Property Millionaire Starts Again with Nothing in a Foreign Country (Part 4/4)
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Property Millionaire Starts Again with Nothing in a Foreign Country (Part 4/4)


Samuel: So, I’ve got seven days to buy a house
in the United States of America using none of my own money. Samuel: I’m not going back to the hotel until
I speak to someone who’s prepared to give me that house, man. Child: That’s gay! Samuel: I mean, I’m common, I’ll go freaking
anywhere. Samuel: What am I supposed to do? Confirm
with him every 15 minutes? Samuel: What’s that? Samuel: Do you want to come? Alasdair: No. Speaker 5: We need the money, I want to get
out of the city, na, na, na. Samuel: Thanks for nothing. Samuel: How would this happen? Samuel: We have a lease option on it, and
then he has rate to rent on it. Alasdair: [laughing] Samuel: Would you never consider just renting
this out yourself? Rich: I did, like I said you see the clothes
and everything they just moved out march first, and this has only been rented, the middle
of February . Samuel: Yeah, I’m just thinking if the appreciation
is going to be so good, and the rent is so good- Rich: Like I said, right now I’m trying to
do two other projects, or else I wouldn’t even sell this one. Because for me to sit
around and fix this up and collect nine hundred a month, well, eighteen hundred between the
two floors, what’s the sense of selling, you know? Samuel: Yeah I know I’m just- Rich: What’s the sense in selling? I’m collecting
eighteen hundred for something I don’t have to do anything to, you know? Samuel: I think you’re crazy not renting it
out yourself. What would you do with the money? Where would you- Carla: I’d buy a new property. Samuel: You’d buy another property? And then
you’d fix it? Carla: And sell it. Samuel: And sell it. Carla: I want rentals which give me which
give me the stable income, and I want the flips- Samuel: She’s a smart lady this one. We need
to learn from this one. Carla: So if this is going too fast right
now, this is still here. Samuel: Yeah, that makes sense. Samuel: What would be the lowest you could
accept and live with and make profit still? Carla: What are you thinking? Samuel: Obviously, I need to do some number
crunching and that. But from what you’ve told me about the tenants and stuff like that…
I mean hey, obviously I have to work for you and it would have to work for us. What are
you thinking? Carla: I’m asking seventy-four. You tell me
what you would like to offer. Samuel: They always do this in the states.
They always make you put the figure in first. Carla: Yes. Samuel: If we were to buy it cash, tomorrow,
what would be the lowest you could accept, and still live with? Mike: What number do you have in mind? You
know, sixty-five? Samuel: Its hard because there’s a lot of
properties that are really really cheap. Samuel: If we bought it cash, and we just
went for it, it’s on for seventy-four. If we put an offer forward for the low sixties,
would that offend you? How would you feel about that? Carla: Sixty-nine? Samuel: Sort of low sixties, like sixty-three,
something like that. Carla: Or sixty-nine Samuel: Or sixty-nine. Is that as low as you’re… Carla: That’s pretty close to the bottom. Samuel: If we did sixty-nine, but asked for
you to pay for the transfer fees and stuff, would that work for you? Carla: He’s trying to play with numbers…
if you paid sixty-nine, and I could contribute three percent. Samuel: Okay, so you’re basically saying,
if we bought it for sixty-nine, you’d go halves on the- Carla: Right. Samuel: If we bought cash then, eighty-one,
would that not work for you? Rich: Let’s do this. If you’re really really
serious about it, right? That’s going to be about forty-seven hundred in total, with closing
costs so… Okay, if I pay the closing costs and everything, right? Let’s do eighty-six
cash, everything. That’s everything. Samuel: Eighty six thousand and you’ll pay- Rich: I’ll pay the closing costs, I’ll pay
the transfer tax. Samuel: So how long would it take for the
title deeds to be in my name if I had the money? Carla: They could do it next week. Samuel: Really? That’s quite cool. That’s
quite cool. Samuel: I’m going to go for a lease option
agreement. Samuel: We will either pay the price that
you want but on our terms, or, we will pay the price that we want but on your terms,
upfront. Samuel: See if we were to buy this in cash
tomorrow, we’d want a bit of a low- Mike: Yeah that’s what I’m saying, just buy
it cash and id rather have cash. Samuel: Why’s that? Mike: Verses in three years, because I’ve
actually got a lawyer. I got two people interested who ain’t got the cash, but this is weird. Samuel: But they’ll maybe give you what, sixty-five
thousand or something? Mike: Yeah. Samuel: And then we can fix it up, put tenants
