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2018-11-04 Is Creative Financing the Solution You’ve Been Looking For? | By: Fellow GDREIA Members

Is Creative Financing the Solution You’ve Been Looking For?
by By Whitney Nicely

When I first got started in real estate I kind of had no idea what I was doing.  I jumped in whole honcho, spent every dime of my life savings, was even able to get my brother to give me his too, bought houses, made sales, and went flat broke.  It took that hard knock for me to realize that there had to be another way of doing real estate.  I needed a method that let me keep my money (and let my brother keep his…), and did not require for me to take out a mortgage.  Enter creative financing….

It was not too long after I hit the wall that a fellow investor took my under his wing.  He invited me to come to one of his seminars, which was a real stretch for me with the $75 price tag, but I went anyway.  It was there that my eyes were opened.  I started learning about all sorts of ways to finance properties that I had never heard before: lease options, seller financing, private money lenders, wholesaling, and on the list goes.  I had no idea that this whole other world even existed!  Maybe you are in a similar situation.  If so, there are three great options to check out to get you started.

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