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 Jeff puts me on the spot once again to create some offers on a single family home with equity that needs work and the Seller is open to taking terms for their equity. These make great learning opportunities because we walk you through the thought process, the needed info, the exit strategy and how to analyze the numbers to put together multiple offers. Follow along with a calculator or spreadsheet if you can because this is the best way to get real practice. 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 Jeff puts me on the spot once again to create some offers on a single family home with equity that needs work and the Seller is open to taking terms for their equity. These make great learning opportunities because we walk you through the thought process, the needed info, the exit strategy and how to analyze the numbers to put together multiple offers. Follow along with a calculator or spreadsheet if you can because this is the best way to get real practice. 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 Jeff puts me on the spot once again to create some offers on a single family home with equity that needs work and the Seller is open to taking terms for their equity. These make great learning opportunities because we walk you through the thought process, the needed info, the exit strategy and how to analyze the numbers to put together multiple offers. Follow along with a calculator or spreadsheet if you can because this is the best way to get real practice. 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 Jeff puts me on the spot once again to create some offers on a single family home with equity that needs work and the Seller is open to taking terms for their equity. These make great learning opportunities because we walk you through the thought process, the needed info, the exit strategy and how to analyze the numbers to put together multiple offers. Follow along with a calculator or spreadsheet if you can because this is the best way to get real practice. 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 go over Letters of Intent, the Do's and Don'ts what should and shouldn't be on them. And the real key to using a letter of intent is to keep it SIMPLE! so that the seller can see your offers in an easy to understand format, that does not confuse them with too much information or industry jargon. Enjoy and remember to keep it simple! 

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 go over Letters of Intent, the Do's and Don'ts what should and shouldn't be on them. And the real key to using a letter of intent is to keep it SIMPLE! so that the seller can see your offers in an easy to understand format, that does not confuse them with too much information or industry jargon. Enjoy and remember to keep it simple! 

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 goes into the nitty gritty details of using a reverse mortgage to flip a house. We talk about how to best structure the terms and how to work with the seller to avoid early bank foreclosure. The key to using a reverse mortgage as financing is to make it short term. Six to eight months max. The best approach is to have the seller on board and in communication with the bank . There is a certain time frame that banks have to give the seller before they can foreclose on the property. The time frame and the foreclosure process  may differ from state to state so it’s important to know what that is in your state. We also explain exactly what a reverse mortgage is and how its used. This is a very creative strategy to use in a short term situation where you are planning to refinance and hold long term or flip. Enjoy!

On this episode Jeff goes into the nitty gritty details of using a reverse mortgage to flip a house. We talk about how to best structure the terms and how to work with the seller to avoid early bank foreclosure. The key to using a reverse mortgage as financing is to make it short term. Six to eight months max. The best approach is to have the seller on board and in communication with the bank . There is a certain time frame that banks have to give the seller before they can foreclose on the property. The time frame and the foreclosure process  may differ from state to state so it’s important to know what that is in your state. We also explain exactly what a reverse mortgage is and how its used. This is a very creative strategy to use in a short term situation where you are planning to refinance and hold long term or flip. Enjoy!

On this episode Jeff and I talk all about marketing… The question Jeff and I get most often is “how do you find properties in this market”. I give exactly what I am doing right now for marketing, we talk about what Jeff is doing and give some killer resources to study direct marketing. We go into the small details of using direct mail, frequency, cold calling and much more. Jeff gives a long list of properties/distressed situations you can target. We also talk about the lowest hanging fruit for beginners which is calling Craig’s List Ads, For Sale By Owner, and For Rent listings. Once you understand how to use Creative Financing you can make deals out of all the various lead generation strategies. 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.