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April 19, 2021 @ 3:00 am

Ep 154 How To Modify Offers When A Seller Counters

8 plex, super clean, townhome style, rent for 5200/month. Asking 650. Should rent for 850/month. Seller manages. No longer wants to deal with daily ops.

Made 4 offers around 650K range at 10% down

Original Offer was 640 pp 75K down 3.85% $2,648 pmt for 60 months. 

Seller countered at 3K/month at 5%. 

Amortized offer 645K pp 75K down at 4.15% for 5yrs. 

Blended principal/interest offer- 670K pp, 70K down, 1st yrs principle only. Then blended interest 4.15% for the next 2 years. Then 4.5% for the last 2years. Seller Net 764850 over 5yrs.

Hybrid interest offer 680K pp 60K down 2.95 pmt 2700/m 60 months. 

Subordination 770K pp 100K down bal 670K. 2000/month principle only for 60 months. 1st note 500/month. 2nd note 2000/month in principle only. 

Write in a release of lien clause to be able to sell townhomes separately, with equalization payment.

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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April 12, 2021 @ 3:00 am

Ep 153 Financial Calculator Review, A Must Know

On this episode we review the basics of using a financial calculator, the 5 functions and why it's so important when using creative financing. This is a must have skill in the world of creative financing to create notes, determine monthly payments, and balloon payments. 

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April 5, 2021 @ 3:00 am

Ep 152 pt.2 Case Study How To Make A Marginal Deal A Phenomenal One

What would you do to make this deal work? Listen close to the key strategy that takes this deal from marginal one to a phenomenal one. This deal was posted in our Facebook group, so lets us know what your offer(s) are there... Here are the numbers. 

ARV 235K, wants 200K, Owes 31K, 350/month PITI, rents 1250/1350 month. Wants 10K up front to carry terms. $2100 in taxes/yr. Here are some offers we talk about on this episode.

Offer 1 

Short term finance 170 pp 20K down for 6months- 

150K cash close in 7 days

Seller finance to owner occ. 200 K pp 3% for 6years 

Seller subordination 180K 51K down 129K 3% 6years 111,560 owed at . First note 340 + 543 

180K  5% 

Jeff Offers

145K cash 

155 K short term 20K down 1000/month principle only for 6 months

175K 50K down subordination. 500 principle only for 5yrs.

Seller countered at 180K 60K down, 500 principle only for 66months= 87K balloon. Sell to owner Occ for 220K 25K down finance 200K at 6% for 5 years= 78K 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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March 29, 2021 @ 3:00 am

Ep 151 pt.1 Case Study, How To Make A Marginal Deal A Phenomenal One!

What would you do to make this deal work? Listen close to the key strategy that takes this deal from marginal one to a phenomenal one. This deal was posted in our Facebook group, so lets us know what your offer(s) are there... Here are the numbers. 

ARV 235K, wants 200K, Owes 31K, 350/month PITI, rents 1250/1350 month. Wants 10K up front to carry terms. $2100 in taxes/yr. Here are some offers we talk about on this episode.

Offer 1 

Short term finance 170 pp 20K down for 6months- 

150K cash close in 7 days

Seller finance to owner occ. 200 K pp 3% for 6years 

Seller subordination 180K 51K down 129K 3% 6years 111,560 owed at .

 

Jeff Offers

145K cash 

155 K short term 20K down 1000/month principle only for 6 months

175K 50K down subordination. 500 principle only for 5yrs.

Seller countered at 180K 60K down, 500 principle only for 66months= 87K balloon. Sell to owner Occ for 220K 25K down finance 200K at 6% for 5 years= 78K 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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March 22, 2021 @ 3:00 am

Ep 150 How To Quickly Recognize A Deal…. Or Not

We talk about a specific deal and go over the details…. Follow along and try to gains the lessons of key pieces of information needed and how to determine your exit strategy. Here ar the details- $175 ARV, owes $90K, $950PITI/month, rents for $1250/month. Could rent for &1400/month. Could offer 20K or 15K down, offer to pay $100/month more than payment. High payment, little cash flow, equity is significant. What would you do?

