Here's How To Negotiate For Owner Financing like a PRO! Never Use Bank financing and Hard Money Lenders EVER again! #ownerfinancing 📋 SIGN UP FOR OUR FREE OWNER FINANCING COURSE:
My brother and I went from having 0 rental properties to having 75 rental units in just ONE year... The secret? Owner Financing...
As a buyer, owner financing is a concept where you make monthly payments to the seller in exchange for the ownership right of the property depending on the specifics of the arrangement. Here are the benefits of owner financing:
1. No need to use your credit!
2. No need to go through a rigorous underwriting process through a bank!
3. No more waiting MONTHS for your property to close
4. Most Owner Financing won't be reported on your credit thus it won't affect your Debt To Income Ratio
5. In a worst-case scenario, if you default in owner financing, it won't create a negative impact on your credit!
6. Choose your terms by negotiating the interest rates, down payment, and the amortization period.
Now... The WORST way to negotiate for owner financing is to directly ask for owner financing... You have to create LEVERAGE for the seller to WANT to sell it on owner financing. There are two groups of people to keep in mind when negotiating for owner financing:
1. The Young Real Estate Investor Seeking to build Cashflow.
2. The Older Real Estate Investor Seeking to retire, buy back time, and stability.
Depending on the group of people you're dealing with, you're going to employ a different type of negotiation strategy. The KEY is to address the seller's #1 challenge and priority when negotiating for the owner financing arrangement.
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The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)
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Filmed By:
Christopher Dorsano - Creative Director
---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
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