V6. REI School - Class 6: Traditional Seller Financing
This is a 90 minute video (mp4) and separate audio (mp3) recorded webinar of Class 6 of the 12-part Real Estate Investors Summer School series held summer 2017. Class 6 is “Traditional Seller Financing.”
This class teaches you the way most seller financing deals have typically been done. These are situations where the buyer takes title and the seller become a lender under some kind of note and deed. It is also helpful to watch our Hard Money class (Module 9) to help you understand notes and deeds. Here’s what you’ll learn in this class:
- The “True” seller financing deal: where seller owns the property outright and loans the purchase price through a note and deed.
- The “All-Inclusive” deal, or Wrap: where there’s a mortgage and an “all-inclusive” note and deed
- The “Subject-to” deal: where the buyer simply takes over the seller’s mortgage payments