in it, and then we complete… if we don’t complete and we say “actually we changed
our minds” then we lose our deposit, which can be five thousand pounds or something like
that. Rich: It would be like a seller financing
it to you. No, I’d rather do like all cash offer, because like I said, I am trying to
do two other projects at the same time. Speaker 10: The benefit though, is we will
do the refurb in the house, and if you never hear from us again you’ve got a fully refurbished
house. Rich: I can easily say, let me go to the bank
take out three grand and fix everything up, put tenants back in, you know? Speaker 10: This would cost more than three
grand. Rich: No. I can have a guy come here tomorrow
take this back, this whole floor for me and then start painting on Saturday, for at least
nine-hundred dollars. Speaker 10: In five years how much do you
think this could be worth? Rich: Oh shit, five years it’s going to go
way up. Like I said, take over the panels- Speaker 10: Like what? One-fifty? Rich: No more than that. Easy more than that.
You can look at the Zestimate it will tell you more than that. Speaker 10: Yeah. Speaker 10: You want sixty-five? Mike: Yeah. Speaker 10: Would you be up for any sort of
deal? Any sort of arrangement? Or any sort of deal where perhaps we come to an agreement
for a higher amount but not straight away? Mike: You talking like rent to own? Speaker 10: No, not rent to own, like a lease
to own. Where we take care of everything, so maybe, I don’t know? Eighty-five? Mike: Wait eighty-five hundred down? Speaker 10: Eighty-five thousand, in three
years, but in the meantime what we’ll do is we will essentially be your tenants. We’ll
give you a monthly rent. But we’ll give you eighty-five thousand for it, in three years. Mike: No, I’d rather have the money upfront.
I’m in no rush to sell it. Speaker 10: No, no, I’m not saying that. Mike: See, a lot of people offered me that
same deal, the same deal as you, I’m like nah. Just straight cash because what I’ll
do is, I’ll take that cash, and buy more. Speaker 10: Yeah. Samuel: If we got a really good deal on this,
for cash, like a really good deal- Mike: Well you shoot the number, the only
thing I could say is no. Samuel: Well we’d have to crunch the numbers,
we don’t have time to look for sure, but if we got it like… it would have to be 20,
at least 20, 25 percent lower than what you were asking. Maybe around fifty. Mike: I could do like fifty-five. Samuel: Why would you do fifty-five, but then
not eighty-five in three years? Mike: Because I need a lump sum. Samuel: But you don’t need the money? Mike: Yeah I don’t need it. No, I don’t need
it. I’d rather sit, because I’ve got a lot of offers. Samuel: And there’d be no way you’d be prepared
to do a delayed completion, you wouldn’t do that? Carla: No. Samuel: Under any circumstances? Carla: Because, well no, not now. Because
I have other things in place. Samuel: Its been a pleasure. Thank you for
your time. Samuel: We’ll be in touch. I’ll give you
a shout tomorrow. Bye. Rich: Twenty-four hours, whenever you’re ready,
let me know Samuel: Alright man, I really appreciate your
time. Samuel: Thank you. Samuel: He was just standing in the middle
of the road, what the heck is he doing. He looked like he wanted to kill me. Samuel: I can’t even answer, look at that.
Hello can I help. Mervin: Hey SAM, how is it going man? This
is Marvin, the house seller just following up with you. Samuel: Cool man, I’m good buddy, how are
you doing? Mervin: I’m good man, I can’t complain, just
hanging in there. So I was talking things over with the seller. Just wanted to let you
know what the consensus was. Samuel: Okay one second. Hold on. Samuel: Are you filming? Samuel: Yeah go for it man, what did they
say? Mervin: Okay, so basically, he’s open to the
idea, very much so open, but, he’s a little bit concerned about a few things. One of which
is if you guys will be able to effectively manage the property, with tenants. What if
tenants were to trash the property and you guys were away in the UK? Samuel: I understand mate. Mervin: You don’t really have hands on approach
with that, unless the property management company is solid. And then also, he wants
to be clear on terms of the agreement itself. What exactly is the total duration like years?
How long would it take to repay off the agreement? You know pretty much that’s it, those things
he just wants out lined. He wants to be sure. Samuel: Okay, no, no, I totally understand.
So, basically he’s open to the idea of us taking over his mortgage, and everything,
like we talked about, but, he’s just got a couple of concerns, and wants to make sure
its done properly. I totally get that. That’s cool. So, are you around? Do you want to maybe
