060. Intro to Seller Financing

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In this episode, Ryan Bakke introduces the concept of seller financing, a topic gaining traction in the real estate world, especially with rising interest rates. He shares his personal experience of how he utilized seller financing to purchase his second rental property, despite being maxed out on debt-to-income ratio. Ryan explains the basics of seller financing, where the transaction occurs directly between the seller and the buyer without involving traditional financial institutions. He delves into the benefits for both parties: sellers can avoid hefty taxes by staggering property sales over time, and buyers can bypass the need for conventional bank loans. The episode also touches on strategies to convince sellers to consider this financing method and the tax implications involved. Ryan promises to explore these topics in greater depth in future episodes, offering sneak peeks into convincing sellers, finding seller finance deals, and understanding the tax nuances. He concludes by inviting listeners to join his Facebook group for real estate investors, where they can discuss tax strategies and more.

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Timestamps:

[00:00:00] Intro

[00:00:04] Seller financing.

[00:04:39] Convincing seller to do seller financing.

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*None of this is meant to be specific investment advice, it's for entertainment purposes only.