Mario Griffiths Real Estate Investor
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04/02/2022
Are you ready?
79% of Canadians 55 + say they can’t bank on registered retirement saving plans, the Canada pension plan and old age security for a comfortable retirement!!!
This is a scary reality for many.😱
At one point I felt….. stressed, trading time for money, only focused on paying bills and not knowing that there were other options.
Isn’t it funny how a mindset shift, new people, a different perspective, a fire in my soul and some rental properties can change everything in just a few short years?!
Who’s ready to look forward with me?! If you feel like you need a better retirement plan, let’s talk!📩
03/31/2022
Your finances.
Your career.
Your relationships.
Your health.
Your commitments.
and the list goes on and on.
You can do a full renovation or just pick one area to renovate at a time. You can DIY it or call in the experts.
Nobody is stopping you!
If you don't like something in your life then it is time to get to work on that renovation!!
Drop a fire emoji if you agree!🔥🔥
03/22/2022
The seller becomes the bank 🏦
It can get confusing as it is also called owner financing, seller financing, seller carryback.
These terms just mean that at the end of the day, the owner will be the bank, and sometimes they may have an existing loan that has to be figured out.
The biggest pro of seller financing is everything is negotiable.
There are no set terms, rates, down payments, etc. and it is up to the seller and buyer to decide all terms.
Some other pros on both sides:
-May be able to negotiate little or no money down
-No traditional bank underwriting so may open up more opportunities to qualify
-No limit soldier...you are not capped on how many you can do like a traditional lender who said 10 is my cap on total mortgages
-Faster and easier closing process
-Tax benefits on both sides
-Doesn't show up on your personal credit
Of course there are risks associated, and I'm not your accountant or attorney. Just sharing my thoughts so do your own due diligence.
Have you used seller financing before?!
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Toronto, ON
