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794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know

794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know

FromBiggerPockets Real Estate Podcast


794: Buying Houses with $100 Down and Creative Finance Secrets Most Don't Know

FromBiggerPockets Real Estate Podcast

ratings:
Length:
65 minutes
Released:
Jul 20, 2023
Format:
Podcast episode

Description

Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it. 
Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance.
Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster. 
In This Episode We Cover:
The EASIEST way to get dozens of off-market properties sent to you EVERY DAY
The best creative financing strategies and when to use each
Wrap mortgages explained and taking advantage of someone else’s low mortgage rate 
Time freedom and the “golden handcuffs” that stop you from accomplishing your dreams
The one thing you should ask EVERY seller before you buy a property 
Investing with a spouse and the benefits of building a business together
And So Much More!
Links from the Show
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David's BiggerPockets Profile
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David’s YouTube Channel
Work with David
Rob's BiggerPockets Profile
Rob's Instagram
Rob's TikTok
Rob's Twitter
Rob's YouTube
Hear Our Recent Episode with Creative Finance Master, Pace Morby
What Is Creative Financing And How To Use It In Real Estate
Connect with Jenn & Joe:
Jenn's BiggerPockets Profile
Jenn Instagram
Joe Instagram
Jenn & Joe's Facebook Group
Jenn & Joe's YouTube

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-794
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Released:
Jul 20, 2023
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.