How do you structure seller financing that’s modern-day exhibit let’s dive right in hiya every body welcome to the investing in actual property show i’m Clayton Morris i am Natali Morris and that is the exhibit the place we speak about building legacy wealth purchase and keep real property for the purposes of constructing passive income and i am tremendous excited considering in these days we will speak about seller financing which is a relatively powerful strategy to aid you go out there probably and get your first rental property principally i assume you already know if you have no money to work with we hear from quite a few investors that we speak with that just don’t have the money they wouldn’t have the means to opt for up that first rental property and this is a killer method to do it right it definite is and so I was speaking to an investor lately talking about how you realize regularly you present a discounted price for a property in the homeowners like no I can not take that low price and that i stated good what about vendor financing and this character didn’t understand what that intended and that i idea good this can be a excellent thing to speak about on our podcast because we talked about variety of I need to say like a buffet of resources for acquiring condo residences and in our condo we use all of them now we have I believe one or two offers we have done seller financing and we now have talked about utilising your 401k utilising your Roth IRA making use of confidential notes and so this is simply one of the vital ways that we construct out a significant portfolio of apartment actual property and so I will provide you with our disclaimer we would not have a way to make cash off of you doing this we are not monetary advisors we’re just a household that invests in real property and does this show to help other families gain knowledge of how we do it due to the fact that we’ve had some fine success doing this and building up our condo portfolio with a purpose to have passive earnings in our condominium so that we do not have got to work for the man correct that is right that’s proper and so a number of little housekeeping things earlier than we dive into modern exhibit we’re carrying some fun shirts in these days I’ve obtained a shirt on if you are observing the video feed of this you are able to do which you can go to iTunes and subscribe or which you can check it out on our YouTube channel but so I’ve bought a fun shirt on at present says targets at work and what you could have on there mine says attitude is the whole lot although my microphones are the way sylheti ya llego attitude is everything his winner hmm and the rationale we’re wearing these shirts in these days is given that I desired to advertise and aid a buddy now a pal of the exhibit and certainly one of our investors who worked with our manufacturer Morris and vest I suppose a couple of 12 months a half to probably two years ago and has obtained a number of apartment residences good not too long ago he despatched us a word within the place of business and said good day for the reason that of the passive earnings that I’ve now been competent to create and are my lifestyles and given that of the homes that I’ve purchased i’ve been equipped to take on this passion mission that I’ve wanted to take on for a at the same time which used to be growing this t-shirt corporation all around taking action and growing you recognize type of purpose oriented lifestyle relatively inspirational t-shirt messages and so he created this company and these are one of the first shirts off the road gvp referred to as just right vibes promoter is the name of the organization will hyperlink to it in our show notes web page for this episode however i’m super fascinated by that how high-quality is that I realize it’s so first rate due to the fact many times when folks ask about building a real property empire they think well i do not relatively need to work in real estate that’s now not my ardour and i stated well yeah you realize you do not have got to be a realtor or virtually portray partitions you could be a passive investor after which additionally pursue your dream like Clayton’s dream of being an undies model he can still do this on the facet proper whilst investing in actual property proper honey that’s correct that is the place I deliver all of the just right the entire gigantic greenbacks come in for my undies promotions proper yeah so excellent vibe promoter is the ng VP we’ll put this in our in our show notes page for this episode over at Morris make investments calm so go there help them I you are aware of it’s so excellent that one in every of our investors took on a passion mission and delighted and by the way the t-shirts are really good made and they’re they are relatively secure and so they match satisfactory i do not customarily like style of you recognize these supply away t-shirts you get that say like gum enterprise or whatever when you are at a cup one yr two concert i’m like i’m no longer going to wear this but this is it rather suits properly for women i am choosy about t-shirts and that i particularly just like the match of it yeah so hello congratulations Keith thanks for taking action and thanks you thank you for sharing this with us we’re quite thinking about that so let’s just wire round whatever that speaks to your own values yeah my feeling is extremely good I put it on this morning at breakfast my son was you recognize just began finding out methods to read and he was reading the shirt and he says purpose pursuits at work ambitions at work I said yep i’m at work working towards our ambitions and i really like that so versus after I used to be on a boardwalk and noticed shirt that mentioned do not question me for s that that is that man’s values situation a bit bit of one more price proposition from are you able to send his company so anyway housekeeping out of the best way let’s dive in and speak about seller financing you realize the idea in the back of vendor financing is the suggestion that the vendor would no longer wish to promote the condo and get hit