William Tingle – Ultimate Subject To

DescriptionReviews (8)William Tingle – Ultimate Subject ToARE YOU READY FOR THE ULTIMATE IN SUBJECT-TO INVESTING?Are you a just starting out in real estate investing with limited cash, experience, or good enough credit to qualify for financing? Are you a more experienced investor who is tired of buying properties the conventional way, qualifying for loans and renting to tenants who only want to rent, use and abuse your property? Do you want to start building wealth and have cash flow now from real estate investing?Would you like to buy properties no matter what your credit is like without ever having to talk to a banker?Have you been studying real estate investing for months or even years and for some reason simply can’t get up the confidence to pull the trigger? Do you feel like the other courses you have bought leave out those “little details” that make all the difference?Are you terrified of not knowing how to handle seller calls or of missing a step when signing up a deal? Are you waiting for that course that will explain all of the unknowns and help you build the confidence to go into a meeting with a seller knowing that you will walk out with a signed contract on a great deal that will put cash in your pocket?YOUR WAIT IS OVER!THE “ULTIMATE” SUB2 GUIDEBOOK IS HERE!This is the most thorough, most complete course of its kind. It is the “ULTIMATE” subject-to course available ANYWHERE! Here are some of the things you’ll learn:* How to buy “subject to” step by step!* How to buy homes with absolutely no credit or proof of income!* How to get sellers to beg you to take their properties!* How to create immediate cash flow with no landlord headaches with lease options!* How to create years of cash flow by providing the financing for your buyers!* How to avoid the “due on sale” clause and make any loan an “assumable” loan!* How to close the deal on the “kitchen table” without a title company or an attorney!* How to use Land Trusts to avoid “Due on Sale” issues!* How to increase your profit by using “wraps” or use a lease option and “be the bank”!And much, much more!“I have said it in the past, and I will say it again. There is no one in this country that is better in the Subject-To arena of real estate investing than William Tingle. He has built the best business model for investing in this field of anyone else I know.”“In addition to that, William is an investor who upholds the highest standards of ethics and morals- something that I rarely find from others.”“I’m proud to call William a friend of mine and I would highly recommend his teaching to EVERYONE!”Stephen Cook Investor-Author Baltimore, MDHi, my name is William Tingle and I have been a real estate investor for over 4 years. In that time, I have bought, sold, rented, lease optioned, land contracted, flipped, rehabbed and sub2’ed over 100 houses. In my opinion, subject-to is the fastest, easiest, cheapest and for me, one of the most fun ways of taking actual ownership of properties out there. You can buy without cash, you can close without an attorney or title company, and your exit strategies are endless! You can rent it, sell it for cash, owner finance it for years of cash flow, lease option it, whatever you like.YOU OWN IT!You can sub2 pretty houses, apartment houses, junker houses, mobile homes, commercial property, practically ANYTHING out there! Any property you could buy conventionally, you can get the deed on!I have put a system in place that will simplify the whole process for you will walk you through, step by step, how I left my career of 20 years after only 12 months of part-time real estate investing.I have studied all types of investing and have come to the realization that buying subject-to existing financing has all of the upside of any other purchase method with virtually no negatives!When you buy properties “subject to” the existing financing……………………….* You own and control the property……….* You claim all the tax benefits………..* You profit from the appreciation ………..* You profit from the principal pay down……………* You collect all the cash flow…………..