Fri, 20 November 2015
#58: What is “seller financing” of real estate? Why might you want to use it?
David Campbell of Hassle-Free Cash Flow Investing is our guest today.
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Listen to this week’s show and learn:
01:14 Keith is in coastal San Juan Del Sur, Nicaragua today.
05:18 What is seller financing?
08:06 Why use seller financing?
10:08 Examples of creatively structuring a purchase offer with seller financing.
13:42 When a buyer needs to educate a seller. Hint: talk about the “benefits” to motivate the seller.
21:07 Other names for seller financing are: seller carry, carry-back financing, “subject to,” “carrying paper.”
21:58 The Due-On-Sale Clause.
23:53 What part of the market cycle does seller-financing work best in?
27:58 How do you FIND a seller-financed deal
28:49 Drawing up documents for a seller-financed contract. Use a Letter Of Intent.
30:46 Risks with this technique.
31:58 When you sell your own property, why you should offer seller financing.
HassleFreeCashFlowInvesting.com - David Campbell’s website, full of investor educational resources.
MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.
NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.
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