How to Find Good Deals Using Creative Financing

[Ken M.]

The shortest, most profitable creative financing deal I've done in a while, is "As long as it took to get a Title Report", using "Subject To". (I simply "took over" his loan). I then sold the property and I had a $20,000 option fee cash and first and last of $1,500 at closing. 

So, I made $23,000 in a few days on a property I spent $100 on. (that $100 was to prove it was a bonified transaction).

Then, I had a monthly cash flow of $973. That's Per Month!! (After paying the mortgage, taxes and expenses)  (past results do not guarantee future expectations) Yes, I do teach how to do this.

It went so fast, I wasn't sure I had the right buyer. ;-) Strange, eh?

I usually take time to research the buyer, but he had the money and I have tightly written contracts, so it worked. He paid on time for a couple of years, so it cash flowed. Then he cashed me out. From the "cash out", I got another $25,000. 

The value of the property had gone up. so he had a great deal and I had a great deal. I wasn't greedy, we both stuck to the agreements and it went well. I was prepared to make the underlying payments if necessary, but he always paid on time, and I stayed in touch with the person I bought the property from, just in case something arose regarding the transaction. Nothing unusual happened and everybody was taken care of and very happy. Yep, you can do this, too.

It's important to know your numbers, but you must have have good sources and know a few tricks as well.

Creative Financing can work well if you follow the rules and know what you are doing.

Here's one creative finance deal I have done and the very positive results. This particular property was in AZ but CA, ID, GA, and TX are good markets too.

Don't confuse buying in good markets with limiting yourself to being from those markets. You can buy in those markets and be from there or in addition, be from places like WA, OR, OK and so on. You just need a little guidance.

https://www.biggerpockets.com/forums/48/topics/1262752-what-...
And here is what I warn people against
https://www.biggerpockets.com/forums/311/topics/1263873-what...
Experience and the training we do, are what separate the two.

Yes, I provide the receipts to show this works. If you want a copy just email me, [email protected] and I'll send you "How I did It", "Start to finish". it might help you find similar deals.