………but you never have to talk with a banker, you never have to personally guarantee a loan and you never have to qualify for any stinkin’ mortgage!Someone else went through all of that brain damage for you!I can’t tell you how great it is not to ever have to set the alarm clock, to just be able to wake up when I am fully rested. My boys play soccer and I never have to miss another game or a practice. When was the last time you were able to take off during the day, just you and your spouse and enjoy a leisurely, 2 hour lunch like my wife and I did today, lingering and talking as long as you would like, having an extra cup of coffee, not having to rush back to work, feeling sorry for all of those around you who were watching the time, having to hurry back to a JOB.Imagine being able to take off from the middle of November every year through the first week of January, enjoying the holidays and able to travel to see everyone without having to divide your time because you have to rush back home. I can remember being in the restaurant business and having to close on Christmas Eve and drive for several hours to see family, have Christmas dinner and then leave to drive back and be home to work the day after Christmas. Not anymore.I wish I could describe to you the incredible feeling of knowing that I am financially independent and will never again have to worry about being “downsized” or my company being bought out or being replaced. My financial destiny is in my hands, not someone else’s.I no longer have to fool myself by saying I spend “quality time” with my family, we spend time together each and every day. When I travel, they travel, right there in the plane or on the ship with me. Last week we visited Baltimore, this week we are packing for our Alaskan cruise.“There are so many self-proclaimed gurus popping out of the woodwork these days that it’s hard to know who is for real. William Tingle is the REAL DEAL. He is one of the few, hands-on investors that does real deals and walks his talk. Read anything he writes and listen to everything he says.”Attorney William Bronchick Aurora, COGet started today!Buying subject-to existing financing is the most efficient use of your time and money. Not only can you do it “no money down”, but you also get to leverage the borrowing power of others or their credit. I have personally bought over $6,000,000 worth of real estate subject-to over the last 4 years. That’s $6,000,000 worth of other people’s credit and borrowing power!I have put all of the things I have learned over my investing career in these 300+ pages of material. It is all here for you to use to build the future that you and your family deserve.You’ll Learn:Step-by-step how to easily “take over” your seller’s payments and property in the safest and easiest way possible!* How to find sellers who are literally willing to “give” you their properties!* How you can close fast (in less than 48 hours if needed!)* How to stay in control of the deal at all times and why this is crucial!* How to get motivated sellers to call you and beg you to take their property!* How to avoid potential pitfalls of subject to deals!* How to use land trusts to avoid the due on sale clause!* How to find “Subject to” deals!* The most common seller objections to sub2 and how to handle them!* How to find private sources of funding for your deals!* How to flip your deals for cash!And much more!PLUS you’ll also get a FREE bonus Disk containing all the documents and contracts you need to safely buy subject to the existing financing. Here’s a list of some of the forms you’ll get on your bonus Disk:* Purchase & Sale Agreement (when Buying)* Warranty Deed* Quitclaim Deed* Assignment of Contract (Flipping Deal)* Limited Power Of Attorney* Land Trust* Appointment of Successor Trustee* “The Ultimate” Disclosure Letter to Seller* Acknowledgment of Assignment and Release of Liability* Authorization to Release Information* Authorization for Direct PaymentsAnd much more!