The Creative Financing Podcast

In this series, we cover a gambit of things regarding Creative Financing. Jeff puts me in the Hotseat with a Pop Quiz. This is a broad overview of Creative Financing with micro details. It's Pop Quiz Time- How much do you know. Try to follow along and pause the recording to allow yourself to answer these questions. You’ll be surprised by how much you know and how much you don’t!

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

In this series, we cover a gambit of things regarding Creative Financing. Jeff puts me in the Hotseat with a Pop Quiz. This is a broad overview of Creative Financing with micro details. It's Pop Quiz Time- How much do you know. Try to follow along and pause the recording to allow yourself to answer these questions. You’ll be surprised by how much you know and how much you don’t!

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

In this series, we cover a gambit of things regarding Creative Financing. Jeff puts me in the Hotseat with a Pop Quiz. This is a broad overview of Creative Financing with micro details. It's Pop Quiz Time- How much do you know. Try to follow along and pause the recording to allow yourself to answer these questions. You’ll be surprised by how much you know and how much you don’t!

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

In this series, we cover a gambit of things regarding Creative Financing. Jeff puts me in the Hotseat with a Pop Quiz. This is a broad overview of Creative Financing with micro details. It's Pop Quiz Time- How much do you know. Try to follow along and pause the recording to allow yourself to answer these questions. You’ll be surprised by how much you know and how much you don’t!

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

One thing you should always ask a Seller is, Ask if they are open to terms. Here is the info on this deal. How would you structure terms? 

SFR 2bed 1bath. Older, it's possible to convert the garage to a second unit. Mostly updated. Seller thinks it's worth 210K. It's free and clear, taxes are 1K/ year. 1K market rent/month. 

3 simple offers

1) Short term financing to retail to an Owner Occupant. Offer 195K with 10K down. Finance 185K at 3.5% interest, amortized for 30yrs. Term of 5 yrs. 

2) Seller subordination 215Kpp, 45K down in first position at 6% interest, 170K financed in second position,  principle only for 5yrs.

3) 212K offer price, 10K down,  2.5% hybrid 850 payment. Term 42 months. Sell for 225K, collect 10% down from Owner Occupant.

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

Do you want to convert more deals? Creative financing, How to close deals virtually over the phone. 

Favorite strategies- 

3 ways to do more deals

1. Put more leads in the pipeline

Build rapport, build a connection with the seller. 

Talk about -FORD- Family, Occupation Recreation, Dreams.

Don’t force Rapport, let it come naturally through conversation. How long have you owned the property? Have you had some issues during that time? If this is not a win/win please tell me because I don’t  want to do it if it doesn’t work for you. I will respect your time and decision.

Always answer a question with a question. Always try to ask open ended questions, to let the seller talk. The more info you have on their situation the better you can tailor a solution for them. Find their goal and help them get there. 

Clarify and validate their objection by repeating it and asking them if that's correct. This builds rapport and they start to trust you because it shows you are listening.

Decisions making comes down to 3 things-

1. Motivation

If your interested in Jeff’s Apprenticeship please email [email protected]

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

Negotiations tailored to creative financing. 

Do you want to convert more deals with Creative financing, or close deals virtually over the phone. 

Favorite strategies- 

3 ways to do more deals

1. Put more leads in the pipeline

Build rapport, build a connection with the seller. 

Talk about -FORD- Family, Occupation Recreation, Dreams.

Don’t force Rapport, let it come naturally through conversation. How long have you owned the property? Have you had some issues during that time? If this is not a win/win please tell me because I don’t  want to do it if it doesn’t work for you. I will respect your time and decision.

Always answer a question with a question. Always try to ask open ended questions, to let the seller talk. The more info you have on their situation the better you can tailor a solution for them. Find their goal and help them get there. 

Clarify and validate their objection by repeating it and asking them if that's correct. This builds rapport and they start to trust you because it shows you are listening.

Decisions making comes down to 3 things-

1. Motivation

If your interested in Jeff’s Apprenticeship please email [email protected]

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

On this episode we talk about structuring terms on a storage unit in Texas. If you learn how to structure terms on a single family residence, then you can do it on bigger deals and transition into commercial. This episode is meant to inspire you and open your perspective to new possibilities. Here is the numbers we go over on this deal....

340PP 40K down. Asking 450K at 5% interest only for 5 years. After 2 yrs amortized.

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

If you are having a hard time finding deals in your area then consider Virtual Wholesaling. Creative Financing works all across the nation, in every market and if you can create terms on a property, it will be that much more attractive to any Buyer, so today we are going over some key points of virtual wholesaling.

Look at crime rate (look at 2 0r 3 websites) and population. 

Run comps on Zillow, best guess and reach out to Real Estate agent.

Get under contract.

Then reach out to wholesalers in the market to sell the property. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

On this episode we talk about how to deal with pushback from the seller on down payment, term, and equity.

Here is the details

Townhome ARV 400.  268K Owed. 1700 PITI with HOA. Asking 397K, excellent condition. Could come down on price, and open to terms but wants 25% down.

How to look at it- cashflow? Can you sell to a landlord? Sell to Owner Occ? A cash offer won’t work because they want full price. 

Some options...

Offer 15K down, take 15K assignment fee and sell to the landlord, or,

Sell to Owner Occ for 40K down, offer seller 25K and second note for remaining balance on a wrap. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.