Determining if a Creative Finance Deal Is Good or Not

What do “terms” mean in a creative finance deal? In today’s video, Pace Morby dives into what terms are in a creative real estate transaction. He walks through a subject to deal he bought from Armando, a community member, explaining what each number - or term - means and how it impacts both him and the seller.

As he’s discussing the deal, Pace discovers the deal doesn’t cash flow. He renegotiates certain terms, such as the assignment fee, to be more beneficial to him since he know it will take longer for the property to profit. He provides helpful tips to keep in mind when determining if a creative finance deal is a good deal or not. You should be informed of what each term means so you know the correct questions to ask. This video is great to watch if another investor or agent reaches out to you, as the seller, asking if you’d sell your house on terms.

Get the full settlement statement for this deal below!

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY ❎