He's burning so many bridges. That negative behavior is going to catch up with him and when it does, it's going to be devastating. The world is so small why would you do someone dirty like this? Thank you for sharing!
@RealStephenSaunders
Жыл бұрын
Doing dirt never wins in the end! He will get his!
@customerservice9650
3 жыл бұрын
Keep memorandum on file. Clouds title. You’ll get paid when they need to transfer title. Fee will be whatever you want it at that time. Just a delayed payout. Keep up the good work.
@Lrndthehardway
2 жыл бұрын
Great info
@adonijahdelancy6722
3 жыл бұрын
Once it’s time to record the sale, it will not be approved until they speak with you! So you didn’t get the 8,500 today but trust in 3,5, 10 however many years when he does try to sell, they’d have to talk to you first. At that point you can charge 20k.
@isahia
3 жыл бұрын
We got your back Lili! Where they @??? I just wanna talk 😤😤😤
@@therealgogogigieverything damn we all here for lili huh? Lets find this dude 💀
@pokegainz1759
2 жыл бұрын
I know I'm a year late but I'm still ready to... talk to them lol
@reereemob18
2 жыл бұрын
🤣🤣😭😭
@asoldierstwocentsrawuncut9611
3 жыл бұрын
Lili, You really should call him out. It’s people like him that give wholesaling a bad name. Let’s protect others. Especially because I do deals on Oklahoma as well 😂😂
@robhildebrandt5578
3 жыл бұрын
Definitely! I would put that dude on blast for sure. He needs to be exposed in that area and run out of business.
@sigmaenigma610
3 жыл бұрын
Yeah you really should I’d like to know and the rest of the realestate community would like to know. He’s making other realestate investors look bad
@tjsylla
3 жыл бұрын
Agreed..you should
@lisacole11
3 жыл бұрын
Yes, we need to know who the bad ones are! I am a new end buyer and want to know people who want to help Tulsa and our people.
@StreetSouljaz1
3 жыл бұрын
@@lisacole11 are you still buying properties?
@christian-gu5oq
3 жыл бұрын
Write contracts that penalizes the seller if they give the contract to someone else
@TyroneBryant
3 жыл бұрын
Leave your memorandum in place, so that if they try to refinance, or sell the home they got to come back at you and make you whole, for back stabbing you on the wholesale deal.
@tjsylla
3 жыл бұрын
Yep..I keep a very small list..and I no longer post on groups. Jerry's tactic of looking for flippers in the immediate area has been the best and fastest way to get real buyers...💪🏿✊🏿
@jermaineartis4323
3 жыл бұрын
Keep that cloud on that title and never take it off...Eventually that thief will try to sell it, but won't be able to or it will go back to the seller (the responsibility will) due to that thief's negligence to pay. It'll come back to you down the line. And when you get a call from a closing agent, asking if you will release it, then tell them your $8,500 fee plus interest (if you wish) to release the property from hostage. Or, just take it over at the same price on your contract or with a lower principle balance (since the thief is paying it) and a higher market value due to appreciation!
@ziao.1359
3 жыл бұрын
What a backstabbing..... karma will get him don’t worry sis.
@markcook8338
3 жыл бұрын
Right broski
@LLO227
3 жыл бұрын
The video editing is so flawless, I thought the whole video was done off memory and completed in one take. 💯💫
@Liliinvests
3 жыл бұрын
Thank you!
@lucianmcclanahan9551
3 жыл бұрын
That dude is going to be out of the business by next year. People aren’t gonna work with him if he’s sketchy
@RichRotorhead
2 жыл бұрын
If it'll make you feel better, sure. But Trump didn't get to where he's at by playing fair.