meet and just go through all the different ifs and buts, and I can talk you through…
I don’t know, what do you want to do? Mervin: Well, I’m actually maybe about twenty
minutes or so, away from the property, but I could be there. I could meet you guys there.
If that’s okay for you? Samuel: Okay. Yeah. Were just leaving Camden.
It’s not been great, so I think this property would be a lot better. I guess we could probably
be there in about half hour. Speaker 13: Yeah half hour, forty minutes. Mervin: Alright, half hour sounds good. Samuel: Call it forty minutes just in case,
traffic, but yeah that’s great. We can have a chat and see what happens. Mervin: Alright, okay, sounds good. Samuel: Would you do me a favour? Would you
just text me the address again, because I can’t remember the exact address and were
just in the car at the moment. So, if you text me the address, and we’ll be there in
the next forty minutes. Mervin: Okay, I’ve got you. Samuel: I appreciate that man. You’re awesome,
I’ll see you in forty minutes. Mervin: Alright no problem. Samuel: Cheers bro. Bye bye. Mervin: Alright bye. Speaker 13: What the fuck? Samuel: Oh dude. I think we’re going to get
a deal. Come on! Samuel: So what’s the plan? How far is it
from here? Speaker 13: It should be in here. Samuel: Really, really hope that we don’t
miss this appointment. Listen- Speaker 13: Hold on mate. Samuel: What did he say the concerns were?
The tenants? Speaker 13: His concern is that we’re going
to bugger off back to the UK, the tenants are going to trash the place, and then he
never hears from us again. Samuel: Okay, we need to meet him, if we get
the agent on side, that guy, we can one billion percent do this. I think. I mean, if we can
get Mervin on our side, if Mervin wants this deal to happen, it will happen, because the
seller is motivated. So, we need to go over and get him on side. Big time. Maybe let me
do the talking. Samuel: Hey Marv, you alright? Its cold out
man. How are you doing? Mervin: So he was wondering if you guys would
be opposed to maybe giving him an extra couple grand up front, just to get it done and seal
the deal. Maybe two grand up front. Samuel: Okay, I think we can do that. Mervin: Okay. Samuel: I say it doesn’t matter. Speaker 13: Mate no, I wouldn’t- Samuel: Hold on Speaker 13: I get why, but that means we’re
going to have to raise two- Samuel: Come on, we can afford it. I think
the thing is, so what’s the crack then? What’s he actually- He’s happy to do a lease option
on it? Mervin: Yeah he’s happy to do it. He’s just
concerned about everything else I mentioned, with the tenants and the five years. He’s
open to it but its still half a decade, obviously so. Samuel: What are his mortgage payments? Mervin: His mortgage payment is roughly two-hundred
dollars a month. So, that’s what you need to- Samuel: Is that interest only? Mervin: Yes. Samuel: Okay, that’s cool. What’s his main
concern. Mervin: His main concern is just the duration,
that’s the biggest thing, the duration of the deal. Can you give a little extra upfront?
That’s what concern- Samuel: Yeah, because obviously, he’s not
got much equity in the property, so I get that. Okay. If we said to him, we’ll give
you two thousand pound upfront, then we will pay two hundred pound a month, to cover his
mortgage, and then in five years we will give him seventy-five thousand pound, would he
be up for that? Mervin: It may be possible, because that sweetens
the deal. Its more money than what you offered initially. Speaker 13: Why don’t we say to him, no money,
and give him more money per month. Like three-fifty. An extra hundred and fifty bucks a month,
he’s going to get his two grand in the first year. He’s going to get an extra six, seven
grand. Samuel: What are you going to get out of this
deal if we do this? How are you going to get paid? Mervin: Well the fee I have to get would have
to be negotiated. To negotiate anything above that mark up would be my fee, or you guys
could pay me on the side if that’s something you’re open to, but usually, there’s an assignment
of these types of deals, that’s typically the traditional way. Samuel: Basically, what you’re saying is,
you would like potentially something upfront from us, in order for the deal to happen. Mervin: That would have to be the only way
around. Alasdair: We have more options from other
buyers. Samuel: You know what could work. You know
how much money we’re going to make off this deal if it goes on. Mervin: I could calculate, I don’t know? Mervin: We know the rent is approximately Samuel: Well you tell us- Mervin: You told us eight to twelve. Now we’ve
confirmed with other people, other neighbours that, for instance, we know there’s a house
just down the road that’s renting now for eleven-fifty. We know that because we’ve spoke
