Welcome to a new episode of Get Creative. In this episode, we dive deep into the world of creative financing with Real Estate Rookie’s Ashley Kehr and Tony J Robinson. If you've ever been curious about seller finance, subject-to-deals, or simply finding innovative ways to invest in real estate without breaking the bank, this episode is your golden ticket! We break down complex strategies into digestible nuggets, making creative financing accessible to all.
Highlights:
"I've never made $1 in real estate by myself. Real estate is a team sport, and networking isn't just a good idea; it's an absolute requirement."
"Creative financing is not about paying less; it's about thinking more creatively about how you structure the deal. You can often pay more on paper and still come out ahead."
"The value of anything is not based on the purchase price. It's based on what you can do with it. It's about the utility and the income it can generate for you."
Timestamps:
00:00 - Introduction to Creative Financing with Pace Morby
01:21 - The F150 Story: A Lesson in Seller Finance
05:34 - Understanding Seller Finance vs. Subject-To Deals
08:14 - Selling a Truck on Payments: The Lightbulb Moment
11:29 - The Journey from Contractor to Creative Financing Expert
16:36 - How to Negotiate Creative Financing Deals
21:47 - Structuring Deals and Legal Considerations
25:56 - Overcoming the Due on Sale Clause
28:17 - Finding Motivated Sellers for Creative Deals
36:52 - Live Deal-Making and Future Workshops
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