pt.4 Q&A With Jeff’s Apprentices

#198: pt.4 Q&A With Jeff’s Apprentices

In this series, we take questions from Jeff’s apprentices who are currently in his program. They ask some great questions and this will help you further understand creative financing from a macro perspective. Here are the following questions we answer for these apprentices…

 

Why would a Seller consider taking a terms offer over selling out right? 

How much more do the Sellers nets by taking terms?

What is the Seller's security in taking a terms offer?

What is one of the major trends in wholesaling right now? 

Do you send the same type of offers every time?

For someone just starting in creative financing, what's the first term offer one should start using?

How can you ensure payments get passed on to my heirs?

Can you still offer terms on a property where the Seller is looking to do a 1031 exchange?

How do you protect yourself in the event of a market crash?

Do you pre-negotiate extensions on terms?

What do you do with the property at the end of the term when the balloon is due?

Are there any types of loans that you can’t use creative financing loans such as FHA or VA or Reverse mortgage loans?

If you buy a property on owner finance, can you sell the property before the end of the term?

How do I use creative financing as a flipper or buy and hold investor?

How do you structure terms if a seller won’t take any less than 20%?

How to best work with investors to buy the property yourself rather than wholesaling it?

How do you work with a Seller who has an exceedingly high mortgage payment?

How do you set up a tenant/owner occupant for success to buy the property at the end of the term.

What offers do you get accepted the most and why?

Do you get the tax benefits on owner financing?

Can I sell my property on a subject to?

What are the benefits for agents to work with us on a term offer for their client?