Today’s tip is number 15 when there is equity, always ask for owner financing. Now of course this is when you’re buying a property, go through your, what we call cost to sell worksheet. I’ll be explaining this in another video and what we do is actually sit down with a seller. We make a presentation to them and we end it with something called the costs to sell worksheet.
We get down to a final number and at that final number when we’re actually making an offer to the seller, simply say that when you get to that final number, you’ve already taken to an account if there is any existing financing on the property, so that final number is there equity in the property.
Now at that point in time, you want to ask the seller, how would it work for you? Or excuse me, would it work for you if you were to receive this in the form of dependable monthly payments? I hope you enjoy this. I hope you’ll use it and I hope it will make a difference in your profits. I’d love to share more of my profitable free tips with you.
101 Street Smart Cash Flow Accelerators