#059: Close More Deals By Positioning More Options - a podcast by Gavin Timms

Hello everyone, I’m finally back at my home office and I’m really excited to be talking to you today about creative financing and lease-option deals.

It can be easy to hear the basics of creative finance and want to dive in right away. Passive income sounds great, right? But it’s important to make sure that you understand what you’re doing so you don’t get in over your head. Start with one strategy at a time!

Using real numbers, I show you how to negotiate with a non-motivated seller to knock a property from $140K down to 60K with a lease option. We’ll discuss how to feel the seller out, make the offer, and recover if the seller reacts poorly. Then, I show you how to suggest a creative deal that creates a win-win situation for both of you.

It’s also very important that you do not over-explain things. Don’t make it too complicated for the seller. I don’t even use language like “sandwich lease option” or “creative financing” when working things out with a seller. Instead, I like to say things like “What if we do something on terms and make some payments to you?” Keep things simple, and sellers will be more willing to work with you.

To learn more and get involved in our program yourself, go to REInetwork.com/join

What’s Inside:

• Lease options are great for passive income.
• Don’t get in over your head: learn one strategy at a time.
• How to feel out a seller and make an offer.
• Use simple language: “Can we do something on terms?”

Further episodes of REI Network with Gavin Timms

Further podcasts by Gavin Timms

Website of Gavin Timms