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👉 Creative Real Estate Investing for Beginners series: https://www.youtube.com/watch?v=ULoeuc8H3Nw&list=PLe2E8_qar3hildJ2MjGvyrF8MPyzGLOwI
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CREATIVE REAL ESTATE INVESTING FOR BEGINNERS LINKS:
💡Creative Real Estate Investing 101 👉 https://youtu.be/ULoeuc8H3Nw
💡Equity Sharing 👉 https://youtu.be/_CPDW1GvCSc
💡Options 👉 https://youtu.be/tbPwkxkcB70
💡Lease Options 👉https://youtu.be/eIWuYzT92SM
💡Agreement for Deed 👉 https://youtu.be/4hep7mrD_2c
💡Seller Carry Back 👉
💡Subject to 👉
💡Wraps 👉
💡All Inclusive Trust Deed 👉
An agreement for deed (also called a land contract, contract for deed, bond for deed or installment land contract) is a form of creative seller financing.
Instead of getting a loan from a bank, the seller gives you the loan to buy their property and make payments to the seller.
The main difference between this and a typical mortgage is with a mortgage you get title then make payments whereas with an agreement for deed it’s the other way around.
Here’s the thing though – when you negotiate a mortgage with a bank you can be sure that all the terms will be in their favor. When you’re negotiating with an individual, being creative in how you structure a deal can mean your agreement is much more flexible and beneficial to you!
As a buyer, although you’re not on the title you do have equitable rights protected by law, however there are a few additional things I recommend in order to further protect yourself.
Timestamps:
0.54 – what is an agreement for deed?
1:13 – what’s the difference between an agreement or contract for deed and a mortgage?
1:38 – other names for an agreement for deed
1:48 – your equitable rights (and how to further protect yourself)
2:51 – benefits to buyers to purchasing a property via a land contract
3:22 – benefits to sellers to selling a property via agreement for deed
3:51 – the interest rate
4:07 – what you need to negotiate
4:30 – why a bond for deed is such a great creative financing strategy
5:41 – what you should negotiate for
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My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
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