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Updated about 1 year ago,
Local Real Estate investors, lets connect!!
What up BP?!
I am currently trying to expand my network with local investors that have experience with creative financing. Heck, even if you aren't local but have experience, I would love to connect as well!
As interest rates continue to climb, I especially want to learn from investors that have had success with creative financing deals. I do see the market shifting towards creative financing because as rates continue to climb, finding deals that cash flow with traditional loans are now few and far between.
Personally, I see creative financing (especially seller financing) as the best way for both parties to win for at least the next year or two. Why do I say this? From my experience, rates are so high at the moment that the only way for a lot of these deals to pencil out is to low ball the seller in order for the numbers to work for the buyer. Seller financing allows for the seller to get market value for the property and the buyer to get better terms than they could at a bank. Win-Win. In terms of creative financing, It's not just seller financing, Subto has potential to be Win-Win as well.
I am a newer investor, but I do bring some experience to the table. I started investing a year ago and have since been able to acquire 4 properties. All of which have been out of state. Plenty of lessons learned on my end that are easily avoidable now that I look back at it. None of these properties were acquired with creative finance so that is why I am seeking investors with experience in that field.
I appreciate you taking the time to read this.
Cheers!