Vendor Take Back Mortgage Vs. Traditional Bank Financing
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- Опубліковано 6 лют 2025
- Why are so many real estate investors obsessed with Vendor Take Back Mortgages?
You probably here myself, Adam Martin, Kyle Ford, Kasey Wong and all the other successful investors constantly talking about why they get excited and why they want often want vendor take back mortgages especially when they are buying larger mutli-family buildings!
There's a whole host of reasons why an investor would be attracted to a vendor take back mortgage but I think the biggest aspect is understanding the level of creativity one can have compared to dealing with a traditional A lender.
In today's video I breakdown 7 Key Factors for why investors are so drawn to a vendor take back mortgage!
Did you enjoy and get value from this video? Make sure to leave me a comment below and don't forget to SMASH that like button!
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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this UA-cam Channel Matt discusses a variety or real estate and personal finance strategies and tactics. Including: How to BRRRR Real Estate, The Importance of Investing for Cash Flow, How to Reach Financial Independence Retire Early, Safe Withdrawal Rates, Frugality and Reducing Personal Consumption & Embracing Minimalism.
Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College.
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Your video blew my mind 🤩🤩🤩🤩🤩
Glad you got value! What other videos should we make?
10 out of 10! By the way, I am considering trying wholesaling. If you are still looking for team members, please let me know.
Thank you for tuning in! We aren't currently operating in the wholesale space. We have a ton of videos on the strategy though :)
Wow !! 👏 Great video so many gems !! 💎
Thank you 🤗
Eye opener
you talked about 0% interest, but what is the benefit to the seller?
Making the sale
or higher price
first of all, this is probably incredibly rare but the benefit is the same benefit a seller gets when selling a house for 15k, getting the house off their hands
Let's say the seller just wanted to get rid of the property and they agree to the 0% interest. How do you structure the payments on the property? I guess the beauty of a VTB is that you can negotiate it, but is there a rule of thumb of how much you should be paying them per year?
@@MrEriklagace I doubt there is any rule of thumbs for this. Really all comes down to what they both agree on. This said, if there’s no interest, my two cents is that the buyer would just split the loan by the amount of months (since payment are usually per the month) the term has, so, only principal would be paid each time.
What forms are required for the vtb aside from the 100
You just fill it out in the schedule A of the form 100
@@CanadianRealEstateChannel Thank you
Great video Matt!
U r doing amazing things
Can we see a sample deal? How do you approach the seller?
How do you find VTB deals?
How does a VTB work when the seller has an agent?
go around the agent, or ask the agent to present the deal, he legally cannot hide legit offer that's been presented.
🔥🔥🔥 VTB
🔥🔥🔥
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Great info What happens if the buyer defaults after the initial downpayment
Jeff Wybo smashing his laptop lol! How does realtors like it when we bring up VTB to them?
is VTB the same thing as owner financing?
Yep! VTB = Seller or Owner financing
🔥 🔥 🔥
Does the property need to be paid off to get a VTB?
Great content Matt! Do you have samples of VTB contracts that I can show to a seller? She is open to it but just want to see the wordings on a contract. Thanks!
Hi Matt. Do you offer more in depth training when it comes to VTB through one of your seminars? If yes, can you send a link please? Thanks. Roman
Awesome, could you make a video (or direct me if you already made it) about how to pay less capital gains tax on properties in Ontario?
Americans have the 1031 exchange, which is incredible. Just wondering for any extra ways to save money :)
Im really new to real estate but my guess is that's why BRRR is so popular in canada, if you do find a way to mitigate capital gains tax let me know, I'm curious too.
well，your DP should not be borrowed，by bank standard
First🚀🚀
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