Episode #794
Creative finance is a home-buying hack that most people don’t know about. If you know what it is and how to use it, you can pick up properties for only a hundred dollars, build your rental portfolio faster than ever, and reach financial freedom in mere years. And in 2023, when the housing market is still hot, and home prices have barely cooled off, creative finance could be the solution to no cash flow and overpriced deals. But before you creatively finance your next rental property, you’ll need to know which strategy to use and when to use it.
Jenn and Joe Delle Fave used creative finance to move from snowy Upstate New York to sunny Florida after escaping soul-crushing work. Jenn, a former teacher, loved her career, and the time she spent with her kids. But Joe was stuck at the car dealership, working late into the night, sacrificing family time to make more money. He knew he needed a way out but didn’t want to give up the financial security of a W2. Everything changed when he had the “light bulb” moment to try creative finance.
Now, Jenn and Joe have run a full-time investing business, picking up pristine properties using strategies like seller financing, subject to, or wrap mortgages. They’ve acquired properties for very little down in some of the most competitive neighborhoods in the country, growing wealth WITH the time freedom they desired. Jenn and Joe give invaluable advice on which strategies work for which seller, the easiest way to get leads sent to you, and how you build wealth with real estate faster.
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Join BiggerPockets for FREE Your Investing Knowledge With the BiggerPockets Books:
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Find Investor-Friendly Lenders: Our Recent Episode with Creative Finance Master, Pace Morby:
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What Is Creative Financing And How To Use It In Real
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Connect with Jenn and Joe:
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Jenn Instagram: @jenndellefave or
Joe Instagram: @josephdellefave or
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Show notes at:
00:00 Intro
03:58 Quick Tip
04:38 Live Where You Invest!
08:32 Invest Faster with "Wraps"
21:40 Finding Creative Finance
27:21 Working with Your Spouse
30:44 Escaping the "Golden Coffin"
39:20 Best Creative Financing Strategies
46:06 The EASIEST Way to Find Deals
59:04 Connect with Jenn and Joe!
Recommended Reading >> bit.ly/32kRpzw
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