All Forum Posts by: Ryan Gougeon

Rental rates in my area are skyrocketing because everyone from up north sick of high taxes is moving here. This migration is showing no signs of letting up and I don't see the politics changing in NY, NJ, CA, IL. That said, owning rentals in FL is almost a can't miss. If I list one of my rentals i'll have more than twenty people apply.  https://www.wfla.com/news/loca...

I do think there will be a correction nationally in the next 12 months, but as mentioned above- people are moving to FL in droves driving up demand for rentals which I believe isn't going to end anytime soon.

https://www.wfla.com/news/loca...

Tampa.

Put large speakers up to the wall and blast Hanson's MMM BOP on loop 24 hours a day. They'll move out.

Don't ask me how I know this. lol

All great replies! Thanks guys! Much appreciated.

Hey Joe- thanks for the reply! I appreciate it.

In his book he claims you do own it, because you get the deed put in your name by a title company once a deal is reached to take over payments... "Subject to".

He states in his book that many lawyers and realtors will tell you it isn't legal, but so far, not one attorney or realtor has been able to point out how this is illegal when they look into it. The guy claims he speaks at all the big real estate conventions and has a best selling amazon book so if this was illegal i'm betting he'd be called on it and not invited to these events. But then again, I like to do my research before jumping in to something. Your feedback is much appreciated! Voted up.

Anyone have any opinions on this book, or Marko Rubel himself? I find his technique of "Unlimited Funding" without banks and zero down interesting, but some of it is a tad hard to believe.

I'm paraphrasing a lot here, but so far here are my takeaways from his book: 

He advises finding sellers in distress, offering to buy their property (Take over payments) "Subject To", getting the deed put in your name, then taking over payments from the sellers- and/or getting them current on their loan if needed. Since the seller's name and credit are still on the bank loan, they have to be in such a bad position that they fear foreclosure and embarrassment/ bad credit more than they do you not making the payments. 

He then turns around and does a "Lease to own" deal with another buyer, giving them 24 months to line up financing to buy the property from you at an option price, which is, of course, higher than what you paid the seller for it. 

He claims that while banks can call the note if they find out about this "Subject to" sale, it has never happened one time that he's aware of.

I already own 3 rentals, looking to pick up another one. But dealing with the banks can be a drawn out tedious process that isn't moving as fast as i'd like. 

So, for anyone using his system, what are your opinions? Thank you in advance!

Great advice. Do you have any link or specific webinar here for someone wanting to learn more?

It sounds like you are on the right track. I too think my college degree was a complete waste of time and money. I would recommend reading everything on the subject you can and finding someone to apprentice under would be far more valuable. However, there is something to be said for some of the classes your local college can offer that will help you immensely in your career; Public speaking, Accounting I, II, III, business law, and writing. Impressive you are this focused at 17- at your age I was too busy chasing girls and getting into trouble! Stay the course, it'll pay off! 

I am interested in seeing the replies to this. Great post!

There was a guy some years back that literally dismantled Robert Kyosaki and his "Rich dad" story, fact for fact. He apparently was some MLM scam guy who changed his gimmick to real estate, and then made up the "Rich dad" story. 

As you were telling your story, I half expected you to say WWE's own "Brother Love" jumped out and gave a sermon about real estate and if you buy the course, he'll LUV YEWWWW!~ (youtube brother love wwe if you don't know who he is).