Bill Ham is a multifamily investor and syndicator, entrepreneur, public speaker, and COO of Broadwell Property Group. He’s also the author of a new book, ‘Creative Cash’. He’s a repeat guest on the Wild West Real Estate Show, and is always bringing some fresh insights, especially now in a different economy and real estate market than his last appearance.
Bill and Mark sit down and discuss creative financing and how to close deals when traditional lending isn’t an option. Be sure to check out Bill’s new book, Creative Cash, where he gives step-by-step instructions on how to identify, analyze, negotiate, structure, and close creative financing opportunities.
What You’ll Learn In Today’s Episode:
- Buy low and sell high. It’s one of the oldest maxims for successful investing, but as the market continues to heat up and asset prices fluctuate wildly, be sure that you’re buying with enough margin to protect your downside.
- Don’t go looking for seller financed deals. Approaching brokers looking for owner financing opportunities can make you seem inexperienced and lacking capital. Rather, have the owner financing skill in your tool belt, and use it when analyzing deals that won’t work with traditional financing.
- You need to be flexible when analyzing deals. With delinquency rising and rent/eviction moratoriums extending, lending is beginning to tighten up. Distressed assets can be great deals, but likely won’t qualify for any attractive financing, requiring you to either pass on the deal or invest a significant amount of equity and dilute your returns. Having creating financing options can open doors to opportunities that other investors have looked over.
“If you can buy the property with a traditional loan, and it’s a good deal and it works, then I say you take that route. If the answer is no to the loan, then instead of throwing that deal in the trash, pull it out and try a few of these techniques. If any of those solve the problem, then make the offer. All we’re doing is increasing the probability of finding a good deal. ” – Bill Ham
Resources In Today’s Episode:
Books Mentioned In Today’s Podcast
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