with capital good points correct so why would initially why would any person want to sell a condominium with seller financing you have got heard Tom wheel right right here on our show speak about that good that you would be able to keep on capital positive factors if you are now not selling the house suddenly through doing seller finance that you could constitution at any quantity of ways and a seller it’s very appealing to probably a tired landlord that has 10 properties and just is around retirement it just wants to unload these residences well for them to sell them that’ll be a colossal tax hit for that man or woman correct there there are a couple motives honestly that is just one one rationale to do it another motive probably the purchaser can’t get what they need for that or the vendor as an alternative cannot get what they need for the condominium like they want to sell it for a greater fee but the market is not such that they are going to ever get that cost right but what they need is some money out of that after which perhaps they may be able to maintain it and make a little bit cash just through getting out from underneath the debt which is that month-to-month mortgage fee so for instance I had a customer once I was once being a bit of bit more active using my real property license who wanted to only retire the taxes had been too excessive within the city he lived in and he wanted out of this condominium good it was once a three family home and it might hire for a gorgeous penny he just desired out from the and out from the mortgage cost in order that he might go and retire in South Carolina and so what would have labored excellent for him and that i just could not speak him into doing it for the reason that he was once a bit too skittish about it however I rather I still think about this guy and believe that that might had been his resolution used to be to take a like anyone would have stated hello i will present you shall we say 20,000 down after which I anticipate the word that suggests I pay the loan the loan now comes to me I pay that and the taxes as well and so then you definitely simply get a investigate within the mail each month you pay that mortgage but you walk away with an genuine giant down cost and so that is how we did one of ours correct correct yeah we did we did certainly one of our properties in what Pennsylvania correct is there intellectual properties that we had and she or he didn’t wish to must take tax hit on the property and so we present a down cost on this property on this it used to be recently renovated single household single loved ones in a small little Pennsylvania town and i had I located it on Craigslist certainly and that i notion right here she will you already know she’s inclined to do vendor financing it is now not necessarily a query it can be not necessarily whatever you’re going to look in an inventory if you are on Craigslist that someone might say vendor financing however sometimes they do however that you would be able to just call them up and ask that question and as a part of a process if you’re an investor trying to find distressed properties you’re on the telephone trying to find deals that is a question that you simply will have to rather ask any one who concurs to promote their residence yes i am all for promoting this apartment it’s been a burden for me I reside in California it’s in Colorado i do not need to handle it anymore high-quality what would you don’t forget doing vendor financing on actually i’m going to even pay you more for the property see why does that make feel good considering now i will be able to come to you with a small down payment i am inclined to pay you possibly more than you sincerely wanted you desired forty,000 for it well what if I would offer you 43,000 for the residence and we are going to do vendor financing which you could structure these you understand as three to seven years maybe I might pay pay you for three to seven years to pay the residence again correctly what’s the normal present going fee for interest rates is it 4% 3.Seventy five percentage what if Mary I could offer you four% or 5% interest for seven years i’m going to best put down i’m going to put down $5,000 and now I get this property and i am competent to cashflow well above that on the backs of this vendor I mean the proposal is that this seller is now’s now carrying after they carrying the burden but they’re the vendor takes the position of the lender as an alternative of giving cash to the purchaser the seller extends this credit to the customer for the acquisition of this home and it is that’s what we have been equipped to do in 10 Sylvania with that property correct okay so people would hear this and consider we’ll wait i am trusting a stranger to now pay my mortgage cost no means Jose however you definitely closed this with an escrow corporation and also you do have formal liability now as the brand new owner you are now the owner the tax expenses now go to your house so town thinks that you are the owner correct it is not like ok just go away and i will pay you cash each month to pay your mortgage probably correct you absolutely ought to do it there is a correctly structured word it closes on the title company right yeah and you understand simply the bottom line is is that married a seller becomes the bank just think of it that approach right she was once usually placing out the property on the open market pondering that they you realize they had been going to take a look at to sell it the average approach probably they’re even utilizing a realtor you recognize who is aware of or they have been given that utilizing a realtor he tried this one deal we’re speaking about she tried to make use of a realtor and she or he couldn’t get what she desired for it she was once recent we not too long ago would have lately widowed and he or she didn’t have she wasn’t up to taking care of it anymore so she failed to want to take a loss for it and he or she failed to need to deal with it anymore so it was once a great deal for her because she obtained a tremendous chunk of trade which she