How to Make Your First $300,000 this year in Subject To's & Lease Options | Real Estate Investing

TL;DR

Learn how to incorporate creative financing into your wholesaling business to generate an extra $300k per year passively.

Transcript

how to make 300k a year passively in creative financing guys it's rick in here with flip with rick and we are going to talk about creative financing and how to add it to your wholesaling game to make an extra 300k a year we're talking about creative financing so the rules to creative financing is you have to master wholesaling first wholesaling is ... Read More

Key Insights

• 😒 To successfully incorporate creative financing into wholesaling, it is important to prioritize wholesaling mastery and use existing marketing methods.
• 🤝 Creative financing can be found by identifying deals with little to no equity or sellers uninterested in cash offers.
• 😄 Three main creative financing strategies are lease options, subject-to deals, and owner financing, each catering to different types of properties and sellers.
• 🤝 Upfront payments, cash flow spreads, and the final sales price contribute to the profits in creative financing deals.

Questions & Answers

Q: What is the key to successfully incorporating creative financing into wholesaling?

The key is to first master wholesaling before attempting to add creative financing. Trying to learn creative financing first can lead to overpaying and unsuccessful deals.

Q: How can I find creative financing deals?

You can use your existing wholesaling marketing methods such as cold calling, SMS lists, and vacant lists to identify opportunities for creative financing. It may also happen by accident when you come across deals that don't work for wholesaling.

Q: How do I integrate creative financing into my wholesaling business?

Identify deals that have little to no equity or sellers who are not motivated to sell at a deep discount. Then, ask the seller if they are open to a creative solution and let them know that your cash offer didn't work. Opening the conversation can lead to creative financing opportunities.

Q: What are the three types of creative financing strategies mentioned in the content?

The three strategies are lease options, subject-to deals, and owner financing. Each strategy has its own benefits and target sellers, such as landlords tired of renting, pre-foreclosure properties, and properties with little to no equity.

Summary & Key Takeaways

• Creative financing can be added to your wholesaling game to generate passive income.

• Mastering wholesaling is essential before venturing into creative financing.

• Use your existing wholesaling marketing methods to find creative financing deals that traditional wholesaling cannot handle.