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How does seller financing work?

Because, I mean, this is a really important question to ask because the answer is going to lead you to additional ways to profit on real estate deals, especially in this shifting market that we're in,

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Here's Matt. All right, by the time we're done, you'll know everything you need to know about buying real estate using seller financing,

and then at the end, I'll give you my own seller finance document that I and my students use to buy these seller finance deals.

All right, so traditionally, a seller and a buyer will negotiate the sale of a piece of property.

A contract is created, the buyer secures their funds to pay the seller and closes the deal.

The buyer's funds will likely be cash or a loan from a lender like a bank.

And if the seller has an outstanding mortgage, a lien or unpaid taxes, those all get paid

off at the closing before the property is transferred to the buyer.

If the buyer got a loan to buy the property, the new lender now has a lien on the property in the amount of the loan.

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