The Truth About Seller Financing Real Estate (What You Need to Know)

[@jamelgibbs]

Find off market lists of absentee, pre foreclosures, 40% equity, single family. Get 30% off Propstream: bit.ly/vippropstream

[@jamelgibbs]

↓ Click the link below to become a subscriber ↓ reieducationacademy.com/KZbin-Subscribe Also, share and leave a comment below.

[@ivanware626]

Bruh! You are really helping those of us who are trying to get into real-estate, thanks for everything Bruh!!!

[@jamelgibbs]

💪🏾💪🏾

[@sheritacotten5293]

most sellers do not understand what owner financing is it is up to us to explain to them use the F150 story by Pace Morby

[@deesantana1908]

📠

[@deacondc112]

OMG, you are the truth!!! Man, we totally appreciate your real, your knowledge and your gems 💎 about the business!! I'm in this deal for the long haul and finding your channel has been a blessing for me and my journey. Following!!!

[@jamelgibbs]

🙏🏾

[@paralleldefense]

What are the risk for the seller ?

[@batatasol8540]

Sir quick question: I have a seller Finance deal: Purchase price: $95,000 - Down payment: $15,000 - No interest - Term: 10 years - Monthly payment: $700 Owner have the property free & clear. If I purchase this property, can I pull out the equity from this seller Finance after rehab? Or I can do refinance? Thank you for your response.

[@jamelgibbs]

I would do a heloc and keep the no interest loan.

[@kindragrin]

Ok ...seller finance ..I her u can wholesale u can do diff things ...what do u do if I don't want at the time to be a land lord ...or property manager to pay the money back to sellar monthly

[@hachemjean]

You really think an owner will finance a 480 credit score with 5k down, you tripping, foreclosure costa 30/40/50k if the down is not bit enough no seller will do it and for 480 score hahaha

[@jamelgibbs]

Ok. You keep doing what you’re doing. More deals for me. ✌🏾

[@deidrastradingjournal6962]

I love your content so much. Keep making videos!!

[@jamelgibbs]

🙏🏾💪🏾💪🏾💪🏾

[@fahnlohneeht6794]

In seller financing , does the seller pay the bank still or do I now ‘own the mortgage and paying bank, own title, …?

[@annettewebster982]

Bank isn't involved. It is a deal directly between buyer and seller. Just make sure to have the proper paperwork and the terms listed clearly so neither party is confused.

[@hop4ap]

When talking seller finance the terms are the meat of the deal, Talk more about the type of terms u may want to present to the seller.

[@jamelgibbs]

Amortization Explained | Real Estate | Creative Real Estate Investing kzbin.info/www/bejne/Z6eWaXiwd7agabM How To Make An Offer On A House | Creative Real Estate Investing kzbin.info/www/bejne/qYvdioKIlMhjj5o Structuring Owner Financing Deals kzbin.info/www/bejne/nIutk3iOpriknas

[@hop4ap]

Thx

[@hachemjean]

Most of what you said is wrong or irrelevant. Call this video how to waste 5 min of your time

[@jamelgibbs]

Glad you figured out that this channel isn’t for you then. 🤷🏾‍♂️

[@onestepahead1857]

Sounds like seller finance is a scam, paring on sellers in distress

[@jamelgibbs]

Not sure how it sounds like a scam, but thankfully it’s not.

[@KevinP32270]

thanks!

[@GorillazGames]

I appreciate the pros and cons presentation. I am not an investor; rather, just a guy looking to move his family into something a bit more spacious....and better. I have the $$$, now I just need the🧠

[@MsHairis8]

This seems really interesting and a very new concept for me. My question is since there’s no credit check or bank involved what security is there that the person renting the house is not going to just stop making payments? Have you ever dealt with that doing a rent to own that the renter dips out?

[@vanesahughes7169]

It’s possible that the person could dip, but that’s why you would require a certain amount of money down. This will be no refundable should the person dip, as outlined in the contract between the two of you. So far it’s working awesome for me!

