This course is a complete DIY guide for buying homes with seller financing. This course is designed both for individuals who want to purchase a personal home but cannot qualify for a bank mortgage as well as real estate investors who are looking for an alternative financing options to purchase investment properties. We will walk you through each phase of the seller financing purchase process as well as how to manage a seller financed property after the sale. Key lessons include:
Finding homes and sellers: How to identify potential sellers or homes that will be good targets to purchase with seller financing.
Understanding numbers: We go through how you calculate all the financials related to seller financing.
Presenting the offer: We will give you tips on how to present seller financing offers to potential sellers.
Negotiating: We will cover how to negotiate with sellers after you make an offer.
Overcoming objections: We give you tips on how to overcome typical seller objections to seller financing.
Closing the deal: We cover various strategies and tools to close deals and document the agreement.
Managing your loan: We walk you through how to manage an owner financed loan once it is in place.
Advanced topics: We cover a number of more advanced topics including wrap mortgages, foreclosures and additional principal repayments.
Complete Toolkit: In the appendix we include a number of documents, worksheets and other tools to help you with the seller financing process.