@toytoy3900
3 жыл бұрын
Your right, I was in real estate investing for 10 years from 2004-2014 and let me tell you I could right a book, so many demons in the business then, and even worst now, never let anyone know where your property is until you do your homework, and even then only let investors know the vicinity like 15 blocks away, these folks are sharks and vulchers, TRUST KNOW ONE, when you get a deal and do your inspector and make that offer, draw up a memorandum and file it at the court house, will protect your deals, no one can buy or close on the property unless they get your permission to release the memorandum 😁 yeah if you don’t sign the release they can’t go around you to do the deal behind your back. Also charge a non refundable fee that way you will get serious cash buyers, the best cash buyers are those who work a 9-5 or those who go are not greedy and successful , if one won’t pay believe me there will be one who will, oh yeah you were doing a seller financing, different from a straight assignment on a wholesale, which a memorandum will be effective and protect your interest in the property, continued success 🥰
@mittman3919
3 жыл бұрын
JT hustlez sent me here you did it again JT hi 🙋♂️ lili I’m here to learn!
@Liliinvests
3 жыл бұрын
Ayeee welcome!!!!
@areapropertylocators
3 жыл бұрын
Put him on blast!!! Did you record the affidavit to cloud the title when you contracted with the seller??? Not sure about your state, but maybe with a recorded affidavit, when the property is refinanced or sold, someone would have had to pay you a fee down the road to clear the title! Awesome video Lili!!! Super happy for you!!!!
@foreverrcocochenel
Жыл бұрын
So happy to have come across your channel. So many practical experiences explained. It’s like you’re always answering a question that I develop as I’m brushing up on everything wholesaling.
@zacheryweaver5479
3 жыл бұрын
Had this happen this past week, took me 3 months to get this lead under contract. Would of been a 22k fee. Super demoralizing when it’s only 3rd contract
@RickVenegas
3 жыл бұрын
It's called "Specific Performace" that forces the seller to stick to their agreed portion of the contract. I just ran into the EXACT SAME ISSUE HERE IN SA TX. My spread was 20k in the fee this past October. Mentioned it to a "buddy" and seller suddenly wanted to back out the next day... just found out last week it was the "buddy". People can be so scummy, I'm sorry this happened to you.
@jjwms33
3 жыл бұрын
You gotta good thing going. Keep it to yourself.
@RickVenegas
3 жыл бұрын
@@jjwms33 that's the damn truth! Lmao LESSON. LEARNED.
@percyjackson8035
3 жыл бұрын
Out of all the youtubers I watch , she the only one who really deserves the likes and watch traffic, we love you girl, keep on educating us ❤️
@thoyo
3 жыл бұрын
@Lili Not saying I support it, but you can def still snitch them out to the bank. You probably know this, but knowledge of the subject to may trigger the bank's "due on sale" clause which would force the owner to immediately owe the entire outstanding balance of the mortgage, effectively killing the deal.
@robhildebrandt5578
3 жыл бұрын
I've been trying to learn and absorb as much info about this business as possible and really enjoy your videos. I've been wondering lately, "what is to keep a potential buyer from just going behind your back and undercutting/stealing your deal?" Sorry this happened to you. I would put him on blast for sure. Do you file a memorandum with each deal? I've heard mixed advice on that.
@kingswayoflife3948
3 жыл бұрын
Competition sucks especially when all the valuable information is on KZitem
@michaelh4033
3 жыл бұрын
You're content is great! Something similar happened to me before I had a house under contract. Keep ya head up
@leekleek1
3 жыл бұрын
Your doing wholesalers in your area a disservice not telling them who stole your deal.
@labrae
3 жыл бұрын
Yeah, Jerry Norton put his dude --name and all_ on blast. The guy was a shyster. Look that video.
@dexterramey8787
3 жыл бұрын
@@labrae he sure did.
@dexterramey8787
3 жыл бұрын
Maybe she dont want to beef with them?🤷♂️
@labrae
3 жыл бұрын
@@thesmithfinancialreliefgro271 I dont have it at the moment but look up Jerry Norton use the words Stole My Deal
@markjaret4731
3 жыл бұрын
What a costly lesson but I know you will make it back 10 fold. Thank you for sharing I learned a lot.
@williamalexander6130
3 жыл бұрын
Good video and better lesson. FYI, you could still put a lien on that homeowner. No court involved and he can't get another house until he pays you.
