58: Seller Financing and Creative Financing Strategy with David Campbell

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 20 November 2015

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#58: 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.

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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.

Resources:

HassleFreeCashFlowInvesting.com - David Campbell’s website, full of investor educational resources.

MidSouthHomeBuyers.com or call (901) 217-4663 for Top-Notch Turnkey Rental Properties.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

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Transcript

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0:00.0	Get Rich Education is brought to you by Norrata Real Estate Investments and Mid-South Homebuyers.
0:10.8	Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires
0:22.7	than anything else and can provide you with more wealth and happiness than you ever thought
0:28.2	possible. Now, here's your host, investor, entrepreneur, business owner and educator, Keith
0:36.2	Weinhold.
0:46.6	Welcome to Get Rich Education. This is episode 58, and I'm your host, Keith Weinhold, back to help you build your wealth with information that's educational, actionable, and inspirational.
0:53.4	We're going to discuss seller financing with David Campbell today.
0:57.7	This is the third of three consecutive shows that discusses financing.
1:02.9	The first two were about conventional real estate financing, and today's is more creative.
1:09.4	I'm coming to you today from Central America. In fact, my wife and I
1:13.8	are here in Nicaragua. I recently took an investor tour of a cash-flowing coconut plantation here in
1:21.3	Nicaragua. I expect to be making another tour of a tropical hardwood timber plantation soon here as well. It's really
1:29.1	fascinating to see this stuff. And these are the types of opportunities here, though, these two
1:33.7	particular ones I'm telling you about, that just aren't quite as approachable as the coffee
1:38.5	investment that I've featured in Panama and will feature again. Because as far as you need to be an accredited investor
1:45.8	for these two here, and the minimum amount to get in is greater as well. But, you know, there is
1:51.0	some opportunity here, and I might bring you that on a future show. But the next thing I plan to
1:56.1	do here in Nicaragua is go surfing. Yeah. First of all, just dropping back here, I guess not everyone
2:03.9	owns a almost worthless geography degree like me. Okay, so Nicaragua is the largest country in
2:10.4	Central America. It is between Honduras to the north and Costa Rica to the south. And I am in, I guess, the southwestern portion of
2:20.4	Nicaragua right now. That's the Pacific Ocean Side, the west side, and I am near San Juan
2:26.2	del Sur, Nicaragua. And I've got to admit still, I am a little intimidated about surfing
	...

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