wanted now that she was in her retirement and on my own and she then got money float every month where we’d you recognize get the money to her it would arrive she she wanted a suitable investigate so we automated that by way of our bank so that it was once despatched out every month she received it she cashed it and then she made her personal loan payment to mortgage corporation proper so there are a pair things in causes why that is so pleasant correct that you would be able to that you can structure this any manner which you could think so I recounted a technique which is sort of a average word manner proper three to seven years say good day you understand Mary i will pay this condominium i’m going to pay you we’ll structure this note for five years i’ll pay you five percentage interest and i will put five thousand dollars down on this eighty thousand greenback condominium so she’s now getting a investigate for $5,000 she gets to walk far from this apartment hallelujah i don’t need to handle this property anymore and and that 5 thousand greenbacks was on the whole more than she would have received had she offered it on the open market after which needed to pay off her personal loan and pay the realtor and the taxes right right so I imply it’s appealing to the vendor when you consider that they you realize while you seem at your HUD announcement you see like this residence is selling for eighty thousand but seventy thousand is what’s left on the loan eight thousand goes to the realtor two thousand four taxes typically she was only going to get one or two thousand bucks but alternatively we’re saying here is a lump sum of money so that you can a count on this hazard proper now being the lender and B let us now work our means into proudly owning this and then after a precise amount of years then we possess it now not you you’re accomplished goodbye you’re paid off correct and so let me just form of go into a few these things first of all it can be first-rate for her due to the fact that again the capital positive aspects drawback now she can unfold the sale of the condominium out over five years you can even go larger you might say ten years and some persons even retired buyers understand the worth of it even being constitution for fifteen years considering then they are able to truely cross that on to their children and they’re now not getting hit with that capital gains of their lifetime they would structure it as a 30-12 months observe in case you wanted to there was once one girl I used to be speaking with a few property in Mississippi and he or she owned like thirty houses she was once willing to do vendor financing and she said seem i’m 89 years historic she used to be inclined to do a 30-yr note and you suppose want one that’s bold right she’s Kanaka reside to be 120 years ancient well no she was once she understood she underneath what would happen correct that that burden would no longer move on to her children the capital positive factors burden would not pass on her her children but the worth of the notice would its obvious move for her right in order that that that tax the tax that the family would need to pay would not be there but the observe she would contrast for that to her youngsters and the value of that asset would transfer yeah you realize that is what Tom wheelwright has pointed out right here on the show which is it’s high-quality proper that’s a really killer technique k so another thing I wanted to speak about there is so that is one way proper you are form of a ordinary bank be aware i will put down $5,000 probably we will raise it for five years seven years okay and we will do 5 before before we do this why do not we talk about the price to the purchaser though when you consider that we have now laid out why the seller would want to do this however why would you because the investor want to do this it may be obvious but I simply want to touch this dwelling Joey that’s a good point good why considering that you do not need the money so you might have 5 thousand to put down or two thousand but you shouldn’t have a hundred thousand to purchase a house she is occupied with selling this condo probably she’s doing it on the market through owner you don’t even want you don’t want to get a mortgage you don’t also then get a mortgage on the property and you do not need to carry that burden but you could do it this fashion and you you’re able to get into this property for the reason that you would have horrible credit score so you would have spotty credit you would have had a foreclosures in your previous in your history you might have had a brief sale in your in your record you would no longer have the sales perhaps you are self-employed and you do not have like what’s it a w-2 out of your manufacturer I was once getting blended up is w-9 or w-2 Debbie to mentioned earnings correct you do not need you don’t have your you work from houses and also you you already know you do extraordinary jobs you are a landscaper you’re freelancer so you don’t have what the federal government or a common lender like Wells Fargo would ask from you so this is a best strategy to get apartment property to get a property without needing to go by means of all of the hoops and hurdles that Moni many folks do when they may be getting like a important mortgage on their condo okay and however I also desired to make the factor yes it is great for you to style of have a non-normal method to get into the market but also it’s a way so that you can cashflow something right away if you do your homework so on the property we were speakme about we gave her you already know a lump sum of cash I feel it was like $20,000 which used to be most likely more she than she used to be going to make on the sale of that property and then we have been going to pay her it was once some thing like $four hundred a month on account that that was what her monthly fee was once on her current observe now we figured that we would find the money for to pay her $four hundred if we rented it for 550 or above and the market dictated that we commonly could do that so if we’re renting it