What do you think of when you hear the term creative financing? If you’re a new investor, you might feel a sense of hesitation or fear. But the world of creative financing is not as scary as it seems, and it can yield incredible results for your portfolio.
Today’s guest, Jesse Fragale, is here to share multiple ways you can access creative financing. Jesse is a fellow podcaster and real estate investor who shares simple, straightforward, and effective strategies for building wealth via real estate. On this episode of Investing in Real Estate, Jesse is covering seller financing, hard money loans, private lending, and more!
On this episode you’ll learn:
- The first psychological barrier that holds new investors back.
- Why seller financing is so powerful for both parties.
- How to make connections in real estate so you can find capital.
- And much more!
The First Psychological Barrier That Holds New Investors Back
The first hurdle that new investors face is that they believe they need money to make a deal happen. The reality is, the biggest challenge is not finding capital—it’s finding a deal. Once you have a great deal lined up, financing options become more apparent.
Why Seller Financing Is So Powerful for Both Parties
Seller financing can be a smart way to get started in real estate. In this scenario, the seller allows you to make payments directly to them instead of a bank. You might wonder why any seller would consider this option, but the benefits are many! A seller might consider offering seller financing if they need to get a deal completed, if they want to defer capital gains taxes, or if they don’t need a large chunk of money all at once. It never hurts to ask a seller if they’d consider financing a deal. In fact, they may need educated on its benefits. The beauty of seller financing is that it allows both parties to benefit. Together you can determine terms, interest rates, payoff schedules, and more.
How to Make Connections in Real Estate So You Can Find Capital
The best way to make connections in real estate is to attend meetups. It’s critical that you put yourself out there and make your goals known. If there are no meetups in your area, start one! This allows you to create connections and become an expert.
Episode Resources
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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