Ep 086 Pt.1 Earning Massive Interest Selling On Contracts- Interview With Mike Cowper

On this Episode we interview our fellow listener and investor Mike Cowper. Mike bought his first rental 5 years ago. Since then he has owned 15 rentals, was a partner on a 40 unit apartment building, and has wholesaled hundreds of homes. Mike became interested in creative financing because he got tired of being a Landlord especially because of the rise of property taxes and insurance costs, and the market just got more competitive for wholesaling houses.

Mike wanted to earn passive income without being a Landlord so he recently started taking his rentals and selling them on Land Contracts, (Contract For Deed), and has proven he can make residual income, not be a Landlord, and make huge profits in the form of interest and the arbitrage of marking up the purchase price to his Buyers. Now he can get a down payment, not a deposit, amortize the loan over 30yrs and earn interest (11%) over that period. He does not transfer title until the purchase price is paid in full and he no longer has the burden of being a Landlord. Listen closely to the specific details on how Mike does this, AND as a bonus Jeff walks Mike through an alternate way of creating terms on a lead that Mike already made an offer on. This is GOLD because Jeff shows how Mike can make more money by just adjusting the structure of the offer! Enjoy!!!

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