out for 550 and our observe is four hundred we’re money flowing one hundred fifty dollars a month and that works correct it’s now not a ton of cash however we’re money flowing on it we will pay the taxes and we pays the property manager it can be not a ton of cash but it surely’s somewhat bit and on the end of this note then we own some thing and that money drift is all ours proper we are instantly adding to our internet valued at with the acquisition of this property on the backs of someone else permitting us to purchase it from them so that is what you’re correct you are proper about that and the cash go with the flow the instantaneous money waft you simply have got to make certain that your numbers work i’d reference you again to my episode you be certain you return and watch the video or watch to listen to the podcast the place I speak about the three levels of actual property investing and what Gary Keller’s mannequin is recollect you are making certain that you’re doing away with that 40% for vacancy repairs and expenses considering the fact that you do not want to you know and we since the house that was once already renovated and in view that we knew the taxes that amount that differential labored for us correct the ROI was once there it was a high ROI and we have been in a position to make the numbers work don’t fall in love with real estate fall in love with ROI make certain these numbers work otherwise it will be a crappy deal for you so and another intent why it is a benefit to a buyer now it is a little excessive degree ninja trick right here and we will assist you to in on a little bit secret and i did this now one in all my mentors within the industry Todd Toback said this is why vendor financing is killer for obtaining residences if you’ll find these deals now you’re now not going to discover a ton of them every day however if you find one because of this it can be a killer strategy when you consider that you are agreeing to that probably 10 12 months a off or 7-year payoff with this seller you are going to put down five thousand bucks you pay for a 12 months you pay for 2 years now for those who go back to the seller perhaps two years later and you continue to owe $20,000 on the residence you might say Mary i would like to would you be inclined to receive $10,000 proper now and we call this deal closed i will offer you a lump sum money assess for ten thousand now we’re in endure mine that’s half of what you continue to owed her Oh a reward at all she gets it all right now correct i’m gonna provide you with ten thousand at present i know we nonetheless have three four years left on this observe however what if I just gave you ten thousand right now and we close and we wrapped up the deal right now 9 occasions out of ten that person is going to be completely satisfied to get a lump sum chunk of alternate of ten thousand greenbacks rather than ready another three 4 five six years for the remainder ten unfold out over these instances they and i am telling you you would say now they’re not going to wish to try this however obviously is the case that they do and so what did I do with this lady so we definitely acquired tipped off on account that we acquired a name from a 3rd party mortgage buyer correct and they mentioned oh so-and-so needs to sell her observe to us and so we desired to verify that you’re paying on the observe near the current owners and so we will expect this word and you can pay us and Clayton said uh-uh I don’t want I don’t want an extra be aware I wish to own it so he called the owner and he said hiya girl and that i saw you’re trying to sell the word i guess you want some extra money how so much are you trying to promote the observe for and he or she mentioned Oh about $7,000 and also you said i’ll purchase that notice i will send you $7,000 the next day to come it is going to be closed via the top of the week this cash can be in your bank account tell this other observe investor to pounce and write due to the fact that we nonetheless owe we owed like 1512 Oh 12 proper and so we got a discount on that word about $5,000 and then we got rid of her she used to be type of a affliction in my butt she liked to call me quite a bit and so I was tremendous glad I imply she was once a quality girl but she most likely referred to as me at all times and despatched me textual content messages about like little tiny matters and and so yeah I was once super joyful to be accomplished with that note be done with that monthly payment and by that be aware at a discount after which now not have got to make that payment anymore and now seem we purchased that property for a reduced price if you happen to total what we paid for her down plus what we paid for her to pay off the word plus a 12 months in between of payments we obtained it for less cash and now the money waft is absolutely ours we do not must maintain her anymore right and so how that every one acquired wrapped up was once we simply stated i’ll pay for it correct now i’ll name the title organization i’ll wire over these dollars you simply must confirm with them that the personal loan is now entire and what’s that referred to as when the loan is when you are carried out paying a personal loan off at a web page that was once 5 12 months that the mortgage is now convinced I consider yeah I believe they have got to confirm with you she did she known as the title enterprise I wired the money she considered the mortgage convinced they closed the mortgage we got the deed in the mail a few weeks later from the county and it used to be a plea and that i doing that with Wells Fargo it is now not going to occur I mean that’s what’s often called like a short sale in most cases nevertheless it’s now not you understand then you’re going to get your credit going to get hit that is now not going to occur and it can be in reverse order so you are not able to do that with a common bank that is why stellar financing is this sort of robust approach due to the fact that they’re human beings in this negotiation and 9 instances out of ten they’re going to be inclined to take that lump sum