 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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March 15, 2021 @ 3:00 am

Ep 149 Pt. 6 Pop Quiz On Deal Structuring

In this series we continue the Pop Quiz from Jeff and turn the focus to deal structuring. We apply creative financing principles to deal structuring using real life examples. We cover the following:

Determine your buyer- Who are my Buyers: Flippers, Landlord, Owner Occ, Retail Buyer (on Market)

High purchase price,  Down payment, monthly payment, Low equity- Owner Occupant.

Owner occ- term to be 3yrs minimum. 

Get in light- 5-7%. Not  a hard number. We need 30days to find a buyer.

What would be a good monthly payment for a property, affordably. Would it make sense as a rental? Median price range of rents. 

What's enough equity to have to make it a deal work- price is the least important criteria when using creative financing, down payment and monthly payment are the most important.

How much can you raise the price when selling on terms? Within reason. Does the condition justify the price?  10-20K above market value

How to determine length of term- depends on your exit strategy and who your end-buyer is. Also how long of a term works for the Seller, and what is their goal with the proceeds. 

How much can you offer when selling to a Landlord

What's too much for repairs? Depends on down payment and who's your buyer. But cash on cash returns for a landlord needs to be 12% min. That's the all in cash required for down payment, repairs, closing etc. Equation equals cash flow x 12 divide all in cash = cash on cash return. Return needs to be a minimum of 12%. Unless, however, the landlord can do a cash out refinance after repairs and stabilizing, therefore lowering the out of pocket cash requirement. 

How much of a ARV discount should we try to get from a landlord? Look for value add, or equity. Cash on Cash return. Also, least important is cap rate. 

When do we shorten the amortization schedule? To make a payment work in our favor. More so for principal paydown. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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March 9, 2021 @ 8:43 pm

Ep 148 Pt.5 Pop Quiz On Deal Structuring

In this series we continue the Pop Quiz from Jeff and turn the focus to deal structuring. We apply creative financing principles to deal structuring using real life examples. We cover the following:

Determine your buyer- Who are my Buyers: Flippers, Landlord, Owner Occ, Retail Buyer (on Market)

High purchase price,  Down payment, monthly payment, Low equity- Owner Occupant.

Owner occ- term to be 3yrs minimum. 

Get in light- 5-7%. Not  a hard number. We need 30days to find a buyer.

What would be a good monthly payment for a property, affordably. Would it make sense as a rental? Median price range of rents. 

What's enough equity to have to make it a deal work- price is the least important criteria when using creative financing, down payment and monthly payment are the most important.

How much can you raise the price when selling on terms? Within reason. Does the condition justify the price?  10-20K above market value

How to determine length of term- depends on your exit strategy and who your end-buyer is. Also how long of a term works for the Seller, and what is their goal with the proceeds. 

How much can you offer when selling to a Landlord

What's too much for repairs? Depends on down payment and who's your buyer. But cash on cash returns for a landlord needs to be 12% min. That's the all in cash required for down payment, repairs, closing etc. Equation equals cash flow x 12 divide all in cash = cash on cash return. Return needs to be a minimum of 12%. Unless, however, the landlord can do a cash out refinance after repairs and stabilizing, therefore lowering the out of pocket cash requirement. 

How much of a ARV discount should we try to get from a landlord? Look for value add, or equity. Cash on Cash return. Also, least important is cap rate. 

When do we shorten the amortization schedule? To make a payment work in our favor. More so for principal paydown. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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March 1, 2021 @ 3:00 am

Ep 147 Pt.4 Pop Quiz On Deal Structuring

In this series we continue the Pop Quiz from Jeff and turn the focus to deal structuring. We apply creative financing principles to deal structuring using real life examples. We cover the following:

Determine your buyer- Who are my Buyers: Flippers, Landlord, Owner Occ, Retail Buyer (on Market)

High purchase price,  Down payment, monthly payment, Low equity- Owner Occupant.

Owner occ- term to be 3yrs minimum. 

Get in light- 5-7%. Not  a hard number. We need 30days to find a buyer.

What would be a good monthly payment for a property, affordably. Would it make sense as a rental? Median price range of rents. 

What's enough equity to have to make it a deal work- price is the least important criteria when using creative financing, down payment and monthly payment are the most important.

How much can you raise the price when selling on terms? Within reason. Does the condition justify the price?  10-20K above market value

How to determine length of term- depends on your exit strategy and who your end-buyer is. Also how long of a term works for the Seller, and what is their goal with the proceeds. 