“William’s contribution to the Subject-To arena is long over due. I’m glad he finally decided to put what’s in his head into a format the rest of us can benefit from. William’s expertise and contribution to the field of Subject-To will absolutely guarantee the serious and novice investor an exciting and amazing method of generating income that is simply hard to believe unless you are actively involved. I would absolutely recommend this course to everyone that is serious about real estate and to consider this information as a must have. It’s a tool they cannot afford to be without! It would be like a carpenter without his saw!”“Thank you for sharing your expertise with us, I have no doubt of this courses’ place on the shelves of all serious investors.”Mark Root Investor Lancaster, OHDon’t miss your opportunity to be one of the first to get this information packed course at our super introductory price.Most courses on this topic sell for $595, $695 and up to $995 each and for the potential freedom the information they provide can mean to you, they are a bargain. I have decided, however, to price my course within easy reach of EVERYONE who wants to have the information so my price for my course is only $349.00.At only $349.00, this course that lays out every detail, step by step of how to set up and run your sub2 business like a well oiled machine is an absolute steal but I am going to make it even better for you. For a limited time, I will be offering this material for the unbelievable price of only $297.00! My publisher is telling me that I am crazy but I want everyone who wants financial independence for themselves and their family to have an opportunity to have this material.“This is by far the best Subject-To course that I have ever seen. As a new investor, I was focusing on flipping and wholesaling but this course has added a whole new dimension. It is easy to follow, easy to understand and the best part is, it is realistic and doable, not just a bunch of “pie in the sky” like some other material. Just follow the outline and success is not far behind.”“All I want to know is what took you so long. It is AWESOME! Thanks!”WJ Lowe III Real Estate Agent & Investor Macon, GAIf the cost of a detailed, step by step subject-to course has been the issue for you in not getting started toward your financial goals, that is no longer the case.Don’t think you can’t afford it! You can’t afford not to have it!Are you willing to spend $297.00 for all the information and tools you need to be able to leave that 9 to 5? To be able to travel and live as you please? To be able to spend your time with your family as opposed to working for a boss? Are you tired of being so busy making a living that you don’t have time to make money?Don’t miss this opportunity! Make the decision NOW to get out of the rat race. If you have the desire, this course will provide you with the information you need to change your life.Order now and get my entire “Ultimate” system of how to find, negotiate, buy and sell properties subject-to existing financing for only $297.00.There will never be a better time to become financially free than right now. What are you waiting for?“William has personally helped and guided me in the process of becoming a full real estateinvestor in a very short time. The methods and techniques he teaches along with your owndiligence and creative thinking will surely bring you the same success.”“Read the book, apply the knowledge and reap the rewards!”Darren Howell Investor Macon, GATABLE OF CONTENTSPreface xiiiMy Story xivEthical Investing xivA Word on Financial Freedom xvWhy I Wrote This Course. xviiAbout The Author xviiiIntroduction.1Will This Work In My Area?.1Differences in Foreclosure Process.1Differences In Use Of Land Trusts.2What This Course Will Do For You.3What This Course Will Not Do For You.4CHAPTER 1 – page 9Is It Legal?.9Why Does It Work?.9The “Due on Sale” Clause.10Risks Resulting From The “Due on Sale” Clause.11Others Risks In “Subject to” Transactions.12CHAPTER 2 – page 19Getting Started.19Where Do You Want To Be?.21Goal Setting with Little or No Cash or Credit22Giving Sellers Notes For Their Equity.23Von Ron Drive, 3/2.5 detached home, 1600 sq. ft.24Nassau Place, 2BR/1BA detached home, 1100 sq. ft.25Goal Setting with Cash and Credit26Beware Holding Property Costs Money