Seller financing can be a useful tool in a tight credit market. It allows sellers to move a home faster and get a sizable return on the investment. And buyers may benefit from less stringent qualifying and down payment requirements, more flexible rates, and better loan terms on a home that otherwise might be out of reach.
We will learn how to structure Seller Financing terms, the different types of Seller Financing and how to Negotiate Seller Financing.
- Subject 2
- Due On Sale Clause Explained
- Contract for Deeds
- Lease Options
- Seller Carry Back Notes
- How to use a Financial Calculator
- How to Create a Loan Amortization Schedule
In seller financing, the seller takes on the role of the lender. Instead of giving cash to the buyer, the seller extends enough credit to the buyer for the purchase price of the home, minus any down payment.
Seller financing can be done in many different ways and with multiple options in the same transaction. The most common form of seller financing is with a Contract For Deed, but there are many alternative options available, including lease options and we will discuss all of them.
Meeting Agenda
- 5:30 pm - Registration / Check-In / Networking / Vendors / MnREIA Trivia
- 6:00 pm - Early Bonus Session with Market Update with Mike Jacka
- 6:40 pm - Networking
- 7:00 pm - Haves and Wants
- 7:30 pm - Main Presentation
- 9:00 pm - Adjournment
- 9:30 pm - 11:00 pm - Meeting after the Meeting (Applebee's - Fridley)
Play MnREIA Trivia
Everyone that plays is a Winner,
and one lucky winner will receive $50 in REIA Bucks.
To Play REIA Trivia, simple
visit the Vendors to get the Questions (if you ask them, they may even help you find the answers), write your answers down on the
Answer Sheet that you get when checking in. Then turn the Answer Sheet in and take a spin at the REIA Trivia Spin Wheel to see what you have won.
Pre-Register Early for REIA Bucks!
Members Earn $5.00 REIA Bucks by Pre-Registering at least 24 hours early.
If you are Pre-Registering at least 24 hours early, then you will automatically be assigned $5.00 REIA Bucks when you check in at the live event. (Not valid for Virtual Check In)