William Tingle Podcast

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 [email protected].

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

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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: [email protected]

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!

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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 [email protected].

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!

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!

  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 [email protected].

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!

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 [email protected].

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!