and Time.26Setting Your Goals.27Lifestyle Changes As A Shortcut To Achieving Your Goals.29Should I Incorporate?.31Setting Up Your Office.31Must Have’s.31Good To Have’s.33Putting Together Ways to Come Up With Cash.34Credit Cards.35Bank or Other Institutional Financing.36Friends & Relatives.37Partners.37Hard Money/Private Money.37Questions for Hard Money Lenders.38My Hard Money Lender40Assemble Your Team..40Attorney.40Mortgage Broker41Contractors.42Pest Control.43Insurance Agent.43Miscellaneous Team Players.45What’s A “Good” Deal?.45Benchmarks Change.46But Sellers Don’t Give Away That Kind Of Equity!.47Woolfolk Street, 3BR/1BA detached home, 1400 sq. ft.48Always Buy if the Price Is Right!.49Tax Consequences.50Dealer Status.50Claiming Interest Deductions.50Recap.51CHAPTER 3 page – 53What is a Motivated Seller?.53Motivation, Motivation, Motivation.56But Who In Their Right Mind Would Deed Me Their House?.56Examples Of Motivated Sellers.57Warner Robins, GA: 3BR/2BA, 1400 sq. ft. (Picture #1 on CD).57Macon, GA: 3BR/1BA, 1200 sq. ft. (Picture #2 on CD).58Macon, GA: 4BR/2BA, 1600 sq. ft. (Picture #3 on CD).60Macon, GA: 3BR/2BA, 1600 sq. ft. (Picture #5 on CD).62CHAPTER 4 – page 65Finding and Contacting Motivated Sellers.65Targeted Mailings.67Sellers with Empty/Abandoned Properties.69First Step – Creating a List.69Second Step – Working the List.69Targeting Abandoned Properties – Sample Result.70Do I Need To Be An Expert Negotiator?.71What Should My Letters Say?.71Sellers with Expired or Soon to Expire MLS Listings.72Should I Get My Real Estate License?.73First Step – Creating a List.74Second Step – Working the List.75Sellers with Expired / Soon to Expire Listings – Sample Result.76Obtaining Releases From Listings – The Agent’s Perspective.79Sellers In Foreclosure.79Doing Your Homework.80First Step – Creating a List.81Benefits of Collecting the Information.83Second Step – Working the List.84Sellers in Foreclosure – Sample Result.85Persistence Pays Off – Sample Result #2 (Picture #8 on CD).85Sample Letters.87My Experience.88CHAPTER 5 – page 89Prompting Motivated Sellers to Call You.89Classified Ads.91Ads in the “Freebie” Papers.93Bandit Signs.93Flyers.95Promotional Items.96Business Cards.97Car Magnetics.98Clothing.99Other Advertising Tools.99Recap.99CHAPTER 6 – page 101The Phone Is Ringing…Now What?.101My First Calls.103Screening for Target Area.103Screening And Negotiating With Sellers.104Questioning To Determine Motivation.104Make THEM Convince YOU to Buy.107Some Tips For Spotting Unmotivated Sellers.109Prescreening Isn’t Perfect.110But I’m Still Not Sure What to Say When Someone Calls.111Setting an Appointment to Meet with the Seller.112Preparing for the Meeting.113Down and Dirty – Your Initial Meeting with the Seller.115Another Closing Secret – Talk Motivation Before Specifics.115Negotiating The Deal.116Answering Questions / Overcoming objections.118Most Frequent Questions From “Subject to” Sellers.120“Take It or Leave It” Attitude Has Its Advantages.124Example: Johns Road (Picture #9 on CD).124Example: Morgan Drive (Picture #10 on CD).126Always Meet Face to Face.128Overview Of A Typical Seller Encounter.129Win/Win.131CHAPTER 7 – page 133Signing The Documents -.133One Step Closer To Paydirt.133Buying Paperwork Checklist.135Purchase and Sales Agreement (a.k.a. Sales Contract).136Finding A Problem With The House Post-Closing.137Advantage…Buyer.138Land Trust Addendum to Contract.139Authorization To Release Information.139Limited Power Of Attorney.139The “Ultimate” Disclosure document.140Closing Documents from Seller’s Purchase of Home.140All Correspondence from Lenders and Attorneys.141Coupon Book Or Statement From Lender.141Recap.141CHAPTER 8 – page 143Due Diligence.143Searching The Title.145Learning To Do It Yourself.145When To Hire A Professional.146Questions To Answer When Searching A Title.147Be Thorough!.148What If I Miss Something?.149What About Chain Of Title?.149Saving Money.150Do I Need Title Insurance?.150Verifying Tax Payments Are Current.151Verifying The Mortgage Information.152Kitchen Table Authorization And Verification.153List Of Items To Verify.154Pest Inspection.155Cost.156Home