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Updated 9 days ago, 12/24/2024
Creative Financing & Seller Financing?
Hello everyone,
I have a quick question for those who have experience with creative finance and seller finance in the same deals. Would any of you be willing to connect with me, so I could ask you a few questions and perhaps take you to lunch? Your insights would be greatly appreciated.
Thank you!
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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- Austin, TX
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#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
What are your questions? I’ve done many creative finance deals.
Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.
Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.
Quote from @Eliott Elias:
What are your questions? I’ve done many creative finance deals.
Thank you for your response, I truly value your time and expertise. As someone relatively young, obtaining a conventional loan has proven challenging for me. In light of this, I have been exploring the possibility of pursuing creative finance options, specifically seller finance deals, as a potential means to achieve my goals. However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.
I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals. Perhaps there is a relevant book or podcast that you could suggest to expand my knowledge in this area.
Considering you're experience with creative finance deals, which you mentioned previously, I am keen to hear about your personal insights and experiences. Would you be willing to share how this approach has worked for you? Additionally, as a new investor, I am curious if you would recommend this strategy based on your accumulated knowledge and expertise. If you were to reflect on your past experiences and envision yourself at my age, would you still consider pursuing this strategy?
Thank you for your time and consideration.
Quote from @Oladimeji Sonibare:
Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.
Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.
Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?
Quote from @Sam Chicquen:
Quote from @Oladimeji Sonibare:
Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.
Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.
Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?
Absolutely, man. There are tons of resources. BiggerPockets just released a book written by a man named Pace Morby. He has a free YouTube channel and a Facebook group as well. Just start with taking the content in and then team up with someone actively doing these deals. Spend the first few deals just listening and asking questions. You’ll pick it up in no time.
Quote from @Oladimeji Sonibare:
Quote from @Sam Chicquen:
Quote from @Oladimeji Sonibare:
Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.
Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.
Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?
Absolutely, man. There are tons of resources. BiggerPockets just released a book written by a man named Pace Morby. He has a free YouTube channel and a Facebook group as well. Just start with taking the content in and then team up with someone actively doing these deals. Spend the first few deals just listening and asking questions. You’ll pick it up in no time.
Thank you so much for the valuable information! I'll definitely look into the book by Pace Morby and check out his YouTube channel and Facebook group. Taking in the content sounds like a great starting point, and teaming up with someone experienced in these deals is a fantastic idea. I'll make sure to spend the initial deals learning and asking questions to gain practical insights. Your advice is truly appreciated, and I'm excited to dive into this journey!
Do you know of any websites or platforms where I could go to analyze and practice seller finance and creative finance deals? Something like practicing math homework at home, but with a focus on real estate instead.
Quote from @Sam Chicquen:
Quote from @Oladimeji Sonibare:
Quote from @Sam Chicquen:
Quote from @Oladimeji Sonibare:
Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.
Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.
Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?
Absolutely, man. There are tons of resources. BiggerPockets just released a book written by a man named Pace Morby. He has a free YouTube channel and a Facebook group as well. Just start with taking the content in and then team up with someone actively doing these deals. Spend the first few deals just listening and asking questions. You’ll pick it up in no time.
Thank you so much for the valuable information! I'll definitely look into the book by Pace Morby and check out his YouTube channel and Facebook group. Taking in the content sounds like a great starting point, and teaming up with someone experienced in these deals is a fantastic idea. I'll make sure to spend the initial deals learning and asking questions to gain practical insights. Your advice is truly appreciated, and I'm excited to dive into this journey!
Do you know of any websites or platforms where I could go to analyze and practice seller finance and creative finance deals? Something like practicing math homework at home, but with a focus on real estate instead.
My pleasure, man. The same Facebook group will help. Make friends and ask people to sit in on their deals. People in the group have regular calls with sellers that you could potentially listen in on. There are also Zoom calls where people practice their underwriting live. You'll see the value in it when you get there, I promise.
