Are you in over your head?

This student stumped me…

Recently, I finished speaking to a room of Real Estate Investors. Normally, I have a few investors that come up to me asking for additional questions and I share with them answers and tips on how to build their Real Estate business with the strategies that I teach.

But this time was completely different…

I didn’t know how to respond at first because of her tone of voice, I was taken back…

Mary (I changed her name to protect her privacy) stormed to the front of the room, coming towards me with her eyes locked on mine. I knew she had something important to say or she was just mad about something…

“I want to stop learning and start earning!”

I was lost for words.

Not sure what to say I replied, “How do you mean?”

She continued to pour her heart out…how tired she was, staying up late every night to watch videos and listen to trainings…you can tell she was way ov

Seller Financing a Property with a Mortgage

Bill Fairman from Carolina Hard Money talks with Larry about how you can do seller financing on a property that already has a mortgage.

  • What do you need to look at to offer seller financing?
  • Why does the borrower need the “ability to pay”?
  • Does the borrower have the ability/funds to complete the closing?
  • And most importantly, is the borrower willing to make the mortgage payment?

 

Why is the character of your buyer so important in qualifying them?  And what are you looking for on a credit report?

Find out all the answers on this quick hit segment from Invest in Yourself.

Seller Financing – The Market is Ripe

Paul Olson joins Larry to talk about Seller Financing and how they are using seller financing in their business.

Larry used to do primarily wholesaling, but as the market has turned, Larry has turned to doing more seller financed deals.

Larry talks about how, in the current market, he can earn more money by seller financing. The great thing, is it also allows him to spend more money on the property, even full list price!

Paul talks about a fix and flip is doing on his own right now. He goes into details on the comps, the area and how he measures the value of the property.

Watch the video below to learn more!