The Creative Financing Podcast

1. Objection: We want 20% down- Question: what do you need it for or is it a trust issue? Be their advocate. Explain all the reasons you have to make sure this works for them.

                     Remember to always voice their concern, validate the concern, ask a why or what question, then offer the solution or                         “objection handler”. Happy investing!

On this episode Jeff walks us through another case study. It’s a single family home, they owe 45K payment 675/month PITI. Kitchen and bath needs to be updated. She was asking 125K and the home was worth 200K so Jeff made some offers. At first she was not open to terms. He offered 114K Cash, or 122K short term financing with 20K down and he would take over the monthly payment. She accepted the short term finance offer. Now the Seller throws him a curve ball, the Seller was buying on Contract For Deed and was not on title, so Jeff could not buy on a All Inclusive Trust Deed as they originally agreed to... Find out what Jeff does to solve the problem. 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.

On this episode we talk about a Subject To deal that Jeff got done in 2 business days. Not without risk either. Jeff had to put down money before he closed on the property. This deal is creative in a few ways, Jeff was able to get the Seller to commit to working with him to get the property closed. He got his title company on board up front and made sure they could close in 2 days. Jeff had to threaten a lawsuit against the Trustee attorney and the bank in order to get a payoff statement, and 12 hours later was able to get the reinstatement and payoff for the first loan and the payoff for the second mortgage. He bought it subject to both mortgages, reinstated the first loan for 15K, got the second discounted for 5K, offered to pay the Seller 20K and was able to immediately sell it to for a 40K profit to the person who brought the deal to him. Plus he was able to coach his Buyer on how to buy on Hard Money and then refinance the property, so the sell could be done fast. 

The biggest risk Jeff had to take was to pay the reinstatement of the loan without transferring title before hand, because the Seller lives out of state and they had no time to get closing docs signed and back to the title company before the Trustee Sale. Jeff shares what he would have done differently in retrospect to protect the money he paid to reinstate the loan.

SO... suggestions to get Pre-foreclosure done fast- 

1. Get the Seller's commitment up front to working with you to get the deal closed.

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 Jeff and I talk about how structuring the right terms on a rental can create cash flow in markets where you can not find the 1% rule on rentals (rent rate equals 1% of purchase price). We use the example of a property with a purchase price of $200,000 that can rent for $1400/month. Follow along to learn how structuring the right monthly payment using create terms can create cash flow and ROI where there would not be otherwise. The keys are: 

1. getting in light- meaning a downpayment of no more than 10%.

Enjoy and please let us know your thoughts!

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 Jeff and I talk about how structuring the right terms on a rental can create cash flow in markets where you can not find the 1% rule on rentals (rent rate equals 1% of purchase price). We use the example of a property with a purchase price of $200,000 that can rent for $1400/month. Follow along to learn how structuring the right monthly payment using create terms can create cash flow and ROI where there would not be otherwise. The keys are: 

1. getting in light- meaning a downpayment of no more than 10%.

Enjoy and please let us know your thoughts!

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 Jeff and I talk about how structuring the right terms on a rental can create cash flow in markets where you can not find the 1% rule on rentals (rent rate equals 1% of purchase price). We use the example of a property with a purchase price of $200,000 that can rent for $1400/month. Follow along to learn how structuring the right monthly payment using create terms can create cash flow and ROI where there would not be otherwise. The keys are: 

1. getting in light- meaning a downpayment of no more than 10%.

Enjoy and please let us know your thoughts!

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 Jeff and I talk about how structuring the right terms on a rental can create cash flow in markets where you can not find the 1% rule on rentals (rent rate equals 1% of purchase price). We use the example of a property with a purchase price of $200,000 that can rent for $1400/month. Follow along to learn how structuring the right monthly payment using create terms can create cash flow and ROI where there would not be otherwise. The keys are: 

1. getting in light- meaning a downpayment of no more than 10%.

Enjoy and please let us know your thoughts!

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 interview our fellow listener and investor Mike Cowper. Mike bought his first rental 5 years ago. Since then he has owned 15 rentals, was a partner on a 40 unit apartment building, and has wholesaled hundreds of homes. Mike became interested in creative financing because he got tired of being a Landlord especially because of the rise of property taxes and insurance costs, and the market just got more competitive for wholesaling houses.

Mike wanted to earn passive income without being a Landlord so he recently started taking his rentals and selling them on Land Contracts, (Contract For Deed), and has proven he can make residual income, not be a Landlord, and make huge profits in the form of interest and the arbitrage of marking up the purchase price to his Buyers. Now he can get a down payment, not a deposit, amortize the loan over 30yrs and earn interest (11%) over that period. He does not transfer title until the purchase price is paid in full and he no longer has the burden of being a Landlord. Listen closely to the specific details on how Mike does this, AND as a bonus Jeff walks Mike through an alternate way of creating terms on a lead that Mike already made an offer on. This is GOLD because Jeff shows how Mike can make more money by just adjusting the structure of the offer! 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 interview our fellow listener and investor Mike Cowper. Mike bought his first rental 5 years ago. Since then he has owned 15 rentals, was a partner on a 40 unit apartment building, and has wholesaled hundreds of homes. Mike became interested in creative financing because he got tired of being a Landlord especially because of the rise of property taxes and insurance costs, and the market just got more competitive for wholesaling houses.

Mike wanted to earn passive income without being a Landlord so he recently started taking his rentals and selling them on Land Contracts, (Contract For Deed), and has proven he can make residual income, not be a Landlord, and make huge profits in the form of interest and the arbitrage of marking up the purchase price to his Buyers. Now he can get a down payment, not a deposit, amortize the loan over 30yrs and earn interest (11%) over that period. He does not transfer title until the purchase price is paid in full and he no longer has the burden of being a Landlord. Listen closely to the specific details on how Mike does this, AND as a bonus Jeff walks Mike through an alternate way of creating terms on a lead that Mike already made an offer on. This is GOLD because Jeff shows how Mike can make more money by just adjusting the structure of the offer! 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 interview our fellow listener and investor Mike Cowper. Mike bought his first rental 5 years ago. Since then he has owned 15 rentals, was a partner on a 40 unit apartment building, and has wholesaled hundreds of homes. Mike became interested in creative financing because he got tired of being a Landlord especially because of the rise of property taxes and insurance costs, and the market just got more competitive for wholesaling houses.

Mike wanted to earn passive income without being a Landlord so he recently started taking his rentals and selling them on Land Contracts, (Contract For Deed), and has proven he can make residual income, not be a Landlord, and make huge profits in the form of interest and the arbitrage of marking up the purchase price to his Buyers. Now he can get a down payment, not a deposit, amortize the loan over 30yrs and earn interest (11%) over that period. He does not transfer title until the purchase price is paid in full and he no longer has the burden of being a Landlord. Listen closely to the specific details on how Mike does this, AND as a bonus Jeff walks Mike through an alternate way of creating terms on a lead that Mike already made an offer on. This is GOLD because Jeff shows how Mike can make more money by just adjusting the structure of the offer! 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.