In-Depth Explanation of Seller Finance Paperwork
ฝัง
- เผยแพร่เมื่อ 8 ก.ค. 2024
- In this second installment of selling a car on seller finance to use in a Turo car rental business, Pace Morby brings his head Top Tier Transaction Coordinator, Molly Tennant, to go through each document in depth with the buyer, Angelo Pena. Molly breaks down the paperwork - the purpose of each document, why it’s important, and what it contains. If you’re feeling confused regarding the paperwork in a seller finance vehicle situation, this video is a must because Molly explains each document in detail.
► The Paperwork You Need!👇
paceapproves.com/vehicle-fina...
► Watch Part 1: Selling a Car on Seller Finance | Step by Step
• Selling a Car on Selle...
► Connect with Molly Tennant:
/ tennantmolly
► Join us at the SquadUp Summit Event 2024:
paceapproves.com/summit
► Become a Top Tier Transaction Coordinator:
go.toptiertc.com/cb
► Join My Subto Community:
paceapproves.com/subtoyt
► Want to become a Gator (Private Money Lender)? Join us for the upcoming LIVE training:
paceapproves.com/gatortrainingyt
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Chapters:
0:00 - Intro
0:57 - Structure of the deal
4:54 - Using Turo to determine value of car
5:17 - Angelo’s cash flow
9:24 - Why would Angelo overpay for the car?
10:49 - Going through each document
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⚠️ #CreativeFinance #Investing #Wealth #RealEstateInvesting #Wholesaling #SubjectTo #HowToGetStartedInRealEstate ⚠️
🚧🚧🚧 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as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself.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 ❎
A subto student knocked at my door today interesting conversation they are definitely following your system
The greatest security a seller can ever receive is giving thier buyer the ability to cashflow
BOOM
watching your videos has helped me understand seller financing and being creative in making deals because i need to focus on TERMS and and focusing on ther sellers needs
Thanks! Glad you took some value from this!
Thanks Pace and community, really blessed knowing amazing content
Thank you! 🙏🏽 The best community
Hi Pace! Very informative video. Could you possibly do another video like this for seller financing documents (contracts, etc) regarding purchasing homes and what the step by step process would be between you and the seller (if there is no agent involved) to close a deal? I’m new to real estate and would love to see the process! Thanks!
Why is cash on cash 60%? Shouldn’t it be cash-in/ investment = 8400/5000 or 168% ?
make sure your buyer can cash flow
Hello Mr. Morby,
I love you videos and they have motivated me to pursue a creative finance deal on my grandfathers house that my aunts sold. I would love to talk to you more about it. But here is the quick and dirty version.
They sold the house in like 2016 for 125,000. Another person sold it in 2020 for 325,000. And now it is on the market for 650,000 thousands. This house was very important to me and my family. I want to inherit this back into our family.
It is literally across the street and I look at it everyday lol. So I know the owner who is selling it. I would love some advice because I want this home. Thank you in advance.
Present!
"The greatest security that a seller can receive in any creative finance transaction, is making sure their buyer can cash flow" (Morby, 2024).
Love these quotes you're pulling bro!
Excellent information, but I'm selling my Turo cars now! I'm just going to keep my Real Estate business.
We have a small fleet, got rid of one of them but still have a few going. Can't believe you're selling!
What cars do u have I would love to have one can we talk were are they located
Key for buyer is to have Cash flow 🎉🎉🎉🎉
The greatest security that a seller can recieve is making sure their buyer can cashflow
while I agree that subject to is a very interesting concept, I still cant believe or understand why so many people would trust that a stranger is going to take care of their credit and make all payments on time. Just seems pretty nieve or ignorant they would do that. I believe we are going to see a huge issue, unpaids in the near future, like bad mortgages so to speak. (I come from a mortgage broker background 16 years. Saw all the bad mortgages being made.) There will be alot of payments that dont get paid!! Its coming!! I would never do a subject to myself on my own property. I would never intrust my credit to another person. Maybe someone on the Morby team could explain or have a explanation on why someone would do this. Thank you...Thanks for all that you give Pace and team. I started my business because of you.
They are in pain. They are already underwater on the house OR the market won't allow for them to recoup the value of the loan, they'd have to CUT A CHECK to sell. I have hundred of videos on this, but this is a good start th-cam.com/video/KBcy1TQt4j8/w-d-xo.htmlsi=BjodYio9LIb8fZhH
What paperwork do I need to buy a house sub2?
Squad up in the free FB group to work with my students, they have the correct paperwork paceapproves.com/freefb-ytc
Do u have to pay to start turo or as u purchase the vehicle
As you purchase the vehicle!
@@ClarisNdoroRealEstate how much is that or is it added to the purchase
"Flippy flops" (Morby, 2024).
😂
Realtor here for 15 years in TN and KY. Pre-law student. You rock!
Cash flow
🙌🏽
I would love to become a lender for you. Would u be interested in sharing a lender in Florida? I have a property Deed with very little left to pay off at low interest. It would be beneficial to me to pay it off and invest in it and you!due to the death of my mother and her name on the loan, im kinda the SubTo Buyer 😮 so You Rock- Please help. Also have a vehicle lol
Flippy flops