Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. ... https://www.youtube.com/watch?v=ETseW3W6U88

This video is a segment from Episode 1051 of The Survival Podcast and can viewed here. http://www.thesurvivalpodcast.com/feedback-1-7-13 In this segment we discuss what is meant by the term "arms" as they apply to the individual. Specifically why the founders wanted the individual citizen to be equal to the individual solider. Along with the three areas protected by the second amendment. 1. The right to individual self defense 2. The duty to defend the nation against foreign invasion 3. To allow the people to be the final check on government power ... https://www.youtube.com/watch?v=RaxSkGFVnIo

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If you like these videos you will likely love my podcast and all my other stuff you can find at http://tspc.co. I am not going to say not to do this, I am going to say it should in most cases be your last resort not your first choice. I am also going to come at this from a stand point I have never heard anyone do before. I am going to put myself into the position of being the land owner you want to buy from, and tell you how I would view this and how I would right the contract to benefit me, not you. Then you can understand what to look out for, and what to negotiate if you end up doing this. Some Advantages of Owner Financing for the Buyer… Generally Anyone with a Down Payment is Approved, that’s it any other advantage comes back to this. Some Disadvantages for the Buyer… Interest rates are higher Term of loan is generally short 5-10 years vs. 15-30 Almost all have ballon payments Many have “penalties” for early pay off The number of available property is much smaller Terms of foreclosure are generally faster then a conventional loan Often owners are employing certain strategies and don’t want early pay offs, etc. and hence don’t want to negotiate In short you should only buy this way if you can clearly articulate the advantage or you have no other option. When you do this right this can work well in a few situations…. You are a “raw land flipper” who comes in and makes land more desirable, markets it and sells it rather quickly. You are going to build a home on the land that will qualify for a mortgage and will be refinancable for said purpose or after the build is complete. The land is relatively low cost and you are fine with the real price (what you pay) vs. the stated sale price and it fits your long term plans. All it this falls under it isn’t always bad but it is bad more often then it is good. In the end once you have a contract in hand it absolutely should be reviewed by a real estate attorney to make sure it means what you think it means and always remember laws and terms differ widely by state. What is true in Texas may not be true in Oregon, etc. Finally nothing in the video today is legal or financial advice, just how I personally view this concept and what I would watch out for if I chose to use it myself. ... https://www.youtube.com/watch?v=fOKEZpQZxe8