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Driving for Dollars Mastery


Sep 26, 2024

In this episode, we tackle one of the trickiest real estate situations: how to rescue a deal on the verge of foreclosure using creative financing. You’ll hear a step-by-step breakdown of how to analyze a distressed property, diagnose the seller’s needs, and craft a solution using subject-to financing. Whether you’re new to creative deals or looking to add another tool to your real estate toolbox, this episode will give you the insights you need to navigate complex situations and still make a profit. Get ready for an in-depth, real-world lesson on problem-solving in real estate investing.

Key Takeaways:

  • Ask the Right Questions: Like a doctor, dig deep into the seller’s situation before prescribing a solution.
  • Creative Financing: Subject-to deals can help sellers avoid foreclosure while offering opportunities for investors.
  • Understand the Numbers: Break down the loan, back payments, and repairs before making an offer.
  • Equity Isn’t Everything: Sometimes, a deal’s value lies in the loan’s interest rate, not the property’s equity.
  • Win-Win Solutions: Focus on solving problems for the seller to create opportunities for both sides.

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