http://www.millionairementorgroup.com
Mark Gonsalves, senior mentor of the Millionaire Mentor Group, defines seller financing and how it affects your real estate transaction.
For our foreign investors in Canada, seller financing is known as vendor takeback. It basically means that instead of a bank holding the note on a property, the seller does. The seller collects the payment and not the bank. One way to take advantage of this is to buy a property at a low rate and then resell it at a much higher retail price. Since you act like the bank, you take the payments. But the great thing is you’re not a landlord. Your job isn’t to be a handyman or deal with tenant issues; you simply take the payments and enjoy the profits. Watch the video now to learn more.
For more information about the real estate market in the US today, visit our educational website at http://www.millionairementorgroup.com or call us at 1-800-WE-MENTOR, 1-800-936-3686.
Mark Gonsalves, senior mentor of the Millionaire Mentor Group, defines seller financing and how it affects your real estate transaction.
For our foreign investors in Canada, seller financing is known as vendor takeback. It basically means that instead of a bank holding the note on a property, the seller does. The seller collects the payment and not the bank. One way to take advantage of this is to buy a property at a low rate and then resell it at a much higher retail price. Since you act like the bank, you take the payments. But the great thing is you’re not a landlord. Your job isn’t to be a handyman or deal with tenant issues; you simply take the payments and enjoy the profits. Watch the video now to learn more.
For more information about the real estate market in the US today, visit our educational website at http://www.millionairementorgroup.com or call us at 1-800-WE-MENTOR, 1-800-936-3686.
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