×
Search
Generic filters
Exact matches only
Search
Generic filters
Exact matches only

Investing In Real Estate Podcast

What kind of paperwork is needed for a seller financing deal? How do you ensure everything is set up correctly for closing? Are there any professionals that can help? That’s the first topic I’m answering on this Q&A episode!

On today’s episode of Investing in Real Estate, I’m answering three great listener questions about seller financing, ways to pay down a mortgage note faster, and tips for finding business loans. Press play to hear my answers to your questions!

On this episode you’ll learn: 

  • What documents are needed to set up seller financing.
  • How to pay off a mortgage faster.
  • Where to look for business loans.

What Documents Are Needed to Set Up Seller Financing

To set up seller financing, it’s important that you put together a simple purchase agreement. You can find plenty of free examples online. I always suggest setting up a few conditions in your purchase agreement, such as giving yourself the ability to back out if a big issue is discovered in the inspection. As far as closing goes, let the professionals handle that paperwork. Depending on your state, either the title company or an attorney can help finalize the sale.

How to Pay Off a Mortgage Faster

There are a few ways to accelerate you mortgage payoff, but my favorite method involves using a HELOC. In our book, How to Pay Off Your Mortgage in 5 Years, you’ll learn how to slash the time and interest on your mortgage by leveraging your home equity. If you’d like to utilize this strategy, be sure you shop around for a HELOC with a low rate.

Where to Look for Business Loans

Business loans can be a niche product, but at the same time, there are a lot of great companies out there. You could start by checking LendingTree, local meetups, or even LinkedIn. I only feel comfortable recommending companies that I have personally worked with, such as DLP Capital and Jasey Capital Group. Don’t be afraid to shop around, ask questions, and be persistent until you find a lender and product that meets your needs.

Ask Me a Question at morrisinvest.com/clayton

Episode Resources
Book a Call with Our Team
Shopify.com/investing Get a free 14-day trial!
How to Pay Off Your Mortgage in 5 Years
DLP Capital 
Casey Capital Group 
morrisinvest.com/Clayton
Download the FREE Financial Empowerment Bootcamp
Download the Freedom Cheat Sheet
Subscribe to Investing in Real Estate on iTunes
Find Your Financial Freedom Number
Subscribe to the Morris Invest YouTube channel
Like Morris Invest on Facebook

DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to​ use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

Ready To Build Passive Income Through Rental Real Estate?

 

Ready to talk about your goals? We're here to show you the tools and teach you the process to begin earning legacy wealth for you and your family.

Skills

Posted on

April 25, 2022

Submit a Comment

Your email address will not be published. Required fields are marked *