Stack Method?....what guru is selling this idea?

Question

Got 3 offers this week that were nearly identical in nature on a listed home.

They all seem to be using the same software or spreadsheets, although for one guy he hasn't really figured out how to use it yet and missed about 1/2 the most important blanks.

DSCR loan to pay off current mortgage buy new buyer. Owner carries 2nd for the difference between mortgage and asking price. Buyer pays all closing. Pretty thin margins already for everyone.

I know it has to be some guru selling software with this junk, because 2 offers came in same day and near identical default terms. Third offer came in a day or two later with very similar pricing, terms and spiel. So just trying to figure out what guru / bootcamp sold them the software and/or the concept, and how successful you guys that are using this are at closing deals with this method.

Garrett Crosby · Answer

We see variations of this all the time in the LA/CA market too. The DSCR-wrap-seller-carry combo can theoretically work in very specific situations (seller has no equity, motivated to move, doesn't need cash out), but the guru version ignores that most listed sellers have equity and want actual money at closing.

The tell that it's a course/software play is exactly what you described: identical terms, same blanks filled in, same spiel. These folks are using a template they paid a few thousand dollars for and have no idea how to adjust when the seller's situation doesn't fit the model.

Your closer technique is smart. Asking for 3 verified deals they've done with the method ends it fast. Anyone actually doing this successfully would have examples ready.

From a listing agent perspective, the bigger issue is that these structures often have title and lender complications that the buyer hasn't thought through either. DSCR lenders underwrite the property, not the buyer's creative structure on top of it.

Chris Seveney · Answer

I keep getting text messages from people for properties I have not owned for years - mls and other places including Propstream etc show I don't owe it so same people must be buying some really bad lists from people as it's been 5+ years since I sold it....

Bruce Lynn · Answer

@Jay Hinrichs  Thanks for the update.  It would be a rare day in my world, that I would take one of those deals myself and almost none of my sellers ever could have taken one.  I think I have finally found a way to get rid of these jokers.  I usually just ask them to tell me about the last 3 deals they've done using this strategy and to share the addresses so I can verify the mortgage documents.

The email gurus never respond.

The dialing for dollar experts get really choked up when I ask that.

It does stop them all from calling/emailing again.

I'm open to looking at anything, but not BS.

Stack Method?....what guru is selling this idea?

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