Wholesaling Inc with Brent Daniels WIP 1211: No Cash, No Credit, No Problem - Buying Properties with no Cash or Credit
Owner financing, also called seller financing, is an option in which the property seller agrees to finance the buyer's purchase. Unlike traditional mortgages, the buyer pays directly to the seller instead of obtaining a loan from a financial institution. While buying properties with no cash or credit through owner financing can be a feasible solution, it also comes with potential risks and pitfalls that require careful consideration.
To help you navigate through this process, Todd Toback will share his insights and guide you on how to buy properties with no money down in this upcoming episode. Be sure not to miss out!
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Show notes:
- (1:05) Beginning of today's episode
- (1:16) Exploring the world of owner financing: How to purchase properties without relying on banks
- (1:36) The Pros and Cons: Traditional Financing vs Owner Financing
- (2:55) Discovering Todd's best-ever owner finance deal
- (6:52) Step out of your comfort zone and try the no-money-down approach
- (7:35) With owner financing, the seller can receive regular payments instead of cash upfront, making it a viable option almost anywhere
- (8:08) Establishing a relationship with someone who owns multiple properties and acts as your lender creates a long-lasting connection.
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Resources:
- No Limits Real Estate Investing
- To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe
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