@RealStephenSaunders
Жыл бұрын
Memorandum would have protected you if you had cause in there covering the transfer of title to anyone other than who you chose etc. So just beef that up and still use obviously. However, great advice and great video smart advice on just moving on!! It's not worth the time or negative vibes doing anything else and making sure dude isn't on any future lists of your or those you deal with so thank you! Great reminder! Thanks again! Stephen
@RealStephenSaunders
Жыл бұрын
Damn that sucks! Screw people who steal deals! Hopefully they will get their karma back! Keep going, love your videos!
@DelMinico
3 жыл бұрын
This is why I always look at my "cash Buyers" profile and see what they post. Also ask them about their recent purchases. If it doesn't add up in your head, don't give them the address. It's so simple to see the fake cash buyers. Also Lili, Cloud the title next time
@tyrahpastrana1546
3 жыл бұрын
What does "cloud" mean?
@DelMinico
3 жыл бұрын
@@tyrahpastrana1546 Basically a Memorandum and other info is sent to the courts to say that either you have an off market property under contract and that if anyone goes behind your back or the seller backs out, If stated in the REPC, you can take them to court, But like i think I heard LiLi say, and like a lot of other investors and wholesalers, its not worth it to take them to court when you could spend your time looking for more properties. I know everything there is to the game, 718-679-2994 is my contact info, I'd be glad to mentor you or anyone else free, I recently averaged 4 deals/ month in 2020, this year I'm moving on to better opportunities. Getting my licence and becoming a shareholder in a real estate company. I'm only 20 years old, I do this for 20 hours a day, daily. Hard work and the willingness to learn goes a long way.
@DelMinico
3 жыл бұрын
@@tyrahpastrana1546 kzitem.info/news/bejne/qYiYlniYo4Z2fmU Watch this video to learn more about A cloud and Memorandum
@ericagriffin8237
Жыл бұрын
Yes! Very smart
@withdawind
2 жыл бұрын
I'm watching this in July 2022. I hope you get whatever fee you want when the Tittle changes hands. A "Verified Buyer" is a must!!! You know someone's performance you can see on Zillow like cites or county records. Thanks, Lili for the lesson...
@williamsjacqueline3
3 жыл бұрын
This whole situation is a lesson learned, and for sure you’ll get that $8500 times 10 and as for the thief, .. he/ she will not be in business for long... Love ❤️ your content by the way 💯💯 much respect
@jasonmorris9330
2 жыл бұрын
From what I can see that others have done when it comes to subject to, they don't assign the contracts, they look for lease/options while holding onto the property after making a payment or two. I wondered about assigning a subject to deal, now I know the risk of doing so thanks to you. Definitely subscribed
@sigmaenigma610
3 жыл бұрын
It’s okay hun they will get what’s coming to them!!!!
@rei_mikeg
3 жыл бұрын
Newbie question - Why not use a hard money lender or private money to buy the house yourself? Say a 10 day closing. Then once the house is yours, use the next 20 days to find a cash buyer for more? All before your first payment is due. Unless I am missing something (very possible), this seems like it takes away the risk of someone stealing your deal.
@Liliinvests
2 жыл бұрын
HML/PL rarely lend 100% of the funds. you're thinking more about a transactional lender, they charge very high interest, but it's worth doing the research into them if you're considering that strategy
@ryanwilliams9515
3 жыл бұрын
one thing you could do is have buyers provide proof of funds
@larkenequity7221
3 жыл бұрын
You need to call out the snakes, protect other wholesalers. This wholesale world is small and we need to police ourselves
@rjimbowintergrove5813
3 жыл бұрын
🥸🥸🥸🥸🥸🥸creative finance video please!👾👂🧠🦾
@TyroneBryant
3 жыл бұрын
Looking forward to more classes on" subject to "deals and creative financing deals. Terrible about that backstabbing wholesaler.
@jay2ko
3 жыл бұрын
A recorded memorandum is essentially a lien on the property. You should get your money whenever title transfers.
@andreaflorez8796
Жыл бұрын
OMG I've learned so much from this video!! Thank you so much!
