<transcript><audio_149>owner financing it means that we're buying your property as the seller has nothing owed it's free and clear so those are the ones that we target for owner financing why because I can pay them full price or even a premium depending on how far out in the term</transcript><transcript><audio_150>they'll go because I'm paying them principal only always never interest so if they want to go out longer in the term I can pay them a few extra dollars up front more uh because not up front sorry on on top of their price more because I'm paying them every month</transcript><transcript><audio_151>principal anyway it's going down drastically okay now we better do is we better back up and tell people who you are how you got in this business and why you got in the business sure so I've been at this for 27 plus years or so so</transcript><transcript><audio_152>I'm I know I'm dating myself slightly there but I started in the early 90s I started doing single family homes and interestingly enough not knowing that I was going to be in the terms business later on we built these homes Ted</transcript><transcript><audio_153>without taking on a bank loan without having to pay subcontractors and without paying for the land until the home was sold and built and cashed out and then everybody got paid it was really cool so no overhead no bank loans we did that in</transcript><transcript><audio_154>the 90s mid 90s till 2000 bought and built and sold a realy Executives franchise so I had my account my realtor hat on during those years for five years and then from 2000 on I've been coaching people throughout US and Canada and doing my own Investments and</transcript> owner financing it means that we're buying your property as the seller has nothing owed it's free and clear so those are the ones that we target for owner financing why because I can pay them full price or even a premium depending on how far out in the term they'll go because I'm paying them principal only always never interest so if they want to go out longer in the term I can pay them a few extra dollars up front more uh because not up front sorry on on top of their price more because I'm paying them every month principal anyway it's going down drastically okay now we better do is we better back up and tell people who you are how you got in this business and why you got in the business sure so I've been at this for 27 plus years or so so I'm I know I'm dating myself slightly there but I started in the early 90s I started doing single family homes and interestingly enough not knowing that I was going to be in the terms business later on we built these homes Ted without taking on a bank loan without having to pay subcontractors and without paying for the land until the home was sold and built and cashed out and then everybody got paid it was really cool so no overhead no bank loans we did that in the 90s mid 90s till 2000 bought and built and sold a realy Executives franchise so I had my account my realtor hat on during those years for five years and then from 2000 on I've been coaching people throughout US and Canada and doing my own Investments and
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