Hey, it's Joe. I got another one here. This is from Jim Delaney in Memphis, Tennessee. Joe, how do you find a seller who is willing to sell with zero down? That's kind of a basic, right up-front question that I think a lot of you have come to my site to find out. There's a thing called seller financing to get right back to the brass tacks, right down to basics. And that is where the seller holds the mortgage on the property. Now, the seller may already have an existing mortgage on the property, and you can pay them and they can pay the mortgage. Or, if they have no equity in the property, you can pay them directly on what's called a land contract. There are different zero down structures that you can use. And there's a whole hierarchy that I created to help you understand which one to use in any particular situation. It takes me a few hours to explain the whole hierarchy, but I'm going to go through it real quickly so that you can maybe know a few of these terms and get a feel for how this process works and get a feel for why I put them in this hierarchy. The hierarchy starts with you, as the buyer, because it's going to be exactly opposite. The hierarchy is going to be exactly opposite if you're the seller. But if you're the buyer, the best way to buy a property is subject to the existing loan, which means they deed the property to you and you make payments on their property. You have complete control of that property because you have the deed of that property. The second in the hierarchy is multi-mortgage. It's them also deeding the property to you, but this time they have...
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Free land contract s for tennessee Form: What You Should Know
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