Bill Cook made a presentation for Advanta and Larissa Greene on August 21, 2024. We discussed how deals can be creatively constructed and funded in today’s changing real estate market.
Bill shows three creative structures he and Kim have done this year.
The first deal is a Pure Option deal Kim found in June. For $6,720, they bought an Option to buy a single-family home in Cartersville, Georgia with a fair market value of $265,000. Bill and Kim have the right to buy this property sometime within the next 30 years for only $72,000. What? Can you do this? How??
The second deal is a $400,000 loan Bill and Kim are making next week in Adairsville, Georgia. The borrower is paying 12% interest and 2 points. What makes it creative? Bill and Kim only have $30,000 to put into this deal. Find out how they’re working with two financial friends to make this wrapping deal possible.
The third deal is a $20,000 loan Bill and Kim are making on two lots in Cape Coral, Florida. The borrower is paying 15% and 5 points. Problem: Bill and Kim only have $10,000 to put into this loan. To make this deal work, they are turning to a financial friend who’s putting up the other $10,000, which comes from her self-directed Advanta retirement account.
There are so many ways creative real estate deals can be constructed. Come see three of these ways!
Bill and Kim Cook
