58: Seller Financing and Creative Financing Strategy with David Campbell
Released Nov 20, 2015
What is “seller financing” of real estate? Why might you want to use it? David Campbell of Hassle-Free Cash Flow Investing is our guest today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Receive Turnkey RE webinar opportunities. Listen to this week’s show and learn:
01:14 Keith is in coastal San Juan Del Sur, Nicaragua today.
05:18 What is seller financing?
08:06 Why use seller financing?
10:08 Examples of creatively structuring a purchase offer with seller financing.
13:42 When a buyer needs to educate a seller. Hint: talk about the “benefits” to motivate the seller.
21:07 Other names for seller financing are: seller carry, carry-back financing, “subject to,” “carrying paper.”
21:58 The Due-On-Sale Clause.
23:53 What part of the market cycle does seller-financing work best in?
27:58 How do you FIND a seller-financed deal
28:49 Drawing up documents for a seller-financed contract. Use a Letter Of Intent.
30:46 Risks with this technique.
31:58 When you sell your own property, why you should offer seller financing.