Casey spent some time with me on the phone and gave some great advice! I do wish he would have explained how the sellers of seller financing saves money in a better/more detailed way. Also curious his portfolio size and net worth. Not that it’s anyone’s business but is he doing this on a small scale or are these strategies working for him on big deals where he is making multiple 100k to million plus on these deals. Can’t wait to keep learning from both of you.
really love this channel... one request: can you say who your guests are and what they or their company does? usually takes me the whole episode to figure it out
Walkable debt…. Once you agree to taking the note…. They send you an agreement with less than reasonable terms to see if they can get away with it. If they do… they will flip the property and walk your debt to another property… where they will not pay your balloon at balloon time.
You pay the tax on the principal in the year you receive it, spreading out the tax liability. The benefits would be limited if the seller is a high income earner.
Guest seemed a little confused talking about taxes. He never answered the questions straight. We might need clarification with a tax expert that also understands Creative Real estate.
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This conversation was ridiculously stimulating. Kudos to both of you. I think I understood 37%.
I swear this is the best podcast out. Real deal guys… Thank you!
Thank you!!
Gonna have to watch this on repeat 100X
Casey is the man!
Great episode Chris
Great conversation and insights
Thank you!
Just listened for a 2nd time. So good
“Walkable debt” aka. Substitution of collateral. It’s something you opt to put in your contracts to have the ability to move debts between properties.
Casey spent some time with me on the phone and gave some great advice!
I do wish he would have explained how the sellers of seller financing saves money in a better/more detailed way.
Also curious his portfolio size and net worth. Not that it’s anyone’s business but is he doing this on a small scale or are these strategies working for him on big deals where he is making multiple 100k to million plus on these deals.
Can’t wait to keep learning from both of you.
Good discussion. Thanks. Getting my head around Florida economics is challenging 😮
So when you substitute the collateral, does that mean you now own property A free and clear?
Extremely interesting. Thank you.
Another awesome conversation!
really love this channel... one request: can you say who your guests are and what they or their company does? usually takes me the whole episode to figure it out
Casey is awesome 🔥
Any connection with Mericle Commercial Real Estate and Kids for Cash?
Walkable debt…. Once you agree to taking the note…. They send you an agreement with less than reasonable terms to see if they can get away with it. If they do… they will flip the property and walk your debt to another property… where they will not pay your balloon at balloon time.
You pay the tax on the principal in the year you receive it, spreading out the tax liability. The benefits would be limited if the seller is a high income earner.
Guest seemed a little confused talking about taxes. He never answered the questions straight. We might need clarification with a tax expert that also understands Creative Real estate.
Basically you wont get you balloon at balloon time…