Music, hey there! Grant Kemp here with Creative Cash Flow. Today, we want to discuss free and clear properties and specifically, how to owner finance a free and clear property. So, let's first understand what free and clear means. It simply means owning a house without any debt on it. The reason we are focusing on free and clear properties is because it helps us learn the fundamental principles needed for more complicated owner financing strategies. In our previous video on the basics of owner financing, we discussed multiple strategies that fall under this term. By studying free and clear properties, we can easily grasp how these strategies work without the complexities of involving a bank or mortgage. With a free and clear property, there is no underlying lien or mortgage payments to consider. It's a much simpler process. For the sake of this video and exercise, let's establish that our house is worth $100,000. I often use this value because it makes calculations easier. For example, if we bought the house at 80 percent of its value, we would have purchased it for $80,000. It's important to understand these basic calculations and connections. Now, let's talk about the 10BII Financial Calculator. This app is a must-have for anyone in the industry. It can be found on the Play Store or Apple iTunes Store for $5.99. While I usually emphasize getting into the industry without spending money, this app is worth the investment. It is the lifeblood of our industry and will greatly assist you in your calculations. Remember, you have to spend money to make money. So, go ahead, visit the App Store, start the download, and invest $5.99 in your financial calculator. It will be a valuable tool throughout your journey in the industry.
Award-winning PDF software
Free owner finance contract template Form: What You Should Know
Free Contract For Deed Template PDF (10 MB) — Formal (12 MB) • Formal contract, with Formula for Ownership and Seller Liability Form Formula for Ownership and Seller Liability Form PDF Form • This is the form for the • This is the form for the owner financing contracts this form will be used by the Seller to collect the required • This is the form for the real estate broker to use to prepare your deed Formal, and will be used by seller to collect the required • This is the form for the seller to fill with the required information if we are not there to sign before you make the transfer of title This will provide the seller with additional rights over the property they are buying. If we are not there to sign before we make the transfer of title, we will sign any • If we are not home, then the Seller will need to bring the documents from the seller to sign This form will be filled by us at the time we transfer title This form will be filled by the Seller if we are absent at the time the deed is filled These forms are fillable and can be printed and filled. Forms and forms This form is a form for the purchaser to get the required document to sign the transfer of deed for their real estate property. Form: Transfer of Ownership (Form A): Title Form: Transfer of Ownership (Form B): Certificate of Title Buy or Sell Deed of Ownership — Fill in form and send to seller • If you sell the real estate property, you may choose to make the transfers electronically before we sign the deed, or in person. In person • This form helps to make the transfers of title, to avoid any possible delays. In Person This contract is for sellers and buyers to complete to transfer title to the land of the real property, and for them to have a certified copy of any documents used and signed prior to the deed being exchanged. This form helps both sellers and buyers to transfer title in an accurate manner, by keeping a record of the details and documents used in the transfer of ownership, and making the transfer of title by certified document. Buy Deed of Ownership — Fill In form and send to seller • You must pay the seller for this deed — you cannot use the owner financing addendum. This form must be filed at the time of the actual deed exchange.
online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do Vehicle Sales Agreement, steer clear of blunders along with furnish it in a timely manner:
How to complete any Vehicle Sales Agreement online: - On the site with all the document, click on Begin immediately along with complete for the editor.
- Use your indications to submit established track record areas.
- Add your own info and speak to data.
- Make sure that you enter correct details and numbers throughout suitable areas.
- Very carefully confirm the content of the form as well as grammar along with punctuational.
- Navigate to Support area when you have questions or perhaps handle our assistance team.
- Place an electronic digital unique in your Vehicle Sales Agreement by using Sign Device.
- After the form is fully gone, media Completed.
- Deliver the particular prepared document by way of electronic mail or facsimile, art print it out or perhaps reduce the gadget.
PDF editor permits you to help make changes to your Vehicle Sales Agreement from the internet connected gadget, personalize it based on your requirements, indicator this in electronic format and also disperse differently.
Video instructions and help with filling out and completing Free owner finance contract template
