Real Estate Investing Genius: The Complete Beginner's Guide to Building Wealth and Passive Income through Real Estate Investing (Dorian Hale Book 1) by Dorian Hale & Q21 Media Group LLC

Author:Dorian Hale & Q21 Media Group LLC [Hale, Dorian & Media Group LLC, Q21]
Language: eng
Format: epub
Publisher: Q21 Media Group LLC
Published: 2023-04-10T22:00:00+00:00

Creative Financing Methods

Now that we’ve discussed traditional lending methods, let’s move on to creative financing methods which can help fund your real estate investments. These alternatives offer flexibility and are great alternatives for those who don’t qualify for traditional loans or want other funding options. From lease options to subject-to financing and wrap-around mortgages, we’ll examine these methods in-depth and show you how they can work in your favor.

Lease Options

A lease option is a contract that gives tenants the right to purchase property within a specified timeline. They pay a rental premium, usually higher than the market rate, and part of it goes towards paying off the purchase price - locking in their purchase price while giving them time for credit building or saving for down payment funds. Essentially, it’s beneficial for both the tenant and seller: tenants get to live in the property while working towards buying it, while sellers benefit from higher rental income.

Real-Life Example:

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