to the person living there. Samuel: How much would this rent out for? Mervin: This one would rent out for roughly
minimum 8 hundred, 12 hundred gone up. Mervin: [inaudible 00:15:36] Samuel: Basically if were paying him 2 pounds
a month, we’ll rent it out and make that profit in difference and then in 5 years this property
will point to a lot more than 75 Mervin: Yeah, a lot more. Samuel: And then when we pay him 75, we’ll
obviously be able to cash in the difference, we could even sell it at the end of the term. Alasdair: If you want a fee, what do you think?… Samuel: Shut up. Can I just have a little
chat with Alasdair, just give us one minute? Samuel: Okay, I’m filming, if we said, if
we said to him, because he could cut us out. Alasdair: Yeah, don’t think he’s gonna. Samuel: He has never done a lease option before.
We’ve done loads. Alasdair: Yeah.. Samuel: If we say to him, we’ll take over
the mortgage payments we’ll be the person that makes everything happen and all that.
He can have all the cash flow. Alasdair: Yeah Samuel: All the cash flow, so anything above
3 hundred, no 2 hundred Alasdair: No well we said we would give 350
so can we factor- because we don’t want to pay 2 thousand pounds. Samuel: No no cause that £2000 was really
for him. Alasdair: You’re right. Samuel: Yes 100 percent. Alasdair: Okay Samuel: 100 percent. Samuel: So if we give the vendor, also we
leave him to own this, because if he owns this he will make it happen. If he doesn’t
care, it won’t happen. Because we can’t speak to the seller. Are you with me? Alasdair: Yeah Samuel: If we say to him look, well help you
and teach you what lease option is, right? Alasdair: Okay yeah. Samuel: You pay the owner, 200 bucks a month,
anything above that you keep. Samuel: But your responsible with that money,
for the maintenance of the property. Alasdair: Mm-hmm (affirmative) Samuel: But then at the end of the lease,
we have the option to buy it. This is the most complicated agreement ever. Alasdair: Do you think that’s fair? Samuel: Yeah, yeah, yeah. We have a lease
option on it, and then he has a rent to rent on it. No, honestly because then when we go
back to England, we don’t have to do anything. Alasdair: Yeah Samuel: We won’t make any cash flow. Alasdair: Yeah, don’t matter. Samuel: But we will have the option to buy
it for 75, in 5 years time. Alasdair: Wait, let’s do that. Samuel: And it’s going to be worth hundreds
of thousands in 5 years time. Alasdair: How we going to get him to go for
this though? Samuel: I’ll get him to go for it. I’ll be
able to do that. This is hustling…this is hustling! Right now we’re upstairs Alasdair: In a dark room. Samuel: In a dark room, okay heres the deal,
heres the rules, I do the talking Alasdair: Right Samuel: But if I say what do you think [inaudible
00:18:11] that means I am struggling Alasdair: Yeah. Samuel: And then you take over it, his risks
are that the tenants will trash the place. Alasdair: Yeah. Samuel: So he just needs to keep an eye on
it for his money. I’ll sort it out, It’s time, It’s cool. Okay. Samuel: Alright, so we have a proposal for
you. Mervin: Oh yeah what’s that? Samuel: I know you like to make money, what
do you do at the moment? Mervin: At the moment, I am wholesaling, I
am pretty much full time and so of course I want to grow that into a more lucrative
business and other real estate realms so. Samuel: Are you married? Mervin: Oh no, Samuel: Kids? Mervin: No, kids no. Samuel: Where do you live with? Mervin: Family for now Samuel: Uh-uh (negative) Mervin: Yeah Samuel: How much money do you make? A month
wholesaling On average? Mervin: On average any where from 3 to 5 grand,
if not more. Samuel: How much did you make last month? Mervin: Uh, last month ? I made about 25 hundred. Samuel: Okay Mervin: It’s a bit slow, this beginning of
this year has been slow. Samuel: So basically its been slow because
you only get paid when you make a deal right? Mervin: Yeah Samuel: Have you ever thought about managing
properties? Mervin: Yeah, I am opened to it. Samuel: You’re just opened to making money
right? And learning new things. Okay heres the thing, if we buy this property on a lease
to buy agreement, we will make really big cash flow every month, the problem is from
our point of view is we’re not in the area, which is also a problem for the owner because
he’s thinking these guys aren’t in the area, what happens if the back tenants does that
make sense? Mervin: Absolutely. Samuel: Were suggesting that we buy on an
option, but you manage it, and you keep 100 percent of the cash flow. 100 percent. So
we pay the landlord 200 bucks a month, the owner. Mervin: Okay Samuel: Then you rent it out, how much will
you rent this place out for? As it is. Mervin: As it is, probably 800 bucks. Samuel: 800 – so you pay him 200 and you keep
