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As Shawn Watkins with investors workshops and I wanted to give a brief overview of an all-inclusive trustee to know a lot of you have asked questions about the details of an all-inclusivetrustee, so I did some illustration on the board here and IN×39’m just going to take a minute or two and go through quick explanation so in this exampleyou'’ve made one hundred a fifty thousand dollar offer to purchase some real estate and the seller is okay with it, but the seller says you know I owe $100,000 tithe bank so are you going to pay off the bank, so I say no I'm not going to pay off the bank what we'll do is we×39’ll create an all-inclusive trustee, and we will include that in the payment so here'show you would do that you×39’ve got a first trustee for a hundred thousand dollars with whatever bank it is and let's say that trustee has a debt service of six hundred dollars a month okay so we'begot that in the mix and it×39’s insure Avery good negotiator you×39’ve negotiated the $50,000 difference at 0% interest for the next 30 years that equates to a hundred and thirty-nine dollar monthly payment to the seller in essence solar×39’s how you do that we take this Aimee put it around the first so the amount of the all-inclusive trustee it'll be a hundred and fifty thousand dollarsthat'’s one hundred thousand the firsts plus the fifty that you×39’ve agreed to pay over that what that does be when you add the 139 to the six hundred you come up with a seven hundred and thirty-nine dollar monthly payment payable tithe all-inclusive trustee now six hundred dollars of that comes out and gets paid to the first leaving one hundred thirty-nine dollars a month payable every month to the seller, so thereat thing about this is you can take property with existing financing use vehicle called an all-inclusive trustee you go completely around that firsts it×39’s taken care of every month whichyodonen'’t have to pay off that first you don't have to go out and qualify to take over that loan by using anall-inclusive trustee you can get which done what you want without having to go through much hassle at all soall-inclusive trustee very useful if you know how to use it very powerful for you when you×39;rebuying real estate
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