South Jersey Real Estate Investors Association


Landlording: How to Consistently Get Paid Over 100% of Your Rents Each Month - Mike Butler

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We are just a few short days away from our event of the year! Join us on December 5th for a full day of virtual learning featuring over 20 local and national speakers. You won’t want to miss this free SJREIA expo that is sure to set you up for success in 2021.

Throughout the day, you will hear from national speakers including Marc Halpern, Steve Lloyd, Marco Kozlowski and more. In this post, we are introducing you to investor, speaker, author, coach, and consultant, Mike Butler, who will be covering Landlording: How to Consistently Get Paid Over 100% of Your Rents Each Month.  


Mike Butler began his real estate investing career while working full time as an undercover police detective in Louisville, KY. What started with $1,000, a few fixer-uppers and rental properties evolved to a full time career in investing. He soon developed his “investor friendly” simple investor Books Pro SystemTM with Tenant TrackingTM and Loan Customer Tracking.

This simple system allowed Mike to exponentially grow his investing business and catapult his career. Mike has used his knowledge and experience to write his bestselling book, “Landlording on Autopilot” that serves as the go-to training manual for thousands of landlords and property managers around the world.
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Living For Your Dreams - Steve Lloyd

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 You won’t want to miss the kickoff of our virtual event, Speed Learning for 2021. As you get ready to dive into a full day of learning and networking, Steve Lloyd will be greeting you with a motivational message: Living For Your Dreams.

Steve Lloyd is a real estate investor, serial entrepreneur, and motivational speaker. Lloyd is a self-proclaimed, “master of putting a stop to limited beliefs.”  His YouTube Channel, Steve Lloyd: My Best Life, offers regular inspiration for real estate investors and entrepreneurs. 

In his latest video, where Steve shares his decision to move to Siesta Key in the wake of Covid, he offers valuable insight about overcoming fears and creating a life that brings you unlimited joy. 

Steve’s insight is invaluable and a great way to set your mindset for success. Some topics that Steve covers include the power of routines, being honest about what you want out of life, overcoming limiting beliefs, real estate investing tips, and accountability. He uses his own experiences from real estate investing and entrepreneurial adventures to his commitment to living the life of his dreams to encourage his viewers with a new video every Wednesday. 
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Simplifying and Scaling your Real Estate Business - Tarl Yarber

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Real Estate Investing tips from Tarl Yarber

The following information is sourced and summarized from a SJREIA webinar by Tarl Yarber on 9/2/2020. For the full conversation, visit the resources tab at www.SJREIA.org.

Whether you’re just starting out in real estate investing or you’re looking to expand your current portfolio, having systems in place is one of the most critical components to a thriving business. Mistakes are part of any learning curve, real estate investing included. Tarl Yarber offers his insight and experience on how to learn from mistakes, create systems, and ultimately thrive in the real estate investment world.

Learn From Your Mistakes

“Crap will always happen in this business.” Take the time to be self-analytical, self introspective, and take responsibility for your problems. Everything is your fault. Every decision you make for your business is up to you. You hire the contractors, choose the properties, select the design, and so on. When you accept that everything is up to you, you then have the power to change what is happening. From structural mistakes to contractor mistakes, it is the real estate investor’s responsibility to take ownership of the good, the bad, and the ugly.

Book recommendation: Extreme Ownership by Jocko Wilink
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3 Keys to Seller-Financing: Key #1 Part 2: What kind of deal is it?

Utah Real Estate Investors Association

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Last week we discussed a situation in which an investor partners with the seller on the project, which is one way to have the seller help “finance” the deal. In this blog, I’m going to explain what I call “Traditional” seller-financing because it’s the more common way to structure seller-financing deals.

 Traditional seller-financing is any situation where the investor actually buys the house and takes ownership through a closing. Then, in some way, the seller is helping to finance that purchase. I break traditional seller-financing into 3 sub-categories. Note: These descriptions are how I speak about them. Other investors may use different terminology. I separate them because, structurally, they are different.

The important point to distinguish traditional seller-financing from the others is that the buyer will actually own the property! And, anytime a mortgage is staying in place, there will be due on sale clause risks.

  • True Seller-Financing: This is a deal in which the seller owns the property outright with no mortgage. In this situation, the seller simply becomes a bank and “carries” a note and deed (mortgage) by exchanging his equity for the promissory note. The money doesn’t change hands as it’s all on paper. The seller earns some extra money on the interest. The investor gets a better rate than other lenders. All you need is a good contract and then a good note and trust deed. Since there is no underlying mortgage, there is no due on sale clause issues.
  • Subject-to Seller-Financing: In this deal, there is an underlying mortgage that the investor is simply taking over. Think a loan assumption but without the bank’s involvement. The seller either has no equity or is cashed-out of her equity at closing. So, there is nothing left owing to her. The investor can obligate himself through the contract to make the monthly payments or through an all-inclusive note and deed (“AITD”) that mirrors the terms of the underlying mortgage. This AITD, while optional, is a cleaner way to structure this deal and provides the seller extra security that you’ll make the mortgage payment. The seller could foreclose on the AITD to take the property before the mortgage bank even finds out.
  • All-Inclusive or “Wrap” Seller-Financing: In this deal, the seller is financing an amount that is greater than the balance on the underlying mortgage. So, she’s helping finance some of her equity in the house. Because she is owed money after the closing, this deal always requires an all-inclusive note and deed or AITD. An AITD is a mortgage that “wraps” around the underlying one. So, let’s say the seller is financing $150,000 with an underlying mortgage balance of $135,000. The investor makes payment on the $150K note to the seller; and the seller makes the payment on the underlying mortgage payment, keeping the spread. At payoff of the AITD, the underlying mortgage must be paid off first (that’s the “wrap” part) and anything left over goes to the seller’s balance on the AITD.
You’ll see, that in each of the above three methods, the investor buys the house and the seller somehow “loans” money for part or all of the purchase. Next week we’ll cover the contract for deed.

For more information, please see my website link below!

Jeffrey S. Breglio, Esq.
Breglio Law Office and REI Mastery U
www.reimasteryu.com
jeff@bregliolaw.com
(801) 560-2180
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