561: How to Make 50% More on Your Rental Properties

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/