How To Structure Owner-Financed Deals

[Deja Clark]

Hello to all. My name is Deja, and I am new to real estate investing. I wouldn't even say I've gotten my feet wet, yet. I started driving for dollars in 2022 but stopped because I felt overwhelmed with the "what if they agree to sell". I have no clue how to structure an owner-financed deal. If anyone could point me in the right direction... whether it be books, videos, seminars, or mentors... I would greatly appreciate it.

Wishing the best of luck to anyone currently seeking financial freedom.

[Deja Clark]

Quote from @Francis Nasser:

Quote from @Deja Clark:

Hello to all. My name is Deja, and I am new to real estate investing. I wouldn't even say I've gotten my feet wet, yet. I started driving for dollars in 2022 but stopped because I felt overwhelmed with the "what if they agree to sell". I have no clue how to structure an owner-financed deal. If anyone could point me in the right direction... whether it be books, videos, seminars, or mentors... I would greatly appreciate it.

Wishing the best of luck to anyone currently seeking financial freedom.

Hi Deja, the first step is finding out how much the seller wants for the property. At the end of the day, most owner finance deals are born when sellers are asking for an unrealistic number. After that, you would need to figure out how much properties are renting for in the area and calculate a monthly payment with a mortgage amortization calculator. The monthly payment will vary depending on the amortization period, your down payment and interest rate, so you have to make sure that you move the numbers around to make sure you'll be able to pay back every month.

Pace Morby's youtube channel is a great source to learn about creative deals, I would check him out for a deep dive in owner financing😊

I hope this was helpful!

Thank you so much for your help! I will look into that YouTube channel.