payment alternatively of ready an additional 10 years so that you can get your act together so long as she didn’t have like a structured word still with like a formal bank she could come up with the money for to do it she just desired to take that money out and each procedures were beautiful low cost with the escrow organization do you keep in mind how much we paid for those two I imply it used to be like enormous quantities yeah yeah it wasn’t hundreds so a pair things three key things I wish to talk about seller financing number one I kind of stated it the ordinary natural route right you accept as true with the seller for perhaps five seven ten years you are going to pay them 5,000 down maybe 2,000 down and you’re going to pay like 5% interest for five to ten years right that is the typical ordinary form of personal loan it’s going to be amortized the title manufacturer will set it up for you that you can then you can get coupons or anything you could structure it that strategy to send out that’s high-quality 2d approach is interest handiest so you may also even need to do extra of an interest most effective alternative so with what that suggests is you can offer that individual much less for the purchase of the property and show the seller that he’ll get certainly extra additional time due to the fact that now they will make extra on that then which you could in reality structure these from like 5 to twelve years with a identical like a smaller down payment so might be $1,000 down however you’re going to pay them a little bit larger because it is interest best so that you would do that as well these are a couple of choices a further option although one more monkey on this monkey on this kind of machine i assume is what you acknowledged which is the mortgage what in the event that they load debt on the property and that is fundamental since you can still use many of these identical choices right the traditional route or the interest handiest but structure it as a contract for the deed where the deed is held in escrow given that then that is not going to trigger that due on sale clause on the grounds that they may be no longer promoting the apartment obviously they’re still paying a mortgage but if I preserve that what you structured as a contract for the deed however where the deed remains to be held in escrow until it is paid off for that underlying loan so in actual fact it is simply called area to the prevailing personal loan so they’re being saved so she’s nonetheless paying her loan you are you are paying her she’s then paying her mortgage so you are it is type of like a double dip there if that is smart correct proper it can be a bit of high stage i do not wanna get too within the weeds with it however you can also find a deal where she’s like well you understand I wanted a hundred I nonetheless owe thirty on it proper good would you consider promoting the condo with seller financing good you’ll be able to still be capable to duvet your present loan and you’re going to virtually make some more money i will give you a down payment i’ll buy the house from you subject to your mortgage which you could transfer which you can go to Kansas at any place you need to move on buying the condominium however your your loan will still be paid on time i’m simply going to be paying you on prime of it truly like just about like subletting a condo you already know proper now most mortgages have a clause announcing that you just are not able to do that like if we have been to do it for the house we are living in now and the lender discovered they might then make the mortgage due in full however you have to you must read your mortgage you probably have an investment loan that could now not be the case investment loans are just a little bit extra lenient sounds such as you could constitution it as a contract for the deed now not really for the deed itself but a contract for the deed after which the deed is held in our skrang that i will not trigger the due on sale clause so accordingly it can be still held via Mary you are just paying her you’ve got a contract can you see i am getting so it is would not have ample develop yeah and numerous instances you may variety of give you these phrases and not exactly comprehend how one can structure the contract and that is the place the escrow character is available in so which you can you could agree say k I don’t know why have been utilizing the time period Mary however let’s faux that Mary is our is our distressed vendor ok Mary i’m going to give you $5,000 i will pay you this word for 10 years and let’s have you already know and so you do not have to worry too much concerning the terms the escrow individual will stroll you by way of it and if they are experienced enough to grasp this so you know I consider why we desired to try this used to be for the reason that this isn’t whatever that you are going to get from a turnkey supplier that is going to get this is something you’ll to find since you’re available in the market watching for offers and or just retaining your you understand ear to the ground and you hear about anyone who wants to promote this property possibly even at a rather ting and you’re like oh i do know exactly how i will be able to get this that is this can be a approach to simply add bit by bit to your overall method however I suppose the actual trick there’s to promote it to the vendor proper right and i was practically to say that like quite a lot of in dusters would no longer be informed on this I imply if you’re watching this right now that is the primary time you’ve gotten heard of it and you are a savvy investor might be you even own a few rental properties yourself you are interested by it you may have been paying attention to the entire podcasts you will have been looking at the movies so you are honestly lovely some or savvy than some investors are who owned 5 residences that they inherited and so they just been holding onto them they would no longer even be aware of that’s what seller financing is you need to them and i held them concerning the capital positive aspects hit that