Our guest in this episode of the Real Estate Jam Podcast is Edward Peugh of CLT Buyers. Tune in as we talk about creative financing. When the usual or traditional options are not available, real estate agents need to find creative ways to finance things for potential buyers. Learn all that you can with cash and creative financing so you can close more and do more to reach newer heights.
The points below are from the 39th episode of The Real Estate JAM, where we talked about cash and creative financing.
Tune in to the full episode on YouTube, Spotify, or Apple Podcasts.
Creative Financing
Did you know that there are ways to do deals that don’t involve credit and cash? With the volatility in the markets this coming year, relying on cash alone may not be the smartest move. Creative financing and private money would unlock a lot of possibilities and lead you to avenues you’ve never seen before!
Ethics of being a Realtor and Wholesaling
Getting into a tandem of realtor and wholesaling can be tricky but what you need to remember is that it only becomes a big deal when you make a big deal out of it. You also need to remember that before you get into this whole ethical debacle, you need to make sure that it’s going to make a substantial contribution to your business from a financial point of view.
Want to learn more? You can listen to the full episode on YouTube, Spotify, or Apple Podcasts.
Outline of the Episode:
- [00:48] Today’s guest is Edward Peugh of CLT Buyers. With the volatility in the markets this coming year, relying on cash alone may not be the smartest move.
- [02:57] What do you know about creative financing? Do you know that there are other options if traditional financing is unavailable or the buyer can’t be approved for a loan?
- [05:17] What if there was a way to do deals that don’t require cash or credit? Would you be open to it? Would you like to learn how to do creative financing structures?
- [07:11] The beauty of creative financing is the ability to get customers to pay any price as long as we meet them halfway when it comes to the terms. We can charge a property a million if we can meet the terms they are able to deal with.
- [09:10] So, how do you present the creative financing? There are two ways to go about it. Offer a low cash offer then go with creative financing options, or start with creative financing from the get-go.
- [15:51] Have you thought about listing with a real estate agent instead? These days, people are scared to let people in their homes and have people coming and going. Do you feel the same way?
- [19:37] How do you navigate the ethical rules of being a realtor and wholesaling? The reality is if you make it a big deal, it becomes a big deal. If you don’t make a fuss over it, no one else will make a fuss.
- [23:35] How would a new investor know when they’re ready to be a realtor and ready to do wholesaling? A key point is if it makes a substantial contribution to your business from a financial point of view, then you’re ready.
- [26:16] When it comes to creative financing, the two things that will completely unlock an investor’s business are learning creative financing strategies and talking to people to place privately.
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- Email: jd@shorefront-investments.comor info@shorefront-investments.com
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