Welcome to a new episode of Get Creative! Today, we have Gregory Crane, a member of the Gator Tribe and the Subto community. In this episode, Gregory shares his journey into real estate investing, highlighting a successful private money partnership deal he executed in Knoxville, Tennessee. He discusses the importance of networking, creative financing strategies, and how collaboration within the community has helped him thrive.
Highlights:
"Networking is key; meet as many people as you can."
"A wrap exit allows buyers to bypass traditional mortgage hurdles."
"You can get paid three ways in a wrap deal: at closing, monthly cash flow, and upon sale."
"Resilience is crucial; not every deal will go smoothly."
Timestamps:
00:00 Introduction
01:06 Introduction of Guest: Gregory Crane
01:41 Gregory's Background in Real Estate
03:58 Importance of Networking in Real Estate
04:26 Understanding Wrap Exits and Their Viability
06:24 The Buyer’s Situation and Deal Structuring
07:23 Marketing Strategies for Finding Buyers
11:02 Role of Transaction Coordinators in Deals
13:18 Growth Through Community Engagement
15:03 Resilience in Real Estate Investing
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