800 and you might have to pay some cost and stuff but as a profit you keep 100 percent
and then in 5 years, well buy it for 75 grand , that will be our option to buy it, and then
you can continue to manage it for us and well give you the percentage of rent probably but
that’s 5 years, you’ll be a millionaire by then, ill be a millionaire by then. I don’t
know, what do you think? Mervin: Oh yeah, I mean I’m open to it that
sounds really good, that sounds like a good proposal. I think that’s something that we
can work out, so at this point what do we have to do to have everything set up and [inaudible
00:20:50] Samuel: You need to speak to the owner. Mervin: Okay Samuel: You need to tell him we’ll pay him
200 bucks a month, we’ll buy it for 75 pounds in 5 years, I’ll give you all the contracts
and stuff, to do that which he can sign, I will also send you another, memorandum of
understanding which we can sign which is what I basically just told you the bullet points
of this conversation, and the agreement and you can sign it, we’ll sign it and if you
can get the seller on board you should be making at least 3 hundred to 400 bucks a month
and just from managing it. Mervin: That’s awesome. Let’s do it, Done,
Let’s do it. Samuel: Deal man. Mervin: Deal! Samuel: Your friggen awesome, Mervin: You’re awesome Speaker 15: I did it! Samuel: I am absolutely stoked we just sent
over the contract to Marvin, the broker he has sent it back , the deal has been agreed
and tomorrow morning we are flying back from New York to London. Samuel: What a week, what a week. You know
what it’s been an incredible, incredible journey. Samuel: I hope that you have managed to make
sense of what’s been going on, so basically we are buying the house on a no money down
lease agreement but the estate agent will be managing it and taking control of it and
benefiting from the cash flow. It is the perfect joint venture. Samuel: We also spoke to Marvin and do more
deals with him and he’s learned so much and inspired he’s now going to be looking to do
more lease agreement options himself. Samuel: You know what it just blows my mind
and the lesson in this is not that I am fantastic, not at all, I was actually a bit of a dummy
this week, the lesson is with the right knowledge and the right grit and determination, anybody
can make money in the property industry any where in the world. You just need to take
action, get the knowledge and go do it . WOW Samuel: Come on! Look at this whoo! Boom ! We
did it. I can’t believe we did it but we did, what a day to be alive. Samuel: To think when did we found you just
from Zillow? Mervin: Yeah Samuel: And now we’re in business together.
So this is going to be on you tube. Are you okay with that? Mervin: Hey you tube, my name is Marvin. We’ll
see you soon alright? Samuel: Are you okay with this going on you
tube? Mervin: Yeah that’s fine absolutely . Samuel: Oh man you know what were really killing
it in the UK, Mervin: What’s your name on your youtube profile? Samuel: My name is Samuel Leeds Mervin: Okay, alright Samuel: Yeah, yeah were killing it in the
UK. We came to the states with no money basically on a challenge to try and do a deal on no
money and if it wast for you we wouldn’t have been able to make a deal so you are the friggen
man Mervin: Oh wow, I feel like I’m on… Alasdair: You’re famous man! Mervin: On a TV show or something . Samuel: Nah nah nah, but you know what? This
is awesome and I can’t wait to do business with you, so well [inaudible 00:24:06] tonight Alasdair: Yeah yeah well get what is called
a memorandum or sales to the vendor, its basically just it lays out what we’ve agreed you sent
us the contract what were going to do and then that’s what you do mate. Mervin: When you say the vendor, you mean
the owner? Alasdair: Yeah the owner, yes the owner, sorry
that’s my english slang… Mervin: Alright Alasdair: Give it to the owner, he will sign
it and then we can put them in touch with the realtor. Samuel: Is this the strangest agreement you’ve
ever made? Mervin: This is the most unique deal I have
ever been involved in Alasdair: And obviously going forward your
going to be responsible for fitting tenants in here? Samuel: You can do that can’t you? The only
thing you’re going to have to pay obviously just the basic it’s going to be like you own
the property. Mervin: I see, alright Alasdair: So don’t go spending the rent every
month, maybe just keep 2 to 3 hundred bucks back. Samuel: That’s cool, Man you’re awesome Mervin: Thank you guys, I appreciate this
opportunity, this is awesome Samuel: Your awesome bro. You’ll have to come
to the UK man, thank you so much I appreciate your business , I look forward to working
with you, I’ll look forward to it man!

