The Creative Financing Podcast

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.

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.

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.

On this episode we dive deep into using Subject To’s; how and when to use the strategy. Buying a property Subject To the existing debt is pretty straight forward but so many Wholesalers do it the wrong way. We break down exactly what it is and how to use it and when you should not use the strategy. We hope you enjoy!

There are 2 scenarios in which you should use Subject To’s

1. When a Seller is behind on mortgage payments.

And when you should not use Subject To’s

1. When wholesaling a property. Because, both you the Wholesaler, and the Seller has NO recourse to taking the property back in the event that the Buyer defaults on payments. 

The best ways to use Subject To’s

1. When you are Flipping the property and plan to sell it in the 6-18 months.

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 dive deep into using Subject To’s; how and when to use the strategy. Buying a property Subject To the existing debt is pretty straight forward but so many Wholesalers do it the wrong way. We break down exactly what it is and how to use it and when you should not use the strategy. We hope you enjoy!

There are 2 scenarios in which you should use Subject To’s

1. When a Seller is behind on mortgage payments.

And when you should not use Subject To’s

1. When wholesaling a property. Because, both you the Wholesaler, and the Seller has NO recourse to taking the property back in the event that the Buyer defaults on payments. 

The best ways to use Subject To’s

1. When you are Flipping the property and plan to sell it in the 6-18 months.

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 episode is all about how to find Buyers for your creative financing deals, and we go in depth on finding and screening Owner Occupant Buyers specifically. If you find a house that is in fairly good condition and your cash price would be too low for the Seller but they are open to terms, then consider wholesaling the home to an Owner Occupant… someone who has a down payment, and makes enough income but has credit challenges due to a past medical problem, divorce, job layoff etc.  

We give some incredible resources for screening Owner Occupants such as Rentler.com, Zillow.com and MySmartMove.com, and what criteria we look for including chronic credit issues, criminal history, income verification, and proof of funds. Additionally you should be working with a mortgage broker and have them do preliminary underwriting on your prospective Buyer to see if they can qualify for a mortgage in the next 1-3 years.

Jeff also gives the 8 sources he uses to find Buyers:

1)Realtors

2)Craigslist.com

3)Facebook Groups and Marketplace

4)Other people’s Buyers List 

5)MeetUp’s

6)Bandit Signs

7)Mortgage Brokers

8)Title Companies

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 episode is all about how to find Buyers for your creative financing deals, and we go in depth on finding and screening Owner Occupant Buyers specifically. If you find a house that is in fairly good condition and your cash price would be too low for the Seller but they are open to terms, then consider wholesaling the home to an Owner Occupant… someone who has a down payment, and makes enough income but has credit challenges due to a past medical problem, divorce, job layoff etc.  

We give some incredible resources for screening Owner Occupants such as Rentler.com, Zillow.com and MySmartMove.com, and what criteria we look for including chronic credit issues, criminal history, income verification, and proof of funds. Additionally you should be working with a mortgage broker and have them do preliminary underwriting on your prospective Buyer to see if they can qualify for a mortgage in the next 1-3 years.

Jeff also gives the 8 sources he uses to find Buyers:

1)Realtors

2)Craigslist.com

3)Facebook Groups and Marketplace

4)Other people’s Buyers List 

5)MeetUp’s

6)Bandit Signs

7)Mortgage Brokers

8)Title Companies

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 what kind of terms you should be seeking, when using creative financing, based on the amount of repairs a property needs. We first start with a simple formula on how to calculate repairs for light, medium, and heavy renovations. (This formula does vary based on labor costs in your market) We then walk you through who your Buyer will most likely be, if your wholesaling the property, based on what repairs are needed. Finally we discuss what terms you should be seeking with Sellers and the strategies you can utilize.

This is a very informative episode and there are so many factors that go into accurately calculating repair costs and the best advice I can give you is to always have a contingency factored in for the unknown expenses that inevitably arise and always plan on the project taking twice as long. 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 talk about what kind of terms you should be seeking, when using creative financing, based on the amount of repairs a property needs. We first start with a simple formula on how to calculate repairs for light, medium, and heavy renovations. (This formula does vary based on labor costs in your market) We then walk you through who your Buyer will most likely be, if your wholesaling the property, based on what repairs are needed. Finally we discuss what terms you should be seeking with Sellers and the strategies you can utilize.

This is a very informative episode and there are so many factors that go into accurately calculating repair costs and the best advice I can give you is to always have a contingency factored in for the unknown expenses that inevitably arise and always plan on the project taking twice as long. 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 talk about what is a lead or deal and what is not. and specifically what are the deal killers that we can identify up front so that we don't waste our time creating offers and following up with sellers. 

The the BIG ones are: #1 Purchase price. #2 Downpayment. #3 Underlying debt. #4 Length of term. #5 Property needs to much work for asking price.

There are of course other factors that will kill the deal, but these are the ones that can quickly be identified. 

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