In this video, Pace Morby gets in front of his whiteboard to break down why sellers would want to sell their house to you via subject to or seller finance. He dives into the differences between these two strategies and how the situations sellers find themselves in differ accordingly.
For subject to deals, sellers are usually experiencing pain points such as foreclosures, agents failing to sell their house on the market (i.e. expired listings), low equity, or being tired landlords. Pace uses Propstream to find these leads and shares real-world examples of why sellers opt for subject to transactions. He explains that many real estate deals have no equity because of the high costs associated with selling houses these days.
On the other hand, seller finance deals are about gain for the sellers. Pace walks through specific examples, like a 43-unit apartment building, where the seller wanted the highest amount of money to retire and creative finance was the perfect solution. He highlights the tax benefits, interest income, and the ability to avoid real estate agents and commissions that make seller finance attractive.
Pace also shares a personal story about his subject to/seller finance hybrid house in Kalispell, Montana. He emphasizes the importance of joining the SubTo community to access the most up-to-date contracts if you’re wanting to jump into doing creative finance deals, as you can't get these for free online due to their frequent updates.
If you’re suspicious about subject to and seller finance, this video is for you. Don't forget to like, comment, and subscribe for more creative finance tips, and join the SubTo community to take your real estate investing to the next level!
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❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a KZfaq video for entertainment purposes ONLY ❎