@MrHicks-lo8vn
3 жыл бұрын
You SHOULD call out the name of this skunk! Simply to avoid having another person have their deal stolen by this guy.
@thomastaber5491
3 жыл бұрын
love ur attitude. lovevur content a d transparency. its truly refreshing. they give a fool a million dollars a d he will lose it, take a million dollarsrom a wise man and he will get it back. u r wise, and u will get it back. keep ur head up, keep doing what ur doing and u will be rewarded. u r making an impact on ppls lives. i know bc im one of those lives u r impacting
@mogul214
2 жыл бұрын
I had 2 deals stolen from me recently... A single family and a 60 unit complex
@Bryan.bluedream
3 жыл бұрын
Quality over Quantity
@devonnejones
3 жыл бұрын
You better than me because i would 100% say that dudes name... gotta call out the bad ones to keep the integrity of industry.
@keliblum6591
3 жыл бұрын
WOW, so sorry this happened to you. You are awesome and great things are going to happen to you. This is just a tiny bump in the road.
@stephanieharries7746
Жыл бұрын
❤😊 I like the background - lighting and colors.
@breynoldssr3703
3 жыл бұрын
It happens. It’s almost like that’s how you get broke into doing this, get started. Have to get scammed first lol
@yolandacanelamk8434
Жыл бұрын
Now I understand why my partner requires pof before giving the address
@adonijahdelancy6722
3 жыл бұрын
But I’m pretty sure that once they do try to sell the house, you’d be able to add a fee since you have that legal document in place.
@Godlovesu591
3 жыл бұрын
Such a good video. You explained this very well.
@oscarrobertson2257
3 жыл бұрын
I love Creative Financing. Definitely helps monetize more leads .Taking title is a must for me on Sub2 . That's sucks what happened to you.. Not a loss but a learning opportunity.As always another 🔥🔥🔥🔥🔥 video
@whatsthereazon9665
3 жыл бұрын
You got it keep going Tis is just growing pains weed em out and keep it moving to much success
@FernandoKittles
2 жыл бұрын
Real estate is a cut throat business! Even real estate agents steal each others deals.
@Roberta-xo2xx
3 жыл бұрын
Thank you for the great content. You mentioned creative financing strategies when you were discussing the Subject-to approach. This is a great point of discussion that I would appreciate more information from you about. Per your request, here is the most creative emoji I can share-my favorite emoji: ✊🏾
@Liliinvests
3 жыл бұрын
You got it!
@tyrone198921
3 жыл бұрын
I want to thank you Lili I been watching your video and also I'm trying to start doing wholesaling too. But before I start I'm just trying to get all the information I need before jumping into it. But want to thank you for the video and good luck on your journey 👍
@derrickbrown1223
3 жыл бұрын
What if the smell in that house wasa dead body lol but seriously thats the type of thing I worry about getting into this business ,pls tell me I'm tripping!!!
@TheFilmBuilders
3 жыл бұрын
Solid content!
@monica_954dale
3 жыл бұрын
Yasss!! We need the creative financing strategies sus plz and thank you!😁😅🙌🏾😎
@alondraalanis6708
2 жыл бұрын
Amazing lesson
@jr9655
3 жыл бұрын
You people are doing that scumbag a favor by not publically outing him. You are opening things up so that he can scam someone else.
@rjdavid3
3 жыл бұрын
You sound like you way overthought the legal process. The memorandum is a passive notice to the world there is a contract, nothing more. But once the H/O called you that he wanted out, a powerful, inexpensive legal action to stop the sale would have been to immediately have your real estate attorney file a Lis Pendens. Lis Pendens literally means "pending suit". A Lis Pendens prevents a person's ability to sell or obtain financing. It's filed against the H/O announcing a legal action, where a Memorandum is filed as a passive notice. A real estate attorney should charge only a couple or few hundred dollars and no further court action is normally necessary. Since your H/O was anxious to move it would have told him he was not going to see any deal. I filed one against an H/O whose relatives suddenly wanted the house at the price I had under contract. Within a couple of weeks we settled for the profit I had estimated. Also, your KZitem video implies you do not have a real estate attorney. Your local REIA groups in the area usually have lists of preferred suppliers and vendors like CPAs and attorneys who specialize in real estate. A Memorandum works over 90% of the time, but being ready when a H/O tries to screw you can save your profit.
