Specialist · I give advice - [email protected] - I focus on states where investing is profitable, reasonably safe & secure · Member since 2026 · 169 posts · 59 votes
After 30 years of investing in real estate and teaching others, I think I've seen it all or pretty close to it. Most people are ill-prepared to buy using Creative Finance because there is a lot of "hype" out there to sell memberships, rather than to actually teach.
You are wise to want to use a title company or attorney. Some skip this and suffer the consequences.
Some creative financing transfers title immediately and others don’t. There are reasons you need to know which do and which don’t
Always keep reserve money for backup
There are ways to buy properties saving the expenses of real estate agents and bank fees on loans
Different techniques require different paperwork, don’t assume the contract you download off the internet is the right one for your purposes
Don’t make the mistake of believing it is zero down. There are a lot of expenses and you want to avoid getting into the mistake of getting wrapped up in a legal entanglement because you ran out of money.
Investing is serious business. It isn’t simply “borrow all you need” (no such animal exists in the real world), you can’t be unduly unprepared in buying properties, it will bite you.
Whether you are new, looking for lenders or cash or real estate & considering Fix & Flip, BRRRR, STR, MTR, or rentals, you can use creative financing for buying each, you just need to know the nuances
not sure if Ken or John posted this. but there was a group of investors in FLA who used the sub to methods ripped rents and left owners really screwed up ( which is very common with the under capitalized sub to buyer and the state stepped in with Criminal charges I believe.. Once the bad guys understand how easy it is to totally screw the sellers and walk with lots of rent money with no personal liability on the underlying loan well you can imagine.. you have crooks who do it on purpose then you have the folks with not nearly enough reserves that get into this trouble because of lack of capital after the purchase.