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
- 5,547
- Votes |
- 9,861
- Posts
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
Quote from @Sam Chicquen:
Quote from @Eliott Elias:
What are your questions? I’ve done many creative finance deals.
Thank you for your response, I truly value your time and expertise. As someone relatively young, obtaining a conventional loan has proven challenging for me. In light of this, I have been exploring the possibility of pursuing creative finance options, specifically seller finance deals, as a potential means to achieve my goals. However, I find myself uncertain about how to structure such deals and whether I could successfully secure them.
I was wondering if you could offer any recommendations for educational resources that might help me better understand and navigate the intricacies of creative finance and seller finance deals. Perhaps there is a relevant book or podcast that you could suggest to expand my knowledge in this area.
Considering you're experience with creative finance deals, which you mentioned previously, I am keen to hear about your personal insights and experiences. Would you be willing to share how this approach has worked for you? Additionally, as a new investor, I am curious if you would recommend this strategy based on your accumulated knowledge and expertise. If you were to reflect on your past experiences and envision yourself at my age, would you still consider pursuing this strategy?
Thank you for your time and consideration.
Shoot me a DM.
Quote from @Oladimeji Sonibare:
Quote from @Sam Chicquen:
Quote from @Oladimeji Sonibare:
Quote from @Sam Chicquen:
Quote from @Oladimeji Sonibare:
Hey, @Sam Chicquen! I'm also well-versed in creative finance. We just got a deal under contract subject to the existing financing. I've got to say, learning creative financing has been super empowering and I'm happy to pass it on.
Happy to connect with you as well, @Eliott Elias! We're always looking for active wholesalers and investors to work with.
Thats amazing, good for you and your team! I love hearing people succeed! Like I mentioned to Eliott, I'm very young and I can't get a loan. I was thinking if I can do creative finance with seller finance deals this may be a way to help me get where I want to be. But I'm not sure how I would structure these deals or if I could even get these deals! Is there any form of education you could recommend? Possibly a book or a podcast. I understand you've done creative finance in the past, like you mentioned, how was this experience for you? Would you recommend this strategy to a new investor like myself? Based on the knowledge and experience you have, would you consider this strategy if you had to go back at my age?
Absolutely, man. There are tons of resources. BiggerPockets just released a book written by a man named Pace Morby. He has a free YouTube channel and a Facebook group as well. Just start with taking the content in and then team up with someone actively doing these deals. Spend the first few deals just listening and asking questions. You’ll pick it up in no time.
Thank you so much for the valuable information! I'll definitely look into the book by Pace Morby and check out his YouTube channel and Facebook group. Taking in the content sounds like a great starting point, and teaming up with someone experienced in these deals is a fantastic idea. I'll make sure to spend the initial deals learning and asking questions to gain practical insights. Your advice is truly appreciated, and I'm excited to dive into this journey!
Do you know of any websites or platforms where I could go to analyze and practice seller finance and creative finance deals? Something like practicing math homework at home, but with a focus on real estate instead.
My pleasure, man. The same Facebook group will help. Make friends and ask people to sit in on their deals. People in the group have regular calls with sellers that you could potentially listen in on. There are also Zoom calls where people practice their underwriting live. You'll see the value in it when you get there, I promise.
Hello Sam,
I am new to creative finance as well I have been listening to the Creative Finance Playbook Podcast with Joe and Jen. How has it been going so far?
Hey Olivia, it's been good! I'm at a stage where I really just want to get involved and start buying properties. Have you heard of Pace Morby? If not, you should look him up on YT. He also just released a book called Wealth without cash.
Yes Pace Morby is great on educating about creative deal structuring. I was at host con and he was one of the speakers. He was so inspiring. I am taking action everyday and hope to close on a deal soon.
Creative financing can help sellers make more money, solve pain points, gets them the money they need, and help them avoid a high tax bill.