100 Comments

  • Ryan Quintana

    Could you show the math of this deal so people could understand. How are you financially free? Is he (Marvin) paying the owner (mortgage) and getting cashflow from rent? Or are you paying the owner (mortgage) and him getting cashflow?

  • DJ McGrath

    I saw two things Sam saw. I could tell Marv just wanted the 2 grand… he didn't want to be cut out of the deal, it was a white lie. I could tell that all the home needed was a manager but I was bamboozled to how I could afford a manager out of the rent. This was pure Genius on Sams side. I wish I knew and had the documents such as the memorandum Alistar was talking about at the end. Can anyone forward that information on to us? Would a conveyancing solicitor/lawyer help with that work.
    Beautiful display of dancing negotiation and creshendo. Bravo.

  • Abjezed

    My god this is just the most brilliant deal all around. The initial seller gets his mortgage paid off and doesnt have to worry about his payment anymore PLUS gets extra value for the house a little ways down the road. The intermediary guy (Marvin) who was only expecting to collect a quick 1-2k commission now gets $400 a month for 5 years (~24K) just to oversee the property. Then Samuel and friends get to sell the house for 3-4 times that price down the road. It's a win win for everybody, and thats the art of an amazing deal. Incredible video.

  • 242 098

    Why couldn't the Landlord have rented it out through Marvin if this house could be rented out at the first place? I think after Michael signed the deal, the real issue will show up – this house simply can't be rented out because it's in a remote area. Sam end up not being able to pay the lease option, and will end up losing it all after 2 months. This all ends up a joke. Sam loses a few grand of refurnishing cost, Marvin got played, and owner got back his house. How has Sam ever made anything at the end of the day then?

  • James Wheeldon

    @SamuelLeeds What money are you making though?

    You came home with nothing but a $200 monthly payment and no passive income

  • James L. Walsh

    So if I understand correctly, Samuel will make his money in 5 year by picking up on the cashflow generated from rent, and also from the appreciation that house had over these 5 years?

  • atlantic banter

    so what's the upside for the seller, that he has to do nothing and that's it? Whilst all that money is left on the table? win-win-lose kinda deal, if you ask me

  • Truly

    Samuel this deal that you pulled off in USA deserves a Nobel prize for property deal. Great triumph of the human spirit.

  • Mara

    Awesome video. Next time please add subtitles for all speakers. Personally I find British english harder to follow than American english (and for others it might be the other way around). Considering you have a Global audience, subtitles will be benificial to all.

  • Sylith

    So what does Samuel do now with his option to purchase for $75k in 5 years time? Does he have to wait 5 years to make any money by buying it in 2024 and selling it on? Or can he sell his 'right to purchase for $75k' to someone else for a price between $75k and the 2024 predicted price and make money now?

  • Super Duper

    again, i am from europe. i think they do not do those sort of deals, because they do not trust you. there seem to be alot of "rats" in the US, if you understand what i mean. just have a look at the first house full of rubish. in the UK there is alot more trustworthy people i guess.

  • Crispy CornzRs

    this might seem stupid of me, but how does samuel buy the house for no money when he says he will buy the house for 75k after 5 years without gaining a profit on the property. Someone explain please 🙂

  • Martykungen

    WOW so inspiring! This is something i wanna try myself as maybe a startup. It looks hard but you just proved it is not impossible

  • Devin Chapman

    How the hell do I find an investor for real estate? Any ideas anyone? Real honest answers If you dont mind

  • vetrocide12

    I am so grateful this showed up on my reccom. I'm miles away but I had a similar idea different context for a deal that I'm currently working on, I couldn't see it happening until I watched this. I had totally overseen the middle man. The minute he said 2K Dollars up front I knew it was for him, but I didn't see the angle of giving him a slice of the monthly income, let alone all of it for 5 years!! Bravo!!. I'd offer mine a slice of the rental and a share of the margin gained from sale(attach them to maintaining the property). I'm excited, thanks Sam!! New Subbie!!

    AMERICA & The West….. The systems pay you to get rich….

    Whats next?

    When it comes time to buy, will you only have to pay the 75k? Can you pay it earlier? And If the property has appreciated to say 175k, can you borrow 75k to pay it off. Leave in the equity of 25k to refinance for 150k look for another 2 @ 75 to do the same? Or use the 150K to repeat what you just did, but this time partner with solid property manager pay agent one-off 1,500 as fees upfront to make the deal happen, rent out & pay 20/50% property manager/agent 20% loan 30% Income. You could potentially buy 50-100 options. assume value 50k per house= $ 2,5 – 5 M with monthly income c. $ 15-30K. After consolidation(1-2 years), you could sell the entire portfolio for $7,5M (discounting revenue) Yr 1 netting $2,5M after paying them off. Investor rakes in $1.8M in managed rental income and another $2,5M appreciation over 4 years. Attractive, low risk.

    New challenge…$0 – $2 Million in 24 months' Let's do this Sam-Bam!

  • N D

    8:00 – My corportae finance lecturer always said that a bird in the hand is better then two in the bush, that instantly sprung to my mind when Samuel asked his question.

  • Devin Albert

    This was awesome, I watched the whole 4 part series! Very inspiring as I'm in college in the United States trying to get into Real Estate too! Would love to see another one of these series in America, congratulations!!

  • Vision John

    Thoroughly enjoyed those videos, I have no interest in property but I do in business and it was fascinating seeing how you operated. Truly motivating. Thank you!

  • Live Your Best Life

    I watched the whole thing. Can someone please help me understand WHY in the world would an owner sell someone the *OPTION* (not the obligation) TO BUY a property in 5 years and collect rent that is 1/4 of what the owner could get if he put it on rent himself with 0 money up front. Is there something I am not understanding…what the hell

  • Bruce Wayne

    But I'd argue that you didn't buy anything. You basically signed a futures contract with the owner with a pv of $67,929.81. You make zero money for 5 years. Also, how does a person making about $15/hour save up $75,000 in five years? That 60% of their income over those 5 years.

