Contract for Deed | Real Estate Investing for Beginners | 1012
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 8 May 2020
⏱️ 9 minutes
🧾️ Download transcript
Summary
It's never a money problem that holds you back but rather an idea problem! Creative real estate investing means that you use ideas in a place of money!
Hence, Matt shares how to use an agreement for deed in your creative real estate investing as well as explains the advantages of this contract over a traditional bank loan! Tune in and find out more!
Transcript
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| 0:00.0 | The word creative in creative real estate investing means you're using ideas in place of money. |
| 0:07.0 | As a real estate investor, contrary to popular belief, it's never a money problem that's going to hold you back, but rather an idea problem. |
| 0:15.2 | You see, you don't need a lot of money to invest in real estate. |
| 0:17.8 | You just need a lot of ideas. |
| 0:20.1 | And we refer to these creative ideas as terms. |
| 0:23.0 | Terms like equity sharing, options, lease options, agreement for deed, |
| 0:27.0 | seller carryback, subject to, raps, all-inclusive trust deeds, and so much more. |
| 0:31.0 | But right now, I'm going to show you how to use an agreement for deed in your |
| 0:34.9 | creative real estate investing. This is Terrio media. with shiny objects. It has everything to do with mastering the basics. The three pillars of |
| 0:55.4 | real estate investing attract, convert, exit. |
| 1:01.6 | Matt Terrio has been helping real estate investors do just that for more than a decade now. |
| 1:06.0 | If you want to make money in real estate, keep listening. |
| 1:09.0 | If you want it faster,-A-S.com. |
| 1:13.0 | Here's Matt. |
| 1:15.0 | An agreement for deed is a form of creative financing, specifically a form of seller financing. |
| 1:22.0 | Instead of getting a loan from a bank |
| 1:23.5 | and making payments to the bank, |
| 1:25.2 | the seller steps in place of the bank |
| 1:27.4 | gives you the loan to buy their property |
| 1:30.0 | and then you make payments to the seller. |
| 1:32.4 | Other than that, they're essentially the same. |
| 1:35.0 | With one major difference, |
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