Know THIS Before Selling on Seller Finance!
ฝัง
- เผยแพร่เมื่อ 28 มิ.ย. 2024
- In today’s video, Pace Morby dives into the benefits of selling property on seller finance. He answers questions such as; “Why would a seller agree to sell on seller finance?” “What does each party in the transaction get in return?” and more. He highlights creative finance deals like this can be a win for the seller, buyer, and agent (if they’re involved). Pace also shares an anecdote about a seller who seller financed a duplex to him, saving her from losing money on the property.
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Chapters:
0:00 - Intro
1:27 - Benefits of selling on subto/seller finance
2:25 - Terms from a seller
3:53 - Why would a seller sell 0% seller finance?
6:17 - Why the seller is selling this way
7:56 - Why would the seller not turn house into a rental themselves?
10:23 - SquadUp Summit 2024
13:11 - Why the seller had to sell on seller finance
21:14 - Outro
🚧🚧🚧 DISCLAIMER 🚧🚧🚧
❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a TH-cam video for entertainment purposes ONLY ❎
"Bake their cake, and eat it too." Oh my gosh. That phrase finally makes sense lol
😂🤝🏽
It’s have your cake and eat it to too😂 it is in reference to something you want to keep but also want to use. If you have a beautiful cake and you want to keep it then you can’t eat the cake because if you eat it then it’s gone. so you can’t have your cake and eat it too you can either have it OR eat it not both (yes I’m aware you could just eat a portion keep a portion but I didn’t come up with it 😂)
Very illustrative, concise and straight to the point video.. thank you for these gifts.
Glad you enjoyed!
Shout out to Dave Uyan! One of your students I met yesterday in Vegas.
thank you for your videos and for building a community that is impacting thousands :)
Absolutely!
So good thank you Pace. I’m going to be a millionaire thanks to God and you!
Keep the white board for more information about deals and gives excellent teaching points for us to learn. Thanks again Tony
Sweet! Thank you Pace,and the Team!
Thank you for the breakdown. Found this after obtaining these bullet points watching videos from a year ago 🙌🏾
Glad it was helpful
So informative Pace. I like the instruction content.
Glad you enjoyed the video!
Love it Pace. Great video. Thanks for all that you do.
Thank you bro! Glad you enjoyed🙌🏽
Great video! Thanks for explaining in detail. I appreciate the knowledge that u give . 💯
Glad you enjoyed. Thank you for being here bro
Love the white board teaching Pace. Keep it going.
Thank you Jorge! Glad you enjoyed the video💪🏽
LOVE THIS!!
Yess. Glad you enjoyed bro!
Brief yet thorough ❤
Glad you enjoyed🙏🏽
Yes absolutely learning something every time
Thank you bro!
@@PaceMorby thankyou, I'm in socal I know you said this is not a good place for what you are doing but I do want to learn and succeed in what you do.
Whiteboard videos are the best they give us a visual representation
Glad you enjoyed!
Such a great video! Good information!
Thank you! Glad you enjoyed the video
Love the whiteboard videos, keep me up to date and refreshing our knowledge…..thanks Pace…..👏👏👏
Glad you enjoyed! ✌🏽
The white boards are great!!
Glad you enjoyed bro!
I wanna say Great Job Guys Pace and team. For putting together great value information of Creative finance....
Glad you enjoyed Lenny
Great video… !!!
Thank you bro🙌🏽
Excellent Jedi! Always well done. Thanks for the upgrades. You're a class act with heart and style. You bring beauty and opportunity everywhere you go. You're one of a kind bro, it's how you make the world spectacular. You do it every day. Thanks again and for everything I'm learning.
Wow, thank you!
Good stuff!
Pace and team - awesome!
Thank you! Will let my team know🙌🏽
This was excellent info. Tysm. ❤
Thank you for being here Laura✌🏽
Eye opening! whiteboard video ❤
Glad you enjoyed the video🙏🏽
Great video thank you!
Glad you enjoyed bro!
Keep the knowledge coming, thanks
Thank you bro!
Can you do a Video, Or briefly go over the new law concerning. Privately held Corporations, And how you're going to handle it.
Great video Pace!
THANK YOU
This was extremely helpful for a lead I have right now.
Great info here!
Marc! Thank you brother
Perfect video pace
Thank you bro🙏🏽
Love the whiteboard!
Thank you bro✌🏽
Thank you Pace for showing up and proving people a lie. I like all of your videos FAM ✌🏾
Very good info thanks
Glad you enjoyed!
😂😂 dude you're a comical genius 5:19 great information
I like the white board format. I like the hard truths.
Thank you! Glad you enjoyed
Love the whiteboard (visual)
Thank you! Glad you enjoyed
Whiteboard work is great ❤
Thank you bro🙌🏽
Awesome video
Thank you brother. Glad you enjoyed!
Since 1538, according to Wikipedia, An early recording of the phrase is in a letter on 14 March 1538 from Thomas, Duke of Norfolk, to Thomas Cromwell, as "a man can not have his cake and eat his cake". Maybe you have an earlier reference about baking cakes and eating them.
Love the white board videos!
More to come!
White board. I am greatful! Thankyou.
Thank you bro!
Yes, white board
Mind is blown!!! Extremely helpful and clear!! Thank you so much! I am curious... that 50% rate of selling in 1 year-- was it always like that? I mean, our society was once, pretty decent. :) I'd be interested to see when that rate went to half, you know? :) I knew one guy who'd been a landlord for over 40 years through several properties, only getting out of it in 2020. :)
Question- Whats a good length of time for the deal with the seller?
Awesome! Your best video yet. BUT how do you get away with 0% interest? Doesn’t the government set minimum’s for interest on loans? Why doesn’t the AFR apply?
Ask that question to a muslim who are not allowed to pay interest. How do they buy and sell things in america?
I question the seller giving you loan rates below the AFR (Applicable Federal Rate), which comes into play for private loans. If you are getting a 0% rate on a loan, the IRS may subject the seller to imputed interest to cover the spread between the AFR and what they gave you for a rate. The seller would then be taxed on the imputed amount, not what they actually received as income. Why would the seller be ok with taking on this tax burden on your behalf?
What are the best RE investments if you don't have years to live and want to leave your family semi passive income?
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More long form white board videos!!! 🔥🔥
Noted bro. Thank you!
Pace.....bring on more whiteboard vids and haters
More whiteboard
Noted.
Lived the
Loved the video but would alao lovetje source dor thw
Love the video but would alao love the source of authority for the syatement rhat the proverb is you cant "bake" your cake rather than you cant "eat your cake.😅
Realtors are marketers, not deal makers.
Depends on your realtor. If the realtor is a deal maker they get clients thru referrals and marketing isn’t necessary. Help people make money and you will have plenty of clients.
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