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Wealthy Way
Using Private Money and Creative Finance to Kickstart Your Real Estate Journey
Jul 17, 2024
Learn how leveraging private money and creative finance can kickstart your real estate journey. Explore strategies like interest-based loans and profit splits. Discover the concept of 'subject to' in real estate transactions, taking over existing loans for quick advantages.
14:08
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Quick takeaways
- Leveraging private money for real estate deals can offer flexibility and growth opportunities.
- Subject to investing allows buyers to assume existing mortgages with advantages like lower-priced properties and quick closings.
Deep dives
Using Private Money for Real Estate Deals
One way to purchase properties without using your own money is by obtaining private money from friends or family. This involves structuring a deal with them, offering either interest-only payments or profit splits. For instance, if you find a property for $300,000 and estimate it will sell for over $400,000 with renovations, you can seek a private lender to fund the deal.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode