Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Grant Cardone on Seller Finance?!

26 Oct 2023 · 0 min

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In this brief multi‑speaker clip, the participants discuss a real‑estate transaction involving 24‑year‑old buyers who are under contract and must provide a non‑refundable deposit by the upcoming Friday. Speaker A admits the team is “backed against the wall,” emphasizing the urgency. Speaker C highlights how bold it is for such young buyers to commit without an investor, loan, or capital. Speaker B points out that the deal is largely seller‑financed, meaning the buyers have secured most of the debt and now only need to fill the remaining funding gap—either through additional debt or an equity partner. The conversation ends with Speaker C expressing surprise at their own reaction, noting an initial expectation to dislike the situation. The clip underscores the mechanics of seller financing, the pressures of non‑refundable deposits, and the role of equity partners in closing financing gaps for inexperienced buyers.

If I don't do the deal, where do you get the money from?
I'm going to be honest, Grant. Our backs are against the wall right now. We're under contract for this and we have to put a nonrefundable deposit by next Friday.
I think that this is a pretty bold move for these kids, 24 years old, man, to put this deal under contract. They don't have an investor. They don't have the money. They don't have a loan. They don't have anything.
But they do have the loan because this deal is seller financed. So they found the deal. They found a majority of the debt. Now they just need the last little piece to close this out. It's either going to be the rest of the debt or it's going to be an equity partner. Fantastic job, guys. This is exactly how you do it.
Can't even believe I'm thinking about this, people. Dude, I swore I was going to hate this.
This was a wild deal and a crazy story, but we learned how to do all of this from Cody and Christian at multifamilystrategy.com. Check it out.