Seller Financing Explained

In this video of the Buy Below Market show, Andy Werner breaks down how sellers can become the bank and realize the many reasons being the bank is where the money is really at. Andy talks about the tax savings of being the bank as well as other benefits for a seller to be the bank. On the buyer side, he discusses the numerous advantages to buying a property from a seller who is willing to offer seller financing. If you have been denied a loan from a bank because you are self employed, you income is hard to verify, or your credit just isn't where it needs to be, seller financing can be a real path toward homeownership. As with all our videos, this one lays out both pro's and con's for both parties, tax implications and even some of the legal aspects to pay attention to.