they’re going to incur with the aid of promoting that property in the event that they sell it totally and so they’re completed with it immediately they will then have to pay a enormous chunk of trade so taxes as a revenue on that property nonetheless in my actual property publication which is like is behind me when I received my real property license there was like one column about this in the ebook TT Realtors about it so real estate professionals don’t know and every person within the room was like why would anybody try this and that i was like oh i can provide you with a couple of reasons why you could do it due to the fact works super remarkable for both events but no person understood why on the grounds that they have been all type of ordinary we best symbolize people to purchase houses they are living in yeah building in is a part of what you are promoting model you recognize in case your wholesaler probably build it in as part of your overall pitch to a prompted vendor who wishes to promote you know do not just go the normal route however speak to them about vendor financing and placing down a thousand bucks or two thousand bucks they make you again and say hey i want more money down this can be a quality deal I you gonna have got to put down extra skin within the sport you recognize we pointed out epidermis within the game here on the podcast date may just must put five thousand down could must put ten thousand but if you’re getting a sixty thousand greenback condominium you have got adverse credit you should not have borrowing talents you are not able to in finding residences and this person is inclined to get your get you began I mean a lot of folks have started this manner some of their first apartment homes had been seller financed deals that bought them started which is you understand a first-class approach to kickstart your rental experience so whatever else we need to talk about with this or did we cover well I believe we do you know I the purpose used to be just so that people understood that this was once one additional manner to add to their portfolio and you recognize Clayton and i had been discussing this today and most of the matters we purchase we prefer to pay money for them but you know we now we have had some good experience with it so we have been speaking about it over breakfast and that i was once like I wish to have a couple of extra who is aware of that will be excellent yeah and you understand – additionally it is just right for the seller in a quantity of different approaches we talked about the tax motives however what occurs if you walk away right what occurs in case you can’t you are simply not you just dumb investor and you can’t get it rented or and many others and you are Oh what am I going to do with this property you similar to use this flake good wager what that landlord that you simply bought it from gets it again correct they don’t they go by way of a foreclosures commonly get the property again now it is backed of their arms and they may be able to get it again up and going for walks in cash flow or or resell it they may be able to resell it much less they have got your cash there nope you’re never going to provide again your your ten thousand that you already paid them you realize what in the event you flake they preserve that and then they might simply put it back in the market on the open market or go to yet another investor and get an extra ten thousand dollars down and rinse and repeat I’ve most likely talked to investors which have performed that the place they’ve tried to sell at seller financing and for whatever reason the buyer just sort of flaked on them and then they’ve kept their down pot down fee they usually’re now getting a 2d down payment so in some ways you understand nothing you want that to occur but relatively there may be now not there is no longer a variety of downside in this at all but what if the vendor should you do a discipline to and the seller just decides to maintain your money and not give that to the mortgage corporation and the mortgage organization comes after you the new proprietor have you learnt I truly do this again so wait a minute on account that you still Mary are nonetheless accountable for paying your mortgage like what if Mary doesn’t and then the lender needs this customary lender wishes the residence again is there chance there to you as the new area to fireside well for definite however which you can then take over payment of the mortgage with the bank and so for some motive that proprietor dies or you realize who knows what happens you then can go to the financial institution you’re on the deed due to the fact you are right you might have a contract for the deed right in lieu of foreclosures so then that you would be able to have constitution it that manner so a little bit extra difficult but yeah you’ve gotten then you’ve gotten like a fiduciary accountability that you can go to the bank and say good day appear i have been genuinely purchasing this will I sue and that i then i’ve the suitable bureaucracy and the bank’s now not going to say no get out of here we do not wish to be repaid they’ll say k as long as you maintain paying us thanks for letting us understand yeah considering actual property is an tremendously risky industry for a financial institution yeah so there you go so there you go that is a bit of overview of seller financing one and we get to in the weeds with it but when you’ve got any questions please publish them in the remark thread under if you are looking at this on video and please share this together with your friends your adored ones any individual else who wants to get began in real estate investing hopefully we realized whatever at present that is right as continually please subscribe become a subscriber of the show we put up the exhibit more than one occasions a week we now have so many fine suggests within the archive so please return and examine all of those out as good so except then until we see you subsequent time go available in the market take action and emerge as an actual estate investor much like to you all bye-bye
