<transcript><audio_138>that up too much but we've all been there so you can bring it up if you like so Chris let's start right out with tell me about buying and selling property on terms sure and and awesome as always to be talking with you Ted and and you can</transcript><transcript><audio_139>you fill in the blanks or ask me anything you want in between but as far as terms it could be broad word obviously we buy without using a bank without worrying about if we have good credit or not and without our cash other</transcript><transcript><audio_140>than maybe a $10 deposit so what does the terms mean we buy only on lease purchase or owner financing primarily and the Third Way is sometimes we'll buy it subject to the existing mortgage staying in place in the seller's name so</transcript><transcript><audio_141>just 10,000 foot view lease purchase you have a home whether you have some Equity or no equity you've got an underlying mortgage I'm going to take over that mortgage payment I'm not going to assume the loan it's going to stay in their name I'm going to make the mortgage payment I'm going to then put my buyer</transcript><transcript><audio_142>in there it's a tenant buyer on a rent own and I'm going to keep the difference I'm also going to guarantee them that they don't have to worry about their maintenance or anything else so they're not dealing with a renter they're dealing with me and they're dealing with a definitive date that they're going to be cashed out onor before the this a way</transcript> that up too much but we've all been there so you can bring it up if you like so Chris let's start right out with tell me about buying and selling property on terms sure and and awesome as always to be talking with you Ted and and you can you fill in the blanks or ask me anything you want in between but as far as terms it could be broad word obviously we buy without using a bank without worrying about if we have good credit or not and without our cash other than maybe a $10 deposit so what does the terms mean we buy only on lease purchase or owner financing primarily and the Third Way is sometimes we'll buy it subject to the existing mortgage staying in place in the seller's name so just 10,000 foot view lease purchase you have a home whether you have some Equity or no equity you've got an underlying mortgage I'm going to take over that mortgage payment I'm not going to assume the loan it's going to stay in their name I'm going to make the mortgage payment I'm going to then put my buyer in there it's a tenant buyer on a rent own and I'm going to keep the difference I'm also going to guarantee them that they don't have to worry about their maintenance or anything else so they're not dealing with a renter they're dealing with me and they're dealing with a definitive date that they're going to be cashed out onor before the this a way
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