The Creative Financing Podcast
Business:Investing
On these episodes Jeff walks us through case studies on making creative financing offers on commercial properties, and really the key takeaway here is that you don't need all the information on a property up front to make offers. You always have time to discover and/or confirm income and expenses, lease agreements, rent rolls etc. so long as you give yourself an adequate inspection time frame. On commercial properties, especially listed ones, it is extremely difficult to find out what the Seller owes on a mortgage and what their terms are, so don't be afraid to make a creative financing offer if you don't know this information because if it doesn't work then the Seller will tell you or counter your offer. Always keep in mind that the same way you make creative offers on residential properties, you can make the same offers on commercial properties. And guess what? commercial owners are more open to carrying financing because of the amount of money banks require down. If you're already in the real estate game and you want to move up to the Major Leagues then commercial is where it's at!
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.
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