You Need To Use This Hack On Your Next Deal

Use this on your next deal. So before we learned about the Hommel hack from our man TK Obama, we did this tiered system to close the deal. Super low cash flow day one, so we needed low interest. Seller wanted a higher interest rate, so we built a tiered system. They wanted 6%, it only worked at 3%, so I said, okay, year 1, 3%, year 2, 4%, year 3, 5%. It goes fixed at 6% ongoing. Caleb had a deal that had renovations, he had no reserves, he had absolutely no money, and he needed to get rents up. He just asked for no payments. We call it the Hommel hack. It's so simple. When you're using these creative structures and you're doing creative finance, your structures need to super simple, really easy to explain. We're not doing anything complicated. It's just here, I'm gonna give you a lump sum down payment. I have some projects to do. So I need the payments to start in 6 months. Super easy. Hobble hack. Use it on your next deal.