I will state in the report the market value range for similar properties, if the purchase price is within that range I will then communicate to the lender, after concluding my tests on value, that the accepted offer to purchase is fair, equitable, reliable and reasonable for first mortgage financing. Sometimes such as in a hot market I will explain that the property sold at the high end of the value range. Or in a declining market that it sold in the lower range but the sale price still lays within the market value range and is still reliable for financing. The lender is the underwriter not the appraiser - if you disagree with the appraisal - then don't lend on it. Myth #3, what you are speaking about is marginal diminishing returns. The problem is that three comparable sales will not necessarily show this on a price per square foot basis due to adjustments such as surplus lands, inground pools, tennis court. The comparable sales show a range of per square foot rates but this should be cross checked against the time adjusted historical sales of the subject property as well as the median price of similar homes in the neighborhood. The price per square foot indicator may only be used as a cross check to the value conclusion which is determined through the Direct Comparison Approach. It is NOT acceptable for residential properties to conclude market value by a price per square foot. That's a BIG no no. If you have a report such as this, then send it off to their governing appraisal body and they will investigate your claim and their professional practice committee will rip a strip off the appraiser's back. If you are a lender and have issues with the appraisals - then don't use that appraiser! That's how you get rid of bad appraisers. The other way is to sent their report off to the governing body. The other way is to sue them in court for any damages you have incurred from relying on the appraisal. I will pay for the stamps.

Wonderful criminals! LOL

Great video!! You thought me things I would have never thought about.

How to get a really detailed number that's wrong. LOL. Your thought process is refreshing and I like your teaching style. I LOVED the video on 7 things NEVER to tell a contractor! Learning the hard way is a luxury; many people are sunk by bad contractors...either because they never want to deal with another one, or because they are broke with lots more work to be done, plus errors to be corrected (switched materials, unfinished jobs leading to new problems, etc.) Thank you for sharing the wisdom of your experience. I appreciate your character.

Do you have a list of private funding company?

You in Andrew Huberman's guest series studio?

I just want to add one more thing. You may want that anonymity because as soon as you own more than one property, you'll be targeted by spam-callers, trying to buy them for pennies on the dollar. They're incessant and never stop.

Great advice👍

Every successful real estate investor has a mentor. Get your mentor here: www.freedommentor.com/apprentice/

Local MLS models just collapsed. What’s next ?

To sell fast list below everyone or else you will be holding the bag.

Are the neighbors going to be honest about all of the Neighbors. Like a nieghbor that runs two businesses out of their house and being disruptive and a nuisance. Runs a compressor all the time to fix cars using an impact gun. Building stuff on driveway for remodeling business. Workers coming and going and parking in front of your house. Parking cars on the grass, keeping junked vehicles in the back yard. Riding ATV's and dirtbikes on a 1/2 acre lot in the back yard. We live in a neighborhood that the price point is 700k but have no HOA, but we have a handful of neighbors that are out of control, and unfortunately my neighbor and I live nextdoor to this type of nuisance. Like I said just a handful. Hate HOA'S, just praying they'll move one day.

Hello sir, Thank you so much for all the videos. I had learned a lot over the years. I was felt great to found out this video. But here are my questions, Do you think this is the best time for rent to own since interest rate are high and no one easy to buy the home ? I’m try to selling my house for last 7 months and not going nowhere. Everything remodel. New roof, new kitchen, new bathrooms so on. We are starting to thinking to make a rent to own. That how I found your video. Thanks.

Very good video! I wish I watched it before I hired a contractor. He did exactly what you said and kept begging me for money with sob stories. I gave it to him and he still hasn't even started working after 4 months..

Another great video Brian. Thanks for mentioning my name. :)

The best way is to do it your self, it's not rocket science.

Garbage !

Garbage.

Thank you. Yes, if you are paying by the hour, you need to know how they will track their time. I had a squabble with one because what I noted down (I kept track) and what they asked for was a $250 difference.

how much for the mentorship please.

This guy is a prick, as a licensed contractor this type of customer is untrustworthy and looking to screw anyone over for his benefit. He always looks for cheapest guy that works on “his” terms and always ends up with cheap low quality contractor, then ends up feeling jaded when things go awry. As an electrician I never want customers providing materials. A steakhouse also marks up materials 200-1000% do you ask them for receipts or bring in your own steak for them to cook? Don’t ever call me and good luck finding good contractors. Nobody should listen to him.

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Awesome info awesome mentor just live it sounds great and id like to do this~

If I find a deal for you guys in Florida, will you pay a finder's/assignment fee

Where is Phil?

Everything I learned came from Phil... Many thanks from the UK

Every successful real estate investor has a mentor. Get your mentor here: www.freedommentor.com/apprentice

I enjoyed it. Good info

Great advice, thank you!!

House flipping is dead brudda 😂

thank you Brian!!

This was a commercial. Where's Phil with the great content???