318: Rookie Reply: No Capital OR Credit? Get Deals Done with THIS Financing Tool
Don’t have the capital OR credit to invest? Seller financing is a powerful tool that could allow you to score multiple real estate deals without ever going through a bank. The best part? You can create your own terms! You just need to put together an effective pitch that wins the seller over. Today, we’ll show you how!
Welcome to another Rookie Reply! In addition to seller financing, Ashley and Tony cover several CRUCIAL real estate topics in this episode—from critical first steps to take before investing to closing costs—who pays for what? Does paying cash make a difference? Stick around to find out! Off the back of their new book, Real Estate Partnerships, they also tackle a couple of partnership-related questions—when it makes sense to get a partner and how to structure an agreement where both sides are compensated!
In This Episode We Cover:
How to invest in real estate without capital OR credit
How to effectively pitch seller financing (and KEY terms to include!)
Three critical first steps to take before buying real estate
Buyer and seller responsibilities when it comes to closing costs
Accounting for sweat equity when setting up a partnership
How to structure a partnership agreement where both sides are fairly compensated
And So Much More!
Links from the Show
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-318
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