CREATIVE FINANCING BASICS

[Andrea Johnson]

Hi everybody,

It has become very clear recently that in order to be successful, I need a whole toolbox of creative financing techniques to make win-win offers. I am familiar with the basics of subject to financing, lease options, and owner financing but I would like to learn more about them. I have read @Brandon Turner's book and it's a great primer. What are some other resources out there that teach you the nuances of these types of offers and financing techniques? Any books you have found useful? Online resources? Guru courses (plug your ears, @Brandon Turner!)?

Thank you in advance!

Andrea

[Jerry W.]

@Andrea Johnson, its not always having a creative deal offer it is sometimes knowing what the seller wants or needs.  Find out if they need a bunch of money quick or are looking for a steady income.  Do they have a set amount of money in mind they need?  Knowing their motivation will help you decide what creative financing deal works best for them.  If they just need to get rid of the payment then do a lease option, if they need $50K out of a $100K sale, then see if they will take a 2nd behind the bank.  If they just want to quit dealing with tenants maybe an owner finance of the whole property is best.  Play to your audience.