Welcome to a new episode of the Get Creative podcast. In this episode, we dive into the world of creative financing in real estate with Julie Nicholson and Matt Schaeffer. This duo shares their journey of collaborating on a wrap deal that showcases innovation, teamwork, and strategic thinking. Julie, a brilliant investor, navigated through a unique purchasing scenario, while Matt, wearing multiple hats as a real estate agent and creative finance enthusiast, facilitated the deal with remarkable flexibility. Their story is set in Temecula, proving that creative financing can thrive even in California's competitive market. Join us as we discover the layers of this deal, from the initial connection through a SubTo acquisition to a successful rental strategy, all while overcoming challenges with creative solutions.
Highlights:
"You're telling me we can do creative finance deals in California? I thought that was illegal. Unheard of."
"How is this even possible? I cannot believe that we're beating the whole entire everybody else is going getting 7% We're getting four and a half percent low money down."
"Look how they teamed up. They helped each other out and they were creative on more than one account."
Timestamps:
00:00 - Introduction to Creative Financing with Julie & Matt
00:16 - The Origin of the Temecula Wrap Deal
02:00 - Understanding the Seller's Motivation
03:07 - Julie Steps In as the Buyer
04:10 - Representing the Buyer and Structuring the Deal
05:12 - Julie's Rental Strategy and Payments
06:58 - Non-Cash Flowing Deal Justification
08:30 - Matt's Innovative Commission Arrangement
11:22 - Julie's Goals for 2024
11:54 - Matt's Business Outlook and Contact Info
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