The Importance of Asking

Gabe: There are no typical terms. And it took me a few deals to realize that. A lot of the early deals that I did, the interest rate was slightly above market. They were interest-only payments,. Did you not pay down on the principal anyway? Those first few years. It allowed me to cash flow a little bit more. Then there was like via balloon roughly around five years. So I thought those were typical seller financing terms. But then I bought a home and the couple were in their late 70s who wanted to carry 30 years fully advertised. Why do they want to carry for 30 years? Because we just want income for the rest of our lives. We