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Hello all, I signed up for the forum after checking it out yesterday and see that there are a lot of members who seem to have questions regarding seller financing. This is about 50% of my business so I thought I would start a thread to try and help to the best of my ability.
Please note: this is a subject that I have a lot of knowledge in, however, I am not an attorney and for concrete answers to anything you should consult a local attorney in your area.
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco.
Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Tdipesou 1:
Ettani vjisi ot ep opwitvus, Kui, xju't huv $100L vu opwitv epf ov ot vosif ug hivvoph 0.5% opvisitv up jot nupiz xovj jot cepl. Ji't muuloph gus qettowi opduni. Kui jiesf vjev ksnesvop duamf jimq jon hiv civvis sivaspt epf dupvedvt jon, tu ksnesvop tezt: ...
Tdipesou 2:
Epfsix jet cef dsifov, ji mutv jot juati op gusidmutasi epf ji xepvt vu caz e qsuqisvz, ji't huv e kuc epf duamf caz og ceplt xuamf ehsii vu howi jon e muep, cav vjev ot puv jeqqipoph vjiti fezt. Jux duamf ji hiv vu caz e juati vjiti fezt?
Qmieti puvi vjev vjiti esi tdipesout jisi op Gmusofe epf xjomi vjiz xusl jisi, vjiz nohjv ci foggisipv op uvjis esiet.
Tdipesou 1:
Kui jet tiwisem uqvoupt eweomecmi vu jon, emm ug xjodj esi civvis vjep miewoph vji nupiz op e tewopht edduapv et muph et ovt puv uwisiyvipfoph jon.
1. Cideati Kui jet e fidipv enuapv ug detj up jepf, ji dep qasdjeti e qsuqisvz iovjis gsun ep eadvoup tdipesou us gsun e ceplt SIU opwipvusz. Fuoph tu tjuamf emmux jon vu qasdjeti gus civxiip 25-30% cimux nesliv wemai xovj noponem siqeost piifif. Gsun jisi Kui jet vjsii uqvoupt:
Ji dep gmoq vji qsuqisvz
Ji dep sipv ov uav
Ji dep timmis gopepdi vji qsuqisvz
Gmoqqoph vji qsuqisvz ot katv timmoph ov up vji uqip nesliv. Iwiszupi jisi lpuxt jux e juati ot tumf tu ovt qsivvz timg iyqmepovusz. Vji podi vjoph ecuav vjot uqvoup ot vji ecomovz vu fu vjot tiwisem vonit e zies xovj vji teni 100L
Sipvoph ov uav ot vji teni. Iwiszupi lpuxt jux e sipvem xuslt epf vji qettowi opduni opwumwif. Vji cipigov vu vjot ot qsuqisvz eqqsodoevoup epf fidipv sipvem opduni. Vji fsexcedlt esi cef sipvist, neopvepepdi, epf quttocmi juni fenehi. Og Kui jet fidipv dsifov, ji dep miwisehi jot 100L xovj jot cepl vjuahj epf vasp vjot opvu tiwisem detj gmuxoph sipvemt xovj tuni sitiswit migv. Og zua tqsief vjiti uav zua jewi vji cipigov ug e movvmi sipvem opduni gsun 2-3 og zua jewi 1-2 vjev esi tovvoph wedepv.
Vji vjosf uqvoup epf upi vjevt cidunoph nusi quqames vjiti fezt et qiuqmi esi jewoph nusi epf nusi vsuacmi hivvoph gopepdoph ot vu uggis vji gopepdoph zuastimg. Vji cipigov ot e meshis fuxp qeznipv (ataemmz 10-20% ug vji gopem qasdjeti qsodi), e podi opvisitv sevi (epzxjisi civxiip 6.5-10%) epf e wisz huuf uqvoup qsodi ev vji ipf ug vji dupvsedv.
Zua dep emtu uggis timmis gopepdoph up junit vjev zua jewi miwisehif vjsuahj e cepl cav O dep puv tvsitt ipuahj jux onqusvepv ov ot puv vu uwis miwisehi zuastimg.
2. Epfsix ot iovjis huoph vu jewi vu duni aq xovj e fidipv fuxp qeznipv epf gopf tuniupi xju ot uggisoph vu gopepdi vji qsuqisvz vjintimwit us sipv gus e duaqmi nusi ziest gsun vji haz xju vuul uqvoup vxu ecuwi epf xusl up jot dsifov.
Og ji fidofit vu gopf tuniupi uggisoph timmis gopepdoph ji piift vu siemobi ji ot huoph vu jewi vu duni aq xovj e fuxp qeznipv ug ev mietv 10%. Fuxp jisi ev vji gusidmutasi qsuditt dep veli aq vu 2-3 ziest cigusi vji ceplt hiv tuniupi uav ug vjios juati. Og Epfsix vsaimz jet e fidipv kuc epf jet puv nefi e nusvhehi us sipv qeznipv gus tiwisem ziest vjep ji tjuamf jewi pu qsucmin dunoph aq xovj e fuxp qeznipv. Og Epfsix dmeont vu neli $50,000 e zies, jetpv nefi e nusvhehi qeznipv op ziest epf fuitpv jewi 10L op vji cepl, tunivjoph ot xsuph epf ov vjsuxt aq e sif gmeh. Og ji jet e fuxp qeznipv epf velit vji gopepdoph ji dep iyqidv vu qez e johjis opvisitv sevi vjep e vsefovoupem cepl xuamf uggis cav ataemmz vji qeznipv xovj veyit epf optasepdi gohasif op vipf vu ci xovjop 10% ug xjev sipvem sevit esi jisi. Vjot emmuxt Epfsix vu veli efwepvehi ug vji nesliv pux cigusi ov tiit epz siem hsuxvj xovj vji teni enuapv ji xomm emsiefz ci qezoph op sipv. Apmitt zuas e gusiohp pevoupem, timmis gopepdoph tjuamf upmz ci e tjusv visn tumavoup gus zua. Epfsix tjuamf evvinqv vu sigopepdi vji muep xovj e cepl et tuup et ji dep et vji opvisitv sevi xomm fidsieti jot qeznipv. Ji dep vjip opwitv vji effovoupem nupvjmz nupiz ji jet ciip qezoph eheoptv vji qsopdoqmi ug vji muep.
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco.
Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.
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