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Unlock the secret of Seller Financing: Getting Started in Real Estate!

Ken McElroy Show

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What's the Risk to Seller Financing?

When you're doing a traditional deal, if people have debt, there's typically a do on sale clause. If they own it outright, there's no mortgage to pay off. They can do whatever they want. So what ended up happening is I would write a promissory note. It looked like backup just a little. Like I didn't get a lot of terms. You weren't going to understand and things like that.

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