The Creative Financing Podcast

On this episode we answer a question from our fellow listener Nancy from Massachusetts. She called our hotline and asked how she can pull equity out of her rentals. She has traditionally bought rentals with 25-30% down and even all cash. Now she is looking to pull equity out by using creative financing in order to position herself to buy great deals with the downturn of the economy. Jeff and I talk about different strategies on how to do that and also how creative financing provides the benefit of leverage which is one of the most effective wealth building tools. Enjoy!

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

On this episode we are creating terms with our fellow listener Anthony Green on a multi-million dollar property in the Hollywood Hills area of LA. He has been following this house for months now…. He called our hotline number and asked for some help on how to use creative financing to make a deal, so we decided to make an episode out of it. We not only walk him through creating terms but we give him the actual LOI that Jeff sends to all his leads with the offers we created in real time. And then we go through the various exit strategies and who the right buyers is that he could wholesale this deal to. We provided the utmost value to Anthony on his specific deal by giving him an LOI with real offers, and we want to help you do the same with your deal so give us a call on our Hotline. The cliff notes of those offers are below. 

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

Offer# 1

PP- 2,450,000

Down- 180,000

3yrs

2.5% int

2,073,165

Find a owner occupant buyer for 2,550,000 PP with 280,000 down

Offer# 2

PP- 2,400,000

Down- 240,000

5yrs

4% int

10,312 pmt

Balloon- 1,953,677

Seller Gross- 2,812,397

Find a owner occupant buyer for 2,500,00

Offer# 3

PP- 2,450,000

Down 500,000 1st position @7% simple int. Pmt= 2,916.66

Second Mortgage- 1,950,000

7,500 pmt for second @2.5% 

4yrs

Balloon- 2,276,657

Seller Gross- 2,636,657

Find buyer for 2,550,000.

On this episode we really just have a conversation about what makes Creative Financing work. We talk about getting in light, keeping the end in mind, who’s your end buyer, what's your goal for the property, working the numbers backwards, wholesaling vs buy and hold, staying in the middle of deals to get paid up front, receive monthly cash flow, and get paid on the back end of the deal. We talk about private money and how using Creative Financing can help you find Private Money Lenders and how cross-collateralization can further secure your lender. This is a summary of all the strategies and best practices we talk about on the show. Hope you enjoy!

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

This is a Huge mile stone for us. Thank you to all who have been with us from the start. We are up to 75,000 downloads and we really haven't advertised the podcast. It's loyal listeners like you who have helped us build this tribe. We are excited to continue to bring you the best strategies and tactics for using Creative Financing and creating terms, so Please Please Please pass this on, and until next time go out there and create some terms!

P.S. We want to do more episodes where we create terms in real time on properties you guys are working right now. Call our Hotline at 877-409-8090 and tell us what you're working on and we will make an episode out of it, create 2-3 term offers and give you the LOI to present to your prospective Seller. It doesn't get any better than that! Also text CFP to our Hotline to get special access to a step-by-step video on how to create terms!

This episode is about what's going on with COVID-19 and how it can affect your business. The main point we want to make at the end of this episode is; Don't let fear control you, continue to take action but use caution and be more conservative. Be extra reserved if you're thinking about capital intensive projects such as land development and high end flips because you may be selling in a different market cycle. But always remember that creative financing works in any market, up or down, and it will increasingly be more lucrative in a down cycle, so learn how to create terms! 

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

Once again we talk about how to use creative financing on properties that need a lot of work and the number 1 thing to consider is: 

What’s your goal and how can you fulfill the Seller’s needs.  

With that said it’s important to understand that the more money a property requires to fix up, the more limitations you may have for an exit strategy. But you can always make short term and long term financing work regardless. Listen in to find out how.

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

On this episode we help our fellow listener Farukkh structure terms on a triplex deal he is working on in New Jersey. He already structured some awesome terms but needs help convincing the Seller, so we go over his terms and offer suggestions on how he can get this one closed. We love these kinds of episodes because we get to create terms in real time and offer valuable feedback on actual deals our listeners are pursuing. How can we provide more value than that? Enjoy!

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

On these episodes Jeff walks us through case studies on making creative financing offers on commercial properties, and really the key takeaway here is that you don't need all the information on a property up front to make offers. You always have time to discover and/or confirm income and expenses, lease agreements, rent rolls etc. so long as you give yourself an adequate inspection time frame. On commercial properties, especially listed ones, it is extremely difficult to find out what the Seller owes on a mortgage and what their terms are, so don't be afraid to make a creative financing offer if you don't know this information because if it doesn't work then the Seller will tell you or counter your offer. Always keep in mind that the same way you make creative offers on residential properties, you can make the same offers on commercial properties. And guess what? commercial owners are more open to carrying financing because of the amount of money banks require down. If you're already in the real estate game and you want to move up to the Major Leagues then commercial is where it's at!

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

On these episodes Jeff walks us through case studies on making creative financing offers on commercial properties, and really the key takeaway here is that you don't need all the information on a property up front to make offers. You always have time to discover and/or confirm income and expenses, lease agreements, rent rolls etc. so long as you give yourself an adequate inspection time frame. On commercial properties, especially listed ones, it is extremely difficult to find out what the Seller owes on a mortgage and what their terms are, so don't be afraid to make a creative financing offer if you don't know this information because if it doesn't work then the Seller will tell you or counter your offer. Always keep in mind that the same way you make creative offers on residential properties, you can make the same offers on commercial properties. And guess what? commercial owners are more open to carrying financing because of the amount of money banks require down. If you're already in the real estate game and you want to move up to the Major Leagues then commercial is where it's at!

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

On this episode we talk about how things can go wrong on creative financing deals and how to make them right. Most mistakes made on deal structuring boils down to miscommunication or lack thereof.... We talk about some mistakes that can be made and how to renegotiate with the Seller, specifically when using Substitution of Collateral. This is a multi-layered episode all about moving money from one deal to another for a higher yield. Listen closely to find out how to move financing around on different properties to create a win/win for your Sellers and a better interest rate for yourself for more profitable deals. Happy Investing!

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