Unlocking the Power of Creative Financing! #wholesaling #paynelessflipping #paynelesswholesaling

Name: Unlocking the Power of Creative Financing! #wholesaling #paynelessflipping #paynelesswholesaling
Uploaded: 2024-09-22T23:00:19+00:00
Duration: 45 s
Channel: Nathan Payne
Description: In this segment, Nathan Payne introduces the concept of creative financing to a seller, explaining that instead of a traditional cash offer paid in full…

22 Sept 2024 · 1 min

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In this segment, Nathan Payne introduces the concept of creative financing to a seller, explaining that instead of a traditional cash offer paid in full at closing, he can purchase the property on terms—paying the seller over time. He emphasizes that this approach can potentially allow the seller to achieve their desired price of $300,000 while receiving higher overall payments spread out over a period. The seller, initially unfamiliar with the method, expresses openness to exploring the option. Nathan reiterates the seller’s primary goal of securing the highest price and suggests a deeper discussion about structuring the payment plan if the seller cannot receive the full amount upfront.

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Another way that I can get you more money is if we, uh, if I buy your property on terms. I don't know if you've ever heard of creative financing, but basically I just buy your home instead of paying you all up front, like the cash offer where I just give it to you once we close, I pay you over time. That way I can make you a higher payment, but I can pay more, but it's just going to take time.
Yeah. I'm not sure about that one. Never heard of that.
Yeah, no, we can dive deeper into it. I'm just giving you kind of like a surface level of what we can do. Cause really it sounds like to me getting the highest price is the most important for you. Is that kind of what I'm understanding? I want to get the most out of it. Yes.
Okay.
If you weren't able to get the, you know, everything up front, but still get the price you're asking for of $300,000, would that— is that something you'd like to explore a little bit further? Get you the price you want, but, you know, not all up front?
Yeah, I'll be, I'll be open to explore something like that.
Okay. So then depending on where they're leaning, right, then we dive into a little bit more about that.