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Creating Positive Equity Through Creative Financing
Manage episode 341898833 series 3392084
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Are you stuck hustling away in a property market with high-interest rates and inflation, and you need some inspiration on how to spark your financing situation? In this episode, your boy Dana T Jones cops to the fact that the struggle is real and the best way to make money in property right now is by employing creative finance strategies.
Dana does it in threes again, coming up with three creative finance strategies to breathe new life into your hustle. From seller finance deals to novation agreements, Dana breaks it all down for you – reminding you that a slow market is no reason for you to slow down yourself.
Understanding real estate has never been more straightforward, thanks to Dana’s no-frills approach.
“It’s all about where you get in at on the property, so you know what your options are. And the more options you have in real estate, the better off you’ll be.” – Dana T Jones
In This Episode
- What is creative financing?
- Dana’s first creative financing deal with a friend
- How to offer terms so that you don’t have to lowball on the asking price.
- Seller finance when it’s free and clear versus when there’s a mortgage on the property.
- Understanding a novation agreement so you can renovate and still cash in your chips.
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