Just discussed owner financing with a friend who bought a $2M asset

21 Dec 2023 · 0 min

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Mark Evans describes a friend who bought a $2M asset with just $100K down, getting the seller to carry a 0% interest note for 30 years. The seller was older and wanted out; negotiating terms beat haggling over price.

Questions this video answers

$2,000,000

$100,000

0% interest for 30 years with a 10-year payoff

Because the owner was older and didn't want to deal with it; preferred some monthly cash rather than managing the asset.

Getting people to owner financials. I was just talking with my buddy who bought a two million dollar asset recently. The owner, he literally put 100 grand down. And he had money, so he put it down. You got it for a 0% interest for 30 years with a 10 year payoff. The owner's older, just doesn't want to deal with it. Bucks a month is better than nothing. I just don't want to deal with it there. See, a lot of times we make it all about the money. It is about money, sometimes a little bit. But it's either I'm going to pay your price and get my terms or I'm going to get my terms and pay your price.