In The Long Run, Education Is Better Than Money” – Robert Kyosaki
Don’t Wait to Buy Real Estate. Buy Real Estate and Wait” -Will Rodgers
In this episode we discuss 5 Ways to Structure Your Next Real Estate Deal.
Entering into the world of creative real estate allows you to design a whole new structure to your real estate business that doesn’t formally fit into “arms-length” foundations. By understanding the legal possibilities, being able to hear a sellers real needs and by knowing how to convey a win win scenario, these real estate techniques will be brand new drawers in your tool box that may tend to get used more than the other oh-so-easy-we-pay-cash-in-three-days strategy.
These 5 Strategies will open up your thinking into wealth creation, controllable financing, movable collateral and when properly positioned, allow you to strategically create your own, long term, low interest revolving bank.
What You Will Learn In This Episode:
-Why Cash Is The Lazy Mans Way To Riches
-How To Solve Deeper Needs of Sellers Who Have Built Their Lifestyle On Cashflow
-How To Position Yourself To Buy More Property On Owner Finance Terms
-How Owner Financing Allows You to Profit While Minimizing or Eliminating Risk
-How To Buy Property On Great Terms and Build Wealth
-How To Buy Property On Great Terms, Flip It and Keep The Financing
-How To Buy Property On Great Terms and Sell It For Profit and Interest Margin
-The Single Most POWERFUL Strategy for Controlling Properties and How To Profit WILDLY for As Little As $1
Quotes to Live By:
TWEET THIS
Show Notes.
0.25: Understanding that cash is the lazy mans most understood way to riches.
1.20: Why you feel you need cash to buy real estate
2.02: Process of buying cash
2.33: SSDA (Same Stuff Different Address)
3.23: How savvy income earners don’t need more cash
5.07: How real estate empires are being made without cash
7.20: Owner financing the property on a long term hold to keep it as a rental property
8.05: Negotiating great price/terms with the owner
9.20: Structuring long term income and wealth creation
10.25: Giving the seller promissory note / mortgage
10.30: Structuring the deal to pay them some form of interest only or more payment or amortized payment over a duration of time
10.45: Why you do interest or more type of deal
11.10: Why doyou should pay ‘interest only’ the 1st year
15.50: Having an exit strategy on owner financing.
17.16: Owner financing the property with the intent of selling it.(A bank of Us deal)
17.28: Terms on this fall into two categories – your price, my terms or your terms, my price
18.26: Structuring and controlling the financing
19.00: The seller holds the promissory note as well as the mortgage
20.00: The real opportunity you get after you sell the property
24.22: How this method ends up saving you money over time.
25.43: Always try and trade your lenders up
26.11: Owner finance with the intent of selling it on a wrap note
26.33: Again negotiate great terms
26.39: How the whole deal is structured to create passive growth and income
28.00: Becoming an asset manager
28.14: Step by step explanation on how you structure the deal
28.20: The seller holds the note and first position mortgage
29.04: You sell the property at a higher cost and pocket the margin
29.27: The breakdown in numbers for this
33.08: The option Agreement
34.00: Why your option page should be 2- 5 page long outlining all the details you can use
35.00: The Strategy demystified
36.40: An option allows you to control without obligation
37.07: Its up to you to Exercise your option at any point
37.55: The great thing for using the option agreement in a climbing market
42.28: Use it with your own code of ethics and understand guidelines
43.16: Understand your strategy while going through every single one of this real estate opportunities
43.52: Quote – You want to own nothing and control everything
44.00: Personal experience – How I made 10 times more profit on deals I had 0 risk
44.12: Example outline
45.25: Get educated and understand what strategy to use
45.47: Action steps – Develop a cash reserve and then focus on developing your wealth strategy
45.59: Building wealth is a slow game
46.19: Where you can get educated and get a deeper understanding of this
46.43: Make cash your last option
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