Creative financing education Philadelphia

[Account Closed]

I curious as to if there are any seminars on creative financing in the Philadelphia area. I'm looking to also meet investors experienced in creative financing, or even the lenders themselves. I'm basically just trying to learn the ins and outs. If anyone has any information on anything related to creative financing in the Philadelphia are that would be much appreciated.

[Brian Gibbons]

Like @Troy Sheets  Said

Creative financing has to do with nontraditional financing

When buying, what else can you do besides getting a bank loan?

Well you have to look at the whole situation, how much equity is there, what's the condition , how open-minded is the seller, what is the local customs as to what's possible, because what you can do in Texas is different than what you can do in North Carolina which is what you can do in Virginia.

The broad concept is Cash or Terms? 

Agents are poorly trained in terms deals, in general, there are exceptions. If you think an agent is going to present a terms offer to the seller, you are sadly mistaken.

For creative deals to be successful you need to talk to the seller in person, and ask some good questions, like if you don't sell for cash with an agent, what are your options?

To get the seller to think about subject to the existing financing, or wrapped around mortgage,or a lease option which are creative solutions, you need to be a good negotiator talking with the seller.

Study here on bigger pockets about subject to existing financing, wraparound mortgages, lease options, installment sales, joint ventures, private lending, these issues all creative financing.