How much can you offer when selling to a Landlord

What's too much for repairs? Depends on down payment and who's your buyer. But cash on cash returns for a landlord needs to be 12% min. That's the all in cash required for down payment, repairs, closing etc. Equation equals cash flow x 12 divide all in cash = cash on cash return. Return needs to be a minimum of 12%. Unless, however, the landlord can do a cash out refinance after repairs and stabilizing, therefore lowering the out of pocket cash requirement. 

How much of a ARV discount should we try to get from a landlord? Look for value add, or equity. Cash on Cash return. Also, least important is cap rate. 

When do we shorten the amortization schedule? To make a payment work in our favor. More so for principal paydown. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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February 22, 2021 @ 1:45 pm

Ep 146 Pt.3 Pop Quiz On Deal Structuring

In this series we continue the Pop Quiz from Jeff and turn the focus to deal structuring. We apply creative financing principles to deal structuring using real life examples. We cover the following:

Determine your buyer- Who are my Buyers: Flippers, Landlord, Owner Occ, Retail Buyer (on Market)

High purchase price,  Down payment, monthly payment, Low equity- Owner Occupant.

Owner occ- term to be 3yrs minimum. 

Get in light- 5-7%. Not  a hard number. We need 30days to find a buyer.

What would be a good monthly payment for a property, affordably. Would it make sense as a rental? Median price range of rents. 

What's enough equity to have to make it a deal work- price is the least important criteria when using creative financing, down payment and monthly payment are the most important.

How much can you raise the price when selling on terms? Within reason. Does the condition justify the price?  10-20K above market value

How to determine length of term- depends on your exit strategy and who your end-buyer is. Also how long of a term works for the Seller, and what is their goal with the proceeds. 

How much can you offer when selling to a Landlord

What's too much for repairs? Depends on down payment and who's your buyer. But cash on cash returns for a landlord needs to be 12% min. That's the all in cash required for down payment, repairs, closing etc. Equation equals cash flow x 12 divide all in cash = cash on cash return. Return needs to be a minimum of 12%. Unless, however, the landlord can do a cash out refinance after repairs and stabilizing, therefore lowering the out of pocket cash requirement. 

How much of a ARV discount should we try to get from a landlord? Look for value add, or equity. Cash on Cash return. Also, least important is cap rate. 

When do we shorten the amortization schedule? To make a payment work in our favor. More so for principal paydown. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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February 15, 2021 @ 3:00 am

Ep 145 Pt.2 Pop Quiz On Deal Structuring

In this series we continue the Pop Quiz from Jeff and turn the focus to deal structuring. We apply creative financing principles to deal structuring using real life examples. We cover the following:

Determine your buyer- Who are my Buyers: Flippers, Landlord, Owner Occ, Retail Buyer (on Market)

High purchase price,  Down payment, monthly payment, Low equity- Owner Occupant.

Owner occ- term to be 3yrs minimum. 

Get in light- 5-7%. Not  a hard number. We need 30days to find a buyer.

What would be a good monthly payment for a property, affordably. Would it make sense as a rental? Median price range of rents. 

What's enough equity to have to make it a deal work- price is the least important criteria when using creative financing, down payment and monthly payment are the most important.

How much can you raise the price when selling on terms? Within reason. Does the condition justify the price?  10-20K above market value

How to determine length of term- depends on your exit strategy and who your end-buyer is. Also how long of a term works for the Seller, and what is their goal with the proceeds. 

How much can you offer when selling to a Landlord

What's too much for repairs? Depends on down payment and who's your buyer. But cash on cash returns for a landlord needs to be 12% min. That's the all in cash required for down payment, repairs, closing etc. Equation equals cash flow x 12 divide all in cash = cash on cash return. Return needs to be a minimum of 12%. Unless, however, the landlord can do a cash out refinance after repairs and stabilizing, therefore lowering the out of pocket cash requirement. 

How much of a ARV discount should we try to get from a landlord? Look for value add, or equity. Cash on Cash return. Also, least important is cap rate. 

When do we shorten the amortization schedule? To make a payment work in our favor. More so for principal paydown. 

Hope you enjoy, And to get special access to a step by step video on how to structure creative financing offers, text CFP to our hotline at 877-409-8090 or click HERE.

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