YFP Real Estate Investing 34: Deep Dive: Seller Financing
Your Financial Pharmacist
English - December 04, 2021 10:00 - 34 minutes - 31.5 MB - ★★★★★ - 160 ratingsInvesting Business pharmacist retirement debt finance pharmacy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: YFP 232: How Mindfulness and Money Intersect with Cynthia Knapp Dlugosz
Next Episode: YFP 233: Tax Moves to Consider Before 2022
Nate Hedrick and David Bright do a deep dive into seller financing and how it can be a win-win for both buyer and seller.
Key Points From This Episode
Nate gets us up to speed on a rehab deal he's started work on. Introducing today's hot topic; seller financing! Touching on 'subject to' seller financing and why it's a little less prevalent at the moment. We first define seller finance and cover the basics of how it works. A reminder to send in your questions; we want to cover what matters to you! Unpacking a case study, we get into detail with structure and when it's the right fit. Transparency and putting money in straight away to get the equity up. Discussing the freedom to create a win-win situation for you and the seller. Recognizing the ways the seller will be acting like a bank. David shares some risk-mitigation nuggets for this kind of deal. We get specific with the numbers and see how David came out on top. How having a team ready to go made all the difference! Hear about the cons and risks; paying above market value, prepayment penalties, and more! What scenarios might make a seller interested in this, and aligning your incentives. David shares some parting advice on how both sides can protect themselves.Links Mentioned in Today’s Episode
Join the YFP Real Estate Investing Facebook Group BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures