Congrats! Im finding there isn’t much wiggle room in CF for those situations. Did you explain your structure further on how you’re cash flowing with such leverage?
Usually, when you offer full price on Seller Financing, then it's must be 0% financing with a ~5-year balloon depending on each deal, after a minimal but decent down payment. It works for me.
@Hcjfnzjc So I got it with 10 year balloon. I'm planning to use it for personal use at the moment. However I plan to do mid term rental when I'm done. Nursing is big is my area. Also I have another property in the area that isn't as updated as this one that I rent for 3100. This one should fetch about 3400 long term.
Real great episode. Liked the different things to think about with creative financing. When I look at a property I like to walk it with a 360 degree camera on a stick and then I can go back and look at everything again once I get home. Plus records my conversation as I walked the property.
I managed to find some estates where the person died and the family are selling the property and just want to unload it fast. I’ve almost convinced a few of them to offer seller financing. They’ll end up getting more than asking price and also won’t get that lump some income up front so it’s better to spread that over time .
At 14:00 regarding the question as to whether you should offer above asking price for seller finance I have found in my markets that the asking price is usually above the value based on the NOI and cap rate so my approach is to offer the full asking price rather than a discount if the seller is willing to carry the note. This is usually only effective once the property has been on the market for a while or the listing is ready to expire.
Hi. Why would a home owner do seller finance when they get (a) less money up front to reinvest etc (b) Take x payment per month for x amount of time only to en up without the house when they could just rent it out forever for a similar amount and keep the house forever renting it out. Thanks 😊
I did a seller financed deal. With 10k down 4% interest. With an agent on a 500k house in November. I was super excited.
Congrats! Im finding there isn’t much wiggle room in CF for those situations. Did you explain your structure further on how you’re cash flowing with such leverage?
Usually, when you offer full price on Seller Financing, then it's must be 0% financing with a ~5-year balloon depending on each deal, after a minimal but decent down payment. It works for me.
@Hcjfnzjc So I got it with 10 year balloon. I'm planning to use it for personal use at the moment. However I plan to do mid term rental when I'm done. Nursing is big is my area. Also I have another property in the area that isn't as updated as this one that I rent for 3100. This one should fetch about 3400 long term.
@lyftuberninjaworkaholic7524 good luck with the 0% anyone say ain't going for that. I'm happy with something well under market rate.
Tony Robinson ought to become a professor. He explains stuff really well! 👨🏾🏫
He is an internet Prof
How do you do seller financing for large luxury homes/vacation area that you would like to have for Airbnb
Real great episode. Liked the different things to think about with creative financing. When I look at a property I like to walk it with a 360 degree camera on a stick and then I can go back and look at everything again once I get home. Plus records my conversation as I walked the property.
It says 101 but it’s not really, I didn’t understand what seller financing is from the sellers perspective
I managed to find some estates where the person died and the family are selling the property and just want to unload it fast. I’ve almost convinced a few of them to offer seller financing. They’ll end up getting more than asking price and also won’t get that lump some income up front so it’s better to spread that over time .
At 14:00 regarding the question as to whether you should offer above asking price for seller finance I have found in my markets that the asking price is usually above the value based on the NOI and cap rate so my approach is to offer the full asking price rather than a discount if the seller is willing to carry the note. This is usually only effective once the property has been on the market for a while or the listing is ready to expire.
Awesome 😎 Creative Financing Solutions, Blessings Abound Absolutely, Amen. 😅
Love this channel
What website has Seller financing???
Creksy????
Plz advise.
Hi. Why would a home owner do seller finance when they get (a) less money up front to reinvest etc (b) Take x payment per month for x amount of time only to en up without the house when they could just rent it out forever for a similar amount and keep the house forever renting it out. Thanks 😊
40 year mortgage looks attractive with the inflation that is going to happen
So you paid off the house at the end of 12 months? How can you do that?
It would be helpful to see numbers on a screen… and what you ended up paying for the house.
Hello ,I need multi units that I can live in one and rent others as Cash flow
What's the tax implications for the seller in a seller-finance transaction? I know this podcast is from the purchaser's point of view.
Why do you play music during the question, hard to hear the question
40 year mortgage you’re paying way more for the house .
Ok the caller asked a simple question and this dude in the cap went off on a long irrelevant tangent.
First