Inspections.157Recap.157CHAPTER 9 – page 159Closing with Your Seller.159How to Close.161Deciding Whether You Should Close Yourself.161Seller Concerns About “Kitchen Table” Closings.162Closing Costs.162Where to Close.162Required Documents.163Warranty Deed.163HUD-1 Settlement Sheet.164Tax Form..164Due On Sale Disclosure.164Seller’s Affidavit.165Final Steps With The Seller.165CHAPTER 10 – page 167A Few Words On Land Trusts.167What Is A Land Trust?.169Why Use A Land Trust?.169Creating A Land Trust169Using A Land Trust The Tingle Way.170Selecting A Trustee.173Recap.174CHAPTER 11 – page 175Deciding on an Exit Plan.175Four Possible Exits Defined.177Sell With Owner Financing.177Sell for Cash.179Sell On Lease Option.179Rent.180Always Know Your Exit BEFORE You Enter.181Remain Flexible.185Retailing – An Exit For Properties That Need A Lot Of Work.186The Cat-Dog House : A “Subject To” Junker (Pictures #11-15 on CD).186Renovate And Resell…Or Hold?.189Earn Your Down Payment – Lease Option Exit With A Twist.189EYD Program – Example.190EYD Program – Warning!.191CHAPTER 12 – page 193How To Find Your Buyers.193Buyers Lists In General.195My Buyers List.196Attracting Buyers.196Yard Signs And Directional Signs.197Yard Signs.197Directional Signs.198Ads In The Major Newspaper.199Buyer’s Info Line.200Phone System and Setup.201Caller ID..201Website.202But I’m Not Good With Computers.202Cost203Flyers.203Postcards To Apartment Complexes.204Open Houses.205Referrals From Satisfied Buyers.208Promotional Items.209Agent Referral Program..209Mortgage Broker Referral Program..210Summary.210Recap.211CHAPTER 13 – page 213Screening Buyers.213Phone Screening.215Checking Them Out217Second Test219Taking Their Application.220Handling Deposits.221Rejecting Buyers.221Verifying Their Information.221Three Things You Absolutely Must Verify.222Credit Reports.223Where To Obtain Them..224Former Landlords.224Job History.225Screening Retail Buyers When Selling FSBO..226On The Phone.226Summary.227CHAPTER 14 – page 229Completing the Paperwork to Sell.229Cash Sale Paperwork.231Rental Paperwork.231Lease Option.232Amount Of Option Consideration.232Monthly Payment.233Rent Credits.233Sales Price.233Remain Flexible.233Lease Option Paperwork.235Deposit Receipt/Agreement.236Lease.237Option.238Option Consideration Disclosure.239Option Term.239Lead Paint Disclosure.240Lease Option Disclosure.240“Don’t Pay, Don’t Stay” Disclosure.241Rent Payment Information.241Earn Your Down-Payment Agreement (if applicable).241Maintenance Agreement.242Credit Reporting Agency Numbers Sheet / Credit Repair.243Completing The Documents With The Tenant/Buyer.244Lease Option Recap.244Land Contracts.245Beating A Bad “Wrap”.245Setting The Rate.246Adjustable Rates.247Setting the Term.247Using Land Contracts To Convert Tenant/Buyers To Owners.248Land Contract Settlements.248Land Contract Paperwork.248Sales Contract.249Land Contract Addendum.249Land Contract.249Limited Warranty Deed to Buyer.250Bill of Sale to the Buyer.250Quit Claim Deed from Buyer to Seller.250Escrow Instructions.251Truth in Lending Disclosure Statement251Lead Paint Disclosure.252HUD-1.252ILC Promissory Note From Buyer To Seller.252More On Land Contract Documents.252CHAPTER 15 – page 253Staying in Control.253Staying in Control with Lease Options.255Using The Term As A Control Measure.255Actively Manage The Property.256Be Friends With The Tenant/Buyers.257Setting A Deadline To Buy.257Miscellaneous Lease Option Dealmakers.258Staying In Control With Owner Financing.258Getting Out From Under Your Thumb.258Options Available To You On Balloon Dates.258Miscellaneous Land Contract Dealmakers.259Staying In Control When Selling For Cash.259Handling Appraisals.260Handling Inspections.261Taking a House Back.261Foreclosure.261Eviction.262Afterword.263Appendix : Forms.265Initial Buying Paperwork For “Subject To” Deals (Chapter 7).267Purchase Closing Paperwork For “Subject To” Deals (Chapter 9).285Lease Option Paperwork (Chapter 14).303More Lease Option Paperwork.359Land Contract Paperwork (Chapter 14).375Land Trust Forms.421Marketing Materials – Buying.439Marketing Materials – Selling.455Miscellaneous Forms.463