    If you really want to get started with real estate investments then start with REITs. They are basically stocks but must pay out all of their profits to investors. Some good REITs include Realty Income Corporation, Main Street Capital Corporation, and iron mountain Inc. All of these start under $100 per share. They have dividend yields upwards of 7% a year. This is not even including the yearly return of the stock itself.

  • Naruto Uzumaki

    WOW.. Thank you I'm gonna make sooo much fking money because of this video i just saw, holy fk.! just brilliant…

  • Disciple808

    Thank you for the inspiration. I'm trying to work the market here at home (Hawaii) and learning as much as I can.

  • Matthew Cobley

    Let me see if I got this right? You have an option to buy in 5 years but you will be paying $200 per month until then, and because you gave the Agent all of the free cash-flow, your cash-flow will be negative at -$200…… so, a jam tomorrow deal?

  • wil hallman

    8:37 into this video and you've A) talked to all the wrong people and B) lied to every one of them about your true intentions.

  • wil hallman

    She was saying, "Sheriff's Sale". A Sheriff's Sale is a Tax Auction. The guy Marvin is not a "House Seller" he is a "Wholesaler". I'll give an A for effort though.

  • wil hallman

    Would've been hilarious if you broke your phone when you threw it down and couldn't get the text message with the address HAHAHA… ok maybe not so funny

  • wil hallman

    Last thing I'll say.. you didn't complete your challenge. You did not buy a property. You obtained an option to buy the property at $75k in 5 years, but that option could easily become worthless in the event of a foreclosure, total loss or even tax sale. If the current owner dies for instance, you're beat. Now deduct all the costs of flying to NYC and traveling around from your profit of ZERO and I'd call this a complete failure. A gamble at best. Word of advice, if you want any protection for option, register it at the local courthouse and file your interest in said property.

  • Graham

    Who can't afford $200 a month to pay they're mortgage until its sold + why don't they just rent it for 800 and make the 600, are the owners mentally retarded?

  • Rytis Kurcinskas

    Plot twist in 5 years time another recession would of happen and the house is worth 25 K ,,, these guys are loosers and nothing more

  • Chru

    Why don't the vendor just talk about the same deal with the owner and cut you goes out of it. It would be the same but he would own the house after 5 years instead of you

  • Carlos Cueva

    I highly recommend watching all 4 episodes. There are No theories .. No concepts.. This was real life detailed schooling that you can take and apply in your life now. I just Subscribed. You created a fan Samuel! All the best to you and the family

  • Matthew Clarkson

    Wait, i don't get it, so basically you originally proposed that you'll essentially take on the role of managing the property, but have now managed to convince the wholesaler to be the property manager, instead making him take on all the responsibilities, whilst you just get the option in 5 years of buying it for the now price of 75k… in that case whats to stop him just turning around to the seller and proposing the exact same thing, just cutting you out?

  • Al Catraz

    I am not an english native speaker, so I try to understand. The owner got his 200/month morgage paid by Sam, the agent Marvin got the work to find tenants and maintaing the house for the 100% rent fee (800/month). Sam got the right to rebuy the house after 5 years for 75k. Is it right? But who pays for the renovating costs? Thanks

  • theANSWER4MVP

    Love the series! One of a kind and amazingly valuable…. I'm completely new to this so guys please help me out… the only risk here is that the House is worth less than 75K in five years?

  • Arthur Osipov

    wth….you did not buy a property in 1 week with no money you got an option to buy a property in 5 years that means no cashflow ATM wich is great when you got other cash flow but if you are starting from scratch thats not an option yeah you made about 50-75 k in 5 years when (if) that house sells for more and thats a big if idk i dont see why are you guys so happy about it

  • Patryk Samsonowicz

    That wasn't a success. On every part he was taking that he will BUY a house. And he didn't . He make himself very Good option for buying , and in theory very good investment . But he still didn't . . On first part he was taking proudly that he has 0 money and he will somehow buy a house . At the end he still has 0$ and no house . Still he somehow must get 75k$ in 5 years to seal the deal
    Probably he can find investor and get a cut . But the fact is that , even they theoretically he newer owns this house

  • No Cookies

    Im not experienced in the indistry at all so I might be missing something, but I don't understand at all why in the world those owners are selling those houses, when everyone is expecting it to double in price only 5 years down the line… Hell with thos absourdly high rents they can pay back their morgages and be debt-free in 5 years time and than basically the selling price is pure profit to them… So why sell it??!! Maybe someone can explain that to me…

  • AOC Industries

    Mr. Leeds much respect for you and your work come to Columbus Ohio USA 🇺🇸 and do the financially free challenge 🔥🔥🔥🔥

  • Jack

    You should do a "investing £1m into NY property" series! Go low ball some cheap houses cash and rent them out asap. Show us the stats after 1 year. Expenses/ taxes/ profits

  • Måtten

    Here's a question. Maybe Marvin (the one who's managing it for you guys), decides not to mention you guys to the owner, and then do your proposal himself. Could he do that? Then in 5 years he could buy it for 75.000 if he wants. What would stop him from doing that other than ignorance?

