Stop Worrying About What The Fed Does (Use This Strategy for The Rest of 2024)
Today, I want to share a reminder about the type of real estate investing you should focus on in 2024.
With rising interest rates, discussions on YouTube and the internet are buzzing.
But honestly, does it really matter what the Fed is doing?
For hundreds of years, creative finance has been the cornerstone of real estate strategies, and it remains so.
Why Creative Finance?
It's simply the best strategy for buying real estate and create win/wins for everyone involved.
This past week, our team closed on a $1M of properties using subject-to.
And that's not all. We also do seller finance, lease options, wraps, novation agreements, and all sorts of other creative strategies.
The Power of Collaboration
Real estate is the ultimate collaborative sport.
You've got wholesalers, bird dogs, private money lenders, transaction coordinators, agents, buyers, contractors – everyone working together.
The more people who know how to do this, the more sellers we can help. Collaboration is key.
Here's a quick story:
Deadra, a seller, found me on Instagram. She needed help because all offers were below the mortgage balance. She was about to lose her home to foreclosure. We paid off her arrears and took over her 3.67% Mortgage.
Just one of many stories creative finance helps eveyone.
Finding SubTo Deals
So, how do you get subject-to deals in 2024? Here are a few ways:
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Lists to Focus On
If you want to lock up contracts and wholesale them, focus on these lists:
Every day, 15,000 new expired listings pop up. People say we have an inventory problem, but that's not true. We have an affordability problem because of high interest rates.
The Only Strategies to Focus On
For the remainder of 2024 focus on subject-to and seller finance deals. Here's an example: I bought a house in Louisville with only $10K down, no credit check, and no bank involved. The seller sold it to me on 0% seller finance.
Don't believe me? 1858 Brownsboro Rd, Louisville, KY is the house.
Your Next Steps
If you're ready to dive into creative finance transactions, start with these resources.
Why go through a bank when you can find deals on sites like Zillow (over 30 Days), LandWatch, and Privy.com?
Creative Finance is the strategy for 2024.
If you have questions, leave them in the comments below.
There's no such thing as competition, only collaboration.
Talk soon,
Tim
I solve the problem of finding trusted real estate professionals by connecting you to my network of vetted experts—saving you time, stress, and getting deals done efficiently.
7 个月Congratulations and thank you for providing great value!