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.
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!
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.
The value in this video is off the charts. Amazing job, Matt!
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
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.
Wow !! 👏 Great video so many gems !! 💎
Thank you 🤗
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!
Can we see a sample deal? How do you approach the seller?
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 video Matt!
Jeff Wybo smashing his laptop lol! How does realtors like it when we bring up VTB to them?
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.
Eye opener
Great info What happens if the buyer defaults after the initial downpayment
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 :)
Your video blew my mind 🤩🤩🤩🤩🤩
Glad you got value! What other videos should we make?
How do you find VTB deals?
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
🔥🔥🔥 VTB
U r doing amazing things
First🚀🚀
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🔥 🔥 🔥
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.
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well，your DP should not be borrowed，by bank standard