BiggerPockets Real Estate Podcast - 16: Land Contracts, Creative Selling, and Finding Private Money with Clay Huber

Episode Date: May 2, 2013

Several weeks ago on the BiggerPockets Podcast, we spoke with Leon Yang about using seller financing to buy properties. Today we are going to look at the opposite side of that transaction and discuss ways you can invest in real estate by utilizing seller financing (or “land contracts”) to sell. Our discussion today with real estate investor Clay Huber is chalked full of a lot of great advice for utilizing this strategy, as well as a variety of tips for those who are just getting started or for those who are just looking for another tool to add to their investor toolbox. Read the transcript for Episode 16 with Clay Huber here In This Show, We Cover: The “accidental flip” that got Clay into Real Estate… and why he changed strategies How to use seller financing to invest in real estate, When not to use seller financing Dealing with the dreaded Due on Sale clause, Should you get your real estate license? Using a full time job to accelerate your investing The members you should have on your team How Clay finances his deals The four items to include in your Marketing Packet to attract private money Overcoming the “Bus” question… what happens if you get hit by a bus!? How to get training for pennies on the dollar Books Mentioned in the Show: Inspecting a House (For Pros By Pros) by Rex Cauldwell Links from the Show: BP Podcast 015: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm Michael Zuber How to Raise Private Money Anytime, Anywhere. Even Over Chicken Wings! A Great Real Estate Investing Resource that Cost a Penny Tweetable Topics “The best business model is to simply have a sugar-momma!” (Tweet This!) “If you buy something for retail value you are at the mercy of the market.” (Tweet This!) “Your first step in any venture is to define your goal.” (Tweet This!) “Make sure your spouse is 100% on board with your goals.” (Tweet This!) Learn More about Clay HuberPropertyGroup.com Clay’s BiggerPockets Account Clay’s BiggerPockets’ Blog Posts Learn more about your ad choices. Visit megaphone.fm/adchoices

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others who have benefited from BiggerPockets.com. Your home for real estate investing online. What's going on, everybody? This is Josh Dorkin, host to the Bigger Pockets podcast here with Brandon Turner. What up, Brandon? Let's see if we can get this right here on our 20th take, Josh. I will try. I will try. Admittedly, I have been falling short today. I'm not getting a lot of sleep lately.

And, you know, sorry to let you down, Brandon. You know, do you want a little cheese with that wine? I would love some Asi. or something else. Yeah, a whiner. My dad always says that to me growing up. Do you want some cheese with that wine? I get to say it to my friends.

If only you had some. Well, listen. So this is show 16, and we are actually doing a re-record of show 16. And for those of you who look at show 16, you will see that this is not quite, you. a full, full-length show. And why is that, Brandon? Well, there was a sad story that a lot of investors have heard of, but probably don't understand the full ramifications of,

and that is called Dodd-Frank. And we are not going to go into it because we don't want to bore you. But the fact is the stuff we talked about in show 16 is no longer allowed by a lot of new legislation. So rather than making all of our listeners go, and do things that is illegal, we will just remove the show and make you go on to show 17. Yeah. Yeah.

So unfortunately, there's constantly folks out there in our government who write laws without fully contemplating the ramifications of said laws. And I think this is the case. Show 16 was about land contracts, creative selling. And again, some of the things that we covered in the show. are no longer valid. So we do apologize and did want to make that clarification. And frankly, you know, I'm going to take a second here to make a political statement and say if you guys see these laws that are coming out as being harmful to investors in general, you know,

we definitely encourage you to step up and write to your senators, your congressmen, your legislators, and let them know how you feel. You know, if Dodd-Frank or anything else is impacting you in a negative way. You know, if we can all stand together and work together, I think we potentially can make some changes. And so I encourage folks to speak with their, with their keyboards and their phone calls. Wow. Look at you, Mr. Political. That's how we work, man. That's how change happens. You got to, you got to step up and not, you know, hide behind those turtle shell glasses of yours, Brandon. So that's it. That's the show. Sorry to disappoint guys, but once again we had to pull this one.

Jump in, check out the rest of our podcasts. And if you haven't already, make sure to jump in on bigger pockets where you can ask questions, read up all about Dodd-Frank and lots of other prevalent and relevant issues. Is prevalent the right word? Sure. Sure. Yeah. Say whatever we want to say.

Yeah. Nobody's listening to this anyway. They've all gone on to 17 with Jeff Brown. 17 with Jeff Brown. Listen to the ball guy, guys. He knows what he's talking about. All right. With that, let's get out of here. This is Brandon and Josh and Josh. Signing out. You're listening to Bigger Pockets Radio.

Simplifying real estate for investors large and small. If you're here looking to learn about real estate investing, without all the hype, you're in the right place. Be sure to join the millions of others who have benefited from BiggerPockets.com. Your home for real estate investing online. Thank you all for listening to the Bigger Pockets Real Estate podcast. Make sure you get all our new episodes by subscribing on YouTube, Apple, Spotify, or any other podcast platform. Our new episodes come out Monday, Wednesday, and Friday. I'm the host and executive producer of the show, Dave Meyer.

The show is produced by Ian K, copywriting is by Calico content, and editing is by Exodus Media. If you'd like to learn more about real estate investing or to sign up for our free newsletter, please visit www.biggerpockets.com. The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk. So use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose.

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