Have you ever wanted to purchase buy and hold properties, but felt confined by the structure of traditional mortgages? Maybe you have little to no money for a down payment, or your credit score is holding you back from qualifying for a bank loan. Luckily, there is another way! Seller financing is a unique, creative, and incredibly viable means of purchasing rental real estate.
On today’s show, I’m sharing my experience with seller-financed properties, and explaining how structuring a seller-financed deal can be mutually beneficial. I’ll also talk about the major benefits of seller financing, what to be wary of, and give specific examples of how seller financing can work for you. To hear more about seller financing, don’t miss this episode of Investing in Real Estate!
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For many entrepreneurs, the key to success is being creative. In real estate investing specifically, the market often requires investors to think outside the box in order to build their portfolios. This means thinking outside the box, and considering seller financing as a viable option.
Seller financing is a great option for any investor that has no money to put down, has a low credit score, or simply wants more flexibility and freedom than the traditional loan structure can provide. Unlike a big name bank, a seller can negotiate terms. It’s a great opportunity for the buyer to invest with no money down.
Many people wonder why an owner would be interested in seller financing. Motivated sellers drive the investor market; it happens all the time. People have extenuating circumstances that drive them to want to sell their properties as quickly as possible. It could be anything from relocation for a job, or family emergencies.
Constructing a seller-financed deal can also be beneficial for the seller. Seller financing provides a more flexible term and payment schedule. Not to mention, the interest rate is negotiable; this is a great opportunity for a seller to construct a deal that contributes to his or her own financial goals.
Additionally, when you’re dealing with human beings, you don’t have to worry about strict bank policies. On today’s show, I’ll share the five major benefits of seller financing. I’ll also talk about specific examples, and share my personal experience with seller-financed real estate.
To learn more about gaining financial freedom, download my Freedom Cheat Sheet! It’s a simple step-by-step process designed to help you determine how many rental properties you personally need to build the lifestyle you want through real estate.
We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What is the biggest mistake buy and hold real estate investors make?
- Should you worry about due-on-sale clauses?
- What terms are negotiable through seller financing?
- How can you renegotiate on a seller-financed property?
- And much more about buy and hold real estate!