I love owner financing. There is no better way for a regular person to create wealth than owner financing.
Savings Example — Let’s say you have $5000 that you want to save for your newborn child’s college fund. Well, if you put it in the bank and are lucky enough to collect 2% interest (which you won’t be) – by the time your child is 18 and ready for college, they will have a whopping $7141.23 — That is so awesome — NOT~!
But in the next example, let’s say you use that same $5000 as a 20% down payment on a $25,000 property — Which means you would owe $20,000 to the bank at approximately 6% with payments of $386.66 a month for 5 years
Then let’s say you use my strategy and sell your property for at least double or $50,000 – then take a $2500 down payment and hold the balance of $47,500 at 10% interest with payments of $416.85 a month for 30 years
That leaves you with a positive cash flow of $30.19 a month for the first 5 years or $1,811.40 — Then the next 13 years of $416.85 a month or $65,028.60 —- at this point in time, your child is 18 and ready for college
BUT IT DOESN’T STOP THERE, because your child will still have 12 more years of $416.85 a month or another $60,026.40 coming to them — Your child could get a PHD and still have 4 more years of payments coming. Your child will be getting payments until they are 30 years old — That is over $125,000 that your child will receive from your $5000 gift —
HOLY GUACAMOLE — TONTO — WOW~!
I AM SURE THEY WILL THANK YOU FOR IT!
OVER AND OVER AGAIN!
Owner Financing is the only way I know where any ordinary, regular person can make huge profits like this, on demand and do a deal one time and get paid every month for 30 years. So when your wife is pregnant with your next kid, do them a favor and don’t save their money in the bank, put it to work with owner financing and using compound interest to their advantage. It will definitely be worth it in the end.