Nathan Payne explains seller financing for real estate investors: the seller acts as the lender instead of a bank. You collect monthly interest payments, get a down payment upfront, and can charge a higher overall price.
Another way you can sell your house is on terms. Now check out my other video that I've talked about what is seller financing, but just to recap, just to be really simple about seller financing, traditional financing is when someone buys your house with a bank loan. Seller financing is when you're the seller and you finance whoever's buying it. Now seller financing is good for you because you can be the bank, you can make a higher— you can make interest on the payments that you're getting every month, you can get a down payment, you can charge more money.
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