@MakeupDivaMesha
3 жыл бұрын
I have not had any issues with using ncdna agreement an memorandum of affidavit I also use Jerry Norton tips by going after on market deals too
@MzCelticsChik9
3 жыл бұрын
I’m excited!
@paulettebrown2413
3 жыл бұрын
Flipman always said that pigs get fed, hogs get slaughtered.
@Tekno2012
3 жыл бұрын
I am not sure how this was a good deal for a buyer?? $75k mortgage + $10k assignment fee + $6k to seller is about $91k total cost for a home that comps at $80k on the high end.... Did I miss something? The only way this makes sense for a buyer imo is someone that is building a rental portfolio and has maxed out on traditional finance methods.
@timtaylor9339
2 жыл бұрын
Thank you, I was trying to understand the numbers too.
@ericb9655
3 жыл бұрын
This was a good instructional video. Just a suggestion here. Maybe you can do a video and name the thief who stole your deal so that we can avoid this person. Just an idea.
@kittit.1615
3 жыл бұрын
Thanks for sharing 😍
@wutang23361
3 жыл бұрын
Love this. Much needed.
@Liliinvests
3 жыл бұрын
thanks for watching!
@phinguyen7962
3 жыл бұрын
He's a professional thief. He knew all the loopholes
@phinguyen7962
3 жыл бұрын
@Lili Thompson ummm is this spam
@donahvanrobello
3 жыл бұрын
This set up looks great 👍
@96alpha46
3 жыл бұрын
I would love to see more sub2 and creative financing vids.🏦
@Itsthegarciafamily
3 жыл бұрын
Karma will get him, and a blessing will bounce back to you 💘
@mikedeek
3 жыл бұрын
Gotta drop his name . Why cover it up so someone else can get burned ?
@jayvonsoares
3 жыл бұрын
I didn't even know that problems such a s this can occur.thanks for the knowledge 😉
@jessicafisher1188
3 жыл бұрын
So is it safe to say I should stay away from the homes with that type of situations
@RoeeFeeds
3 жыл бұрын
Can you make another video on subject two is? Have you ever closed a subject- to deal? Also, my main question of concern is- how does the investor make payments on a subject two deal? Wouldnt they need the personal information of the seller? Thats what confuses me the most.
@dagame4035
2 жыл бұрын
You get authorization to release loan information and a limited power of attorney from the seller in order to get loan information and make direct payment to the mortgagor
@jazmineeast9733
3 жыл бұрын
I got scammed twice so i’m sorry this happened to you. it happens to me in facebook groups and things. had a deal the seller backed out and told me that the guy who told me he was interested in buying the home stole the deal from me then after that i bought a cash buyer to the deal and the guy wanted to split my profit 50/50 i said ok but soon as he found a buyer he said i would get nothing so i’ve learned just to not really trust anybody because these people are so sketch wen they could just ask to work together i’m sorry that happened lilli
@MsOmgnowai2
3 жыл бұрын
did you have the house under contract?
@phillipstrong6826
2 жыл бұрын
Thank you!!
@KivaTV
3 жыл бұрын
A real estate agent went behind my back to one of my investor's 😤
@brandonwalker7947
2 жыл бұрын
You are awesome 😱🤯🤜🏼
@KATHIEMATA_KWREALTOR
6 ай бұрын
Wow. That's messed up!
@wesleysturdivantii4850
3 жыл бұрын
Hey Lili.. I love your channel and the content u provide from a beginners perspective as Im just beginning myself. You're doing an AMAZING job and I 120% support u.. BUT..lol.. I am curious🤔 Why not expose the creep? Its guys like him that give our industry a bad name and why they're currently enforcing laws against Wholesaling specifically! If we can't trust the individual why would a potential client, u feel me.. we're out here to help! People like him I feel should be exposed for those of us who looking to squad up with each other, thrive and be ethical! Just my opinion.. what u think?
