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Creative Real Estate Financing Solutions — HouseHacking
The biggest misconception about real estate is that it is a savings game. This couldn’t be further from the truth. It’s not all about capital, and there are more options out there than you think. And this series of vlogs and blogs are designed to shed light on just that.
With that said, bear this in mind. There are rules to this shit.
and The 4 rules of creative investing are:
- Find even better deals
- before: you were only looking for the deals now you could afford
- after: your financing IQ has increased and you are a more savvy investor. Therefore, you can and MUST start looking for better deals.
You need to change your mindset away from going for the deals you can afford because now you can afford a higher range of deals. And since creative investing comes with its own costs, in order to mitigate those costs you must come up with even better deals.
2. Be conservative and assume for the worst.
In your investment analysis, don’t forget that Murphy (from Murphy’s law) may very well come knocking on your door. So account for Murphy, and assume for the worst.
3. Creative Financing requires sacrifice.