    I'm just wondering… Hopefully someone could help me out.

    Congratulations on the deal anyways! 🙂

  • Unknown Soldiεr

    WOW! I learned SO much from watching these 4 videos. I was paying VERY close attention to the lease option and how it works while taking notes. I've seen videos of this other investor who talked about the lease option but doesn't really explain how to do it UNLESS you pay for his program. I thank you VERY MUCH for putting as much information in the videos, it has helped alot💪🏼. #FutureInvestor

  • Marie Scott

    Watched all 4 videos what a deal. Congratulations to all and what a fantastic guy Marvin is. I wish him every success for the future.

  • Damon Keizer

    The main takeaway that I got from this series is that you need to solve problems! It still is the only way to become wealthy. With the deal you got you solved two problems! Love it Samuel!

  • Dreams of James

    PLEASE DO COME!!! WE DON'T REALLY HAVE A FLAT YET! BUT WE'LL ! IT'LL ENCOURAGE US EVEN MORE!! WE'LL GET YOU(US) A PLACE!!! :)))
    LET'S DO THIS!!!!!^^

  • Will Jack

    Samuel, this really is gold. Getting to see it really being done sets you apart from the others. Great work, great effort and good fun vids.

  • ndiahu I

    Would love to hve the opportunity & be financially stable for me & my daughter. I hope it’s me. Thanks, everyone good luck:)

  • yuri vanishev

    Sorry didn't understand why should the seller agree to the deal?,
    There is a 894 people with no ability to buy a house that understood the concept, and one person with at least 2 houses that already have that didn't understand the concept of lease to buy?,
    If he's mortgage is 200 and he can rent it for at least 800, So basically he will give up 36k just to get 30k profit?
    But you will not pay and pay a penalty and refurbish for 6k and earn 30k after 5 years, So basically you don't even need to buy houses,You just need to find this deals,
    Explain me please what is the owner has to gain from such a deal ?,

  • 6ix On A Wave

    How do you pay the 75k at the end if all the monthly profits are going to Marvin? Can someone please explain to me if they technically own to house and can sell at market value in 5 years And give him 75k or do they have to cough up 75k to own the house and then sell, or is the 200/month mortgage go to rent credit so they technically own 57k out of the 75k And have to pay the difference at the end of 5 years? Can someone please explain how they profit ?

  • Daniel Davis

    Tbh at the end of the deal the buyer gets a lump sum and 5 years worth of rent profits and Samuel only pays the $200 out of the rent Marvin gets? Is that how this deal is working out? It's a very jammy deal on Samuel's behalf but, Marvin doesn't really do too bad out of this anyways.

  • George Gently

    I have watched all four of these and the whole thing is really good. I really liked its realism. Well done.

  • AB The Detailer

    So marvin could of done it himself if he had thought about it could have bought the house in 5 years for 75k, so in 5 years samuel will have the option to buy it and flip it and the "past owner" will walk away with 12k after 5 years

  • A H918273

    Can somebody knowledgable please tell me how this work as common sense is making me ask ? Why on earth would the land lord give this property to somebody else to on cover the interest only fee on his mortgage ?

    Yes I understand he will not have to worry about an empty house or managing the property or worry about paying the mortgage.

    But surly the land lord could rent out the property for say $600 way under market value, pay his mortgage , save the rest for a rainy day or any future mortgage payments and then reap his own benefits of property value rise in 5 years time.

    Am I missing something ?

    Deal that was agreed – Even if the property devalues after 5 years, they only said they may purchase it, there was no guarantee of purchase in 5 years,

    So I really don’t understand what the property owner would benefit from this deal

    I also understand that if it’s a interest only mortgage and the house false hasn’t risen then the client has no benefit from a sale..

    If somebody could spare a moment to respond I would be very great full thank you. #Samuel leeds where you at

  • Seb Sims

    Wow, watching you 2 literally putting into practice what you preach is awesome! Hustling at its finest, not let a few no's stopping you from achieving your goal!!

  • Vini Martins

    This 4-part series just blew my mind. There were some tough negotiators in New York, man. I feel I am an assertive person but you sir, should have your own show. Still, undercover.

  • Critical

    So…let me understand.You buy the house for 0$ right now.In 5 years you will buy it for 75k.So...in 5 years when you buy it…you will spend an extra 10-15k to renovate it and you will sell it with around 200k.Your profit will be around 100-110k.So if you do that with 10 houses you will get 1,100,000 $ and you are a frikin milionaire….?That's how it works?

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