Creative deal making takes on many forms. Tonight, we discuss three.
- A mobile home park we bought from a bank and got owner financing FROM THE BANK!!!
- A beautiful $233,000 home we bought at the foreclosure auction for only $14, 298. (NOT A TYPO!!!)
- A Lonnie Deal where we paid more than double the retail value because we got owner financing. Monthly payments were only $100/month. Then we did a Second Bite of the Apple deal.
If these three ADVANCED creative structures cause you to scratch your head due to bewilderment, then you’re gonna LOVE this video.
IMPORTANT: If you were on this call live, you heard me wrongly say the lender in second position foreclosed in December 2007. I was WRONG. It was the first position lender who foreclosed. We bought the property at the foreclosure auction from the 1st position lender. I say that to say this: I redid the incorrect portion of this video to correct my error. You’ll find this correction on the time line at 21:40.
Feel free to like and comment.
Love y’all,
Bill Cook
Bill Cook
Editor
Bill and Kim Cook are a husband and wife real estate investing team.
Their core belief is that real estate investing is not about buying, selling or renting property. It’s about helping folks solve their real estate problems.
