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Welcome back, everyone! In today's video, I'm diving deep into the strategies I use to pay off private money lenders on the creative real estate deals I buy. Over the past few years, I've been sharing my journey of purchasing properties using subject-to and seller financing, often with zero money out of pocket.
Many of you have asked how I manage to pay back the funds borrowed from private money lenders, especially when dealing with substantial amounts. In this comprehensive breakdown, I walk you through three key methods:
1) Cash Flow: Utilizing the rental income generated by the property to gradually pay off the lender.
2) Refinancing: Exploring options to refinance the property, leveraging its equity to settle the debt.
3) Selling the Property: In cases where equity is high or refinancing isn't viable, selling the property to clear the debt and potentially pocket additional profits.
I provide real-life examples, including specific property details and lender names (with permission, of course), to illustrate each strategy's application. Whether you're a borrower seeking repayment solutions or a lender evaluating risk, understanding these methods is crucial for successful real estate transactions.
While these concepts may seem complex initially, I break them down into digestible segments, urging viewers to revisit the video if needed. Remember, my School Community offers a 90-minute Q&A session every week, where you can delve deeper into these topics and receive personalized guidance.
Join the Skool Community for free via the link in the description below to connect with me! Let's build that generational wealth together in 2024 and beyond! Don't forget to like, comment, and subscribe for more valuable content. Until next time, take care and keep grinding!
#RealEstateInvesting #FinancialFreedom #creativefinance
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