EP 178: Part 2: How to Acquire Properties with $100 Down through Creative Financing with Jenn and Joe Delle Fave
Manage episode 467114550 series 2998280
In this second part of our conversation with Jenn and Joe, we take a deep dive into the risks and negotiation strategies involved in creative financing. They break down why non-recourse debt is a game-changer, how to mitigate risks when structuring deals, and the importance of vetting buyers to ensure financial security.
Jenn and Joe share real-life experiences, including strategies like lease options and structuring deals to minimize financial exposure. They also emphasize the importance of working with highly motivated sellers and how to craft win-win situations through smart negotiation tactics. Plus, they reveal the key mindset shift investors need when evaluating deals—focusing on terms rather than just price.
Key Takeaways:
02:15 - Understanding non-recourse debt and how it protects investors.
05:40 - Why lease options can reduce risk and provide financial security.
09:30 - The importance of vetting buyers to ensure timely mortgage payments.
14:20 - How to identify highly motivated sellers using a 1-10 scale.
18:45 - Negotiation tactics to secure deals with no money down and favorable terms.
24:10 - The cost vs. price mindset shift every investor should embrace.
Jenn and Joe also share insights from their own podcast, Creative Finance Playbook, where they break down deals and strategies to help investors navigate the world of real estate.
Connect with Jenn and Joe:
Email Address: hattie@creativefinanceplaybook.com
Website: www.creativefinanceplaybookcom
Facebook: https://www.facebook.com/CFPlaybook
Instagram: https://www.instagram.com/creativefinanceplaybook/
Connect with Corwyn:
Contact Number: 843-619-3005
Instagram: https://www.instagram.com/exitstrategiesradioshow/
Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA
Linkedin: https://www.linkedin.com/in/cmelette/
Shoutout to our Sponsor: ROBYN COLLINS
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