Austin Hancock converted 40+ rentals to seller financing and now collects 50% more each month without paying for repairs.
Join Us for DealMachine Unveiled: https://www.dealmachine.com/unveiled
Seller financing in real estate can turn a $1,200 a month rental into an $1,800 a month deal where the buyer covers taxes, insurance, and repairs. Austin Hancock has converted more than 40 Oklahoma properties to this model, and he explains exactly how seller financing works, from structuring a contract for deed to setting up a lease option with rates between 10 and 12%. He also covers what happens when a buyer wants out early, why he offers cash for keys instead of foreclosure, and the legal mistake that gets investors sued.
KEY TALKING POINTS:
0:00 - Intro
0:15 - Austin Hancock's Real Estate Business
2:28 - Quitting Spec Home Building
5:13 - First Rentals & Small Bank Financing
11:58 - Converting Rentals to Seller Finance
13:24 - How Seller Finance Deals Work
19:56 - When Buyers Leave or Default
22:41 - Lease Options Explained
28:39 - Ethics & Shady Investor Story
31:01 - Still Acquiring Deals?
32:33 - The Financial Impact
37:55 - Entrepreneur Identity & Fulfillment
45:04 - Race Car Driving Outlet
50:57 - Where to Find Austin & Outro
LINKS:
Instagram: Austin Hancock
https://www.instagram.com/austin.hancock1/
Website: Austin Hancock
https://www.austinhancock.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/