A four-step framework for creative real estate financing: set the purchase price, decide on a down payment (90% of deals use zero money down), choose a payment method (80% have 0% interest), and define the repayment timeline.
Do you want to know how to do your first creative financing real estate deal? Well, it's very simple. All you have to do is know these 4 terms in order to structure an amazing creative deal for both you and the seller. Number one is you got to determine the right price for the property. If you have a great price, then you're going to be able to structure a great deal. Secondly is you got to understand if there's going to be a down payment or not. It's about 90% of our deals require zero money down in order to get into these deals. Next is you're going to determine the monthly payment. Now that could be on a lease purchase agreement, just strictly rent, or on a seller financing deal that could include interest. It's about 80% of our deals require 0% interest. And then lastly is the timeframe in which the remaining balance of that money is due. If you want to learn how to start structuring 3 paydays with our creative financing deals, just comment the word 3 paydays and we'll ship you over our masterclass.
Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett
