Nov 24, 2020
WILLIAM TINGLE is the host of Sub2Deals.com & The Sub2Deals Show Podcast, is a nationally-known real estate investor, investing coach, author and public speaker.
William had worked in the restaurant business for almost 20 years when in 1999, he ordered a Carleton Sheets Nothing Down course off of a late night TV infomercial. He read it and took a $5000 advance from a credit card to start his real estate investing career. Exactly one year later he quit his job for good, paid the credit card off and has to this day never used a penny of his own money for investing.
For over 10 years he operated a real estate business where he wholesaled and rehabbed numerous properties each year but found his real niche in what he calls “Sub2”, buying subject to existing financing. To date, he has taken the deed on over 500 properties and even though he “retired” in Belize in 2010, he still continues to buy 20 to 25 properties a year in this manner in select markets throughout the United States.
He has trained and coached countless students all over the country to become financially successful real estate investors.
EPISODE SPONSOR: QUEST TRUST
CONNECT WITH WILLIAM:
- sub2forum.com
- sub2podcast.com
- sub2deals.com
KEY TAKEAWAYS:
- What is a Sub2Deal?
- Navigating the Due On Sell Clause
- Reasons Sellers/Owners move forward with Sub2Deals
- Technical Aspects to Close
- "Buyers are liars and sellers are story tellers."
- Due Diligence for the Sub2Deal
- Working Like a Dog
- $620 Million in loans taken
Episode Affiliate:
Links mentioned in this episode:
- w2capitalist.com/shop/
- https://www.facebook.com/groups/REIforTheW2/
- Sub2Deal Podcast episode with Chip Chronster on his experience with the Due-On-Sale clause: http://podcast.sub2deals.com/2019/04/08/ep-005-what-is-a-due-on-sale-clause/
- Sub2Deal Podcast episode with Casey Constantine, the most hated blogger in America: http://podcast.sub2deals.com/2020/09/21/ep-051-real-investors-series-with-casey-constantine/