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October 28, 2019 @ 3:00 am

Ep 078 How To Deal With Repairs When It Comes To Creative Financing

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.

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October 21, 2019 @ 2:00 am

Ep 077 How To Quickly Identify Deal Killers; the BIG 5

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.

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October 14, 2019 @ 9:03 am

Ep 076 How to Scale Creative Financing Offers

On this episode we talk about how to scale the output of creative offers.... hint hint- it takes practice first and foremost! As an investor if you can make a cash offer in 2 minutes, then with some practice you should be able to make some creative financing offers in 5-10 minutes. Again this takes practice and the best way to implement that is to make a creative finance offer along with every cash offer you make. Also to scale you need to decide what your specific criteria is and stick to it, i.e. if your preferred cash on cash return is 15% on rental property then run your numbers at 15% when taking into account cash flow and total cash invested. Once you define your criteria then you can create a spreadsheet to help automate this process. Happy investing!

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.

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October 7, 2019 @ 3:00 am

Ep 075 Interview With Fellow Listener Adam Hall

On this Episode we interview Adam Hall who is a Landlord, Flipper, and Developer. He did his first creative financing deal back in 2005. Since listening to our podcast, Adam has been motivated to ramp up the amount of creative financing offers he makes and in the last 3 months alone, he has bought 3 different properties using creative financing. We also talk about a deal he is currently purchasing involving a Reverse Mortgage and using a Land Trust for short term financing as he plans to flip the property. In all of these examples, take note how using creative financing strategies has greatly reduced the out-of-pocket cash required to purchase the deal therefore reducing the risk, and lowering the barrier of entry involved in executing these deal. Happy investing! and check out our step by step video on creating multiple creative financing offers HERE!

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The Creative Financing Podcast
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