@rubengarcia6037
3 жыл бұрын
I’m so interested for the zoom call on dec 28 😁😁😁
@Liliinvests
3 жыл бұрын
are you signed up? See you there!
@1Life1Love3
3 жыл бұрын
OMGoodness! I went to my guy who has a company Integrity Home Buyers here in Texas. I went over the numbers for 2 hours with a guy about a High Pocket are property and told me after church we will talk about it Monday. Monday I called my Agent to move on it and that guy gave all my info to another buyer and they finished all the paperwork Sunday and they closed on it That Monday morning....then he never called me back and denied everything God Knows though WoW
@Reikimakesmehappy
3 жыл бұрын
🥶 I need ice cold creative financial strategies
@RigginTheRod010
3 жыл бұрын
Call the guy out!!!!!
@chrisjackson8582
3 жыл бұрын
Never blast out deals via email
@rk2krush626
3 жыл бұрын
That's screwed up, but universal law is THE LAW. Hell get it back. I like the simpson donut in the back. Lol. I would like to see more 🥖✈️✌️2️⃣ (Sub-jet-two) (subject to) deals. Lol
@alberto700
3 жыл бұрын
Hey Lilly, next time check the buyer nails. If are very large like the bear claws, run like a cat....lol
@entrepreneur1013
3 жыл бұрын
now if you was a LICENSE agent he would not have let that go down
@JoeGlascockJr
9 ай бұрын
Seller also went behind your back. File a suit on both of them
@kharilobin1429
2 жыл бұрын
Make more subject to 💪🏾😎
@successwithstacee9290
3 жыл бұрын
That is a crazy story! Is there any risk in a subject to deal where after a certain amount of time the owner can claim that he/she still owns the home because the loan and deed is in his name?
@robhildebrandt5578
3 жыл бұрын
Great question!
@michaelh4033
3 жыл бұрын
It is a great question but I believe the way it works is once said property is sold the original owner is entitled to the equity that was in property up until contract and the equity accrued after contract would be new owners.
@RigginTheRod010
3 жыл бұрын
1.1k like and only 3 dislikes? That's a great ratio!
@kelvinadams4877
2 жыл бұрын
Hey I know you are in the wholesaling business but this was cash flow, rent property in you portfolio or maybe Airbnb, no was a wholesale to me but you learn big lesson here also don t worry you will get pay in the future.
@kelvinadams4877
2 жыл бұрын
probably the ending doing lease option, wrap or contract for deed no involve ownership transfer until loan payoff or what ever they agree.
@tr.m608
3 жыл бұрын
You the best
@indym375
3 жыл бұрын
Dang 😵 That's awful ..Its a jungle out here ..Agreed build rapport. With your buyers ... No worries tho that guy that did that just created bad karma for himself ...
@kl3940
3 жыл бұрын
subject to seems very risky because the "buyer" is making pymts to the mortgage company but what it the homeowner wants their property back? since everything is in the original home owners name this maybe an issue. also what if the "buyer" stops making the mortgage pymts and since its in the home owners name who will be held liable?
@jermaineartis4323
3 жыл бұрын
a subject to is a sale, so the homeowner cannot get their property back. that's why you have to have the proper disclosures and CYA letter. And definitely make sure it's closed with an attorney. You don't want a judge thinking you took advantage of some old couple. lol. And if the buyer stops paying, yes the homeowner is on the hook. However, that is all disclosed in your documents that the seller signs and understands when your attorney explains it. Make sure they initial each page too! However, the ethical thing to do if the "buyer" can no longer pay is give the property back. And trust me, it's a plus for the seller. They get their asset back with a lower principle balance, an appreciated home, and possibly any repairs or upgrades made. I tell my sellers..."if the worst case scenario is better than your current scenario, then is there any reason not to move forward??"
@C.O.M.2011
3 жыл бұрын
Lili when you be offering another FREE *2021 Wholesaling Kick Off Event*? Thanks....C
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