How to Rent to Own a Property

When you're talking about a wrap, you are taking over the existing mortgage. Then you are getting a second loan from the owner of the property who's now become the seller and that loan is going to be in second position to the first one. We make it's the same payment as what they currently have. So say, for an example, I buy in a wrap and their payment is $1,000 a month; the new note will be for the same thing.

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Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it.

Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance.

Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster.

In This Episode We Cover:

The EASIEST way to get dozens of off-market properties sent to you EVERY DAY

The best creative financing strategies and when to use each

Wrap mortgages explained and taking advantage of someone else’s low mortgage rate

Time freedom and the “golden handcuffs” that stop you from accomplishing your dreams

The one thing you should ask EVERY seller before you buy a property

Investing with a spouse and the benefits of building a business together

And So Much More!

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