Let's Talk About Seller's / Owner Financing.
I would like to take a deep dive into the subject of seller or owner financing.
This seems to be an excellent way to purchase property according to many real estate books.
If anyone who has mastered this creative way of financing care to share their insights, this would be very helpful.
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Check out Cody Davis's BP podcast #554 all about creative seller financing deals. Also, if you want to learn more about how to persuade sellers to finance your deals, you may want to check out BP's latest book Lend to Live which provides practical and actionable information on how to be the "other person" in OPM. Since seller financing is truly private money lending, being able to display acumen on the subject of private lending from the seller's POV would be useful as most sellers have never been the bank before and may be apprehensive in doing a deal this way because they don't know how to do it safely and the right way without getting burned. As the buyer, if you can educate the seller and show them you care about how to protect their capital investment in you, then it might go a long way in getting them to agree with the terms.