[@listenoutloud1729]

​@@vanesahughes7169 are you willing to give some insight to the approach and steps you have been using and in what State you are in!??

[@chihhu5751]

What is an reasonable amount of down you would request ?

[@iamsuky4251]

@@vanesahughes7169 hey, Im looking to get started with buying homes seller financed. Could you share the contract you use?

[@raymondroysr.]

do not get a balloon payment i have loss my house because of it an i just spent $21,000 on heating an piping an $8,000 5years ago for new roof do not get it

[@kashfortheking]

Your channel has really blown up! I saw that original video and you hadn’t hit anywhere near 100k yet. God is good!

[@powerfountain8761]

I have a company looking to buy off market botique hotels. Let me know if you are interested.

[@NevaWilson-s2h]

If you take over a mortgage will the bank check your credit?

[@alwaystamcam8849]

Thank you so much!!! A lot of great information!

[@patrickharris5769]

I bricked I wanted to throw my name in the hat for your apprenticeship project, but I didn't want to play myself, as far as my living situation would have defiantly interfered with my 100% dedication. You are very well spoken, believable, I do feel that if I studied and put into practice the material present in each of your sessions, I could actually make a way out of no way.

[@jeremymoore952]

Thanks Jamel for sharing this real estate knowledge brother keep the videos coming ✊🏿

[@bernardbarbour]

Excellent content Sir. Thank you.

[@erbj1122]

How can I contact you. Im 20 min South of Charlotte North Carolina.

[@danielacker3615]

Great video! Could you do a video where you have a numbers on deal you have & with an extension on the balloon? Thanks

[@johntrimble9669]

what cons for seller financing a second?

[@MompreneurTalks]

Great info. Thank you!

[@ArtisticallyAspiring]

Do you have a course on seller finance

[@jamelgibbs]

Yes. It’s actually on sale until tomorrow. Check it out here: reieducationacademy.com/bogo

[@heyjaylock]

Very helpful thank you!

[@jamelgibbs]

Glad it was helpful!

[@danielanglero3408]

Great content 🍿🍿💥💥💥😡💥💵💵

[@eze289]

No money no honey😮😮😮

[@naaopoku314]

Thanks for sharing

[@ABcareerMatch]

This is gold! Thank you for sharing

[@whoarie]

Solid my man. Solid. 👍🏽

[@caribbeansolutions4052]

Good video.

[@hashimsalim2665]

😀

[@R0404]

Great video, bro

[@HTSS8]

So it's Pros and Cons for the Buyer. This is not clarified by the title and only picked up on as the video proceeds. This is not responsible content production. You need to say exactly what you're talking about. It shouldn't need to be said that there's Pros and Cons for the Seller too. So whoever you're talking to, say that clearly. Prove basic communication skills before going on and on for weeks and months and years with an informative platform that misses easy points of communication. So either you're doing it on purpose to be misleading or ignorantly, which both mean you have not legitimate creditentials for the platform you're trying to stand on. As is the case with almost every channel

[@bigmike208McDizzle]

I have noticed most if not all these KZbin videos on creative financing….are trying to help investors….they don’t really care about the sellers at all. Not surprising of course….everyone has sold there soul to the devil in this country.

[@pravak6745]

lighten up Francis

[@mywellnessdojo1939]

Per this video, and also re: your other video about OPM/seller financing, you mention structuring a deal with seller for ex, 120 payments, and alternatively with the renter buyer, (may not be the term you used but the renter,) to make 60 payments, you mention as a con in this video not qualifying for a mortgage, it this scenario, do you need a mortgage? Any other big con or worst case scenario to factor in with seller financing?

[@jamelgibbs]

I’ll answer this in detail in my next Q & A video.

[@michaelstockston5989]

Is it possible for the sellar to give me cash I take over the fire-damaged house along with the monthly and the taxes and fees and when I refinance the house after the fire rebuilt I'll be able to pay them in full and keep the remainder balance of the refinance is that possible

[@jamelgibbs]

Depends on what you negotiate with them