Epic Real Estate Investing - 3 Ways to Finance a Rental Property Purchase | 958

Episode Date: March 15, 2020

How do you find the money to finance a real estate? Stay tuned as Matt shares 3 easy options to fund your next rental property in order to generate income, and work towards your financial freedom! Learn more about your ad choices. Visit megaphone.fm/adchoices

All right, so you're ready to pick up your next rental property, but you're not quite sure where to find the money. Well, I'm going to give you three really easy options that anyone can use to pick up that next rental property so you can start generating that income and working your way towards financial freedom. This is Terrio Media. Success in real estate has nothing to do with shiny objects. It has everything to do with mastering the basics. The three pillars of real estate investing. attract, convert, exit. Matt Terrio has been helping real estate investors do just that for more than a decade now.

If you want to make money in real estate, keep listening. If you want it faster, visit r-e-i-aise.com. Here's Matt. But real quick, my name is Matt Terrio. I am CEO of Epic Real Estate. And what we do here is we show people how to invest in real estate with an emphasis on retiring early. So it's at least once a week. even more on my YouTube channel. Anytime that I'm talking about creative financing or creative acquisition

strategies or just buy and hold type real estate, I always get asked the question of Matt. It's great that you're doing all these deals. This is totally awesome. We love it. But how do you find all the money to hold all of these deals? Where did you get all the money to build the real estate portfolio that you've got? So the answer is really easy. There's three simple places. The first is public financing, bank financing, which really wasn't available to me until recently. After I got out of the music career, it went through some financial devastation. It almost took me, I don't know, it took me more than a decade to recover, but now I'm able to use that.

So if you've got the money and you've got the credit score, that's certainly available to you, but that's obvious. The second place that I would access money from, and it's my favorite, is the seller, the seller themselves, where I negotiate an offer of price and terms where the seller actually becomes the bank. And that's a big mystery to a lot of people, but it's the exact same way that you would with your regular traditional financing. You're going to borrow the money from the bank, and then you're going to make payments over time, and eventually you'll pay them off and you own the property. This with seller financing, it's the exact same way. But instead of sending

money to the bank, you're actually sending money to the seller over time. And at the end of that term, you will eventually own that property. So that's the second way. That's how I built most of my portfolio. And then things really started to pick up when I tapped into the third source. That's private money. So that's friends and family and your network and your associates and your friends are friends. It's what we call relationship money. And when you go out and you get really good at finding these types of deals and the type of ROI that you can create out of your price and terms offers, there's a lot left over for someone else to participate with you.

So for example, you know, it's not uncommon for us to say to find a cash on cash return on a property of 15%. And if you got 15%, there's 6, 7, 8% that you could share with someone else. And you think about all of the opportunities that are available, or I should say the lack of opportunities available for investment returns. You know, 6% is typically 2, 3, 4 times better than what most people are earning on their investments. So that's typically a really easy sell to access private money. And why would you want to use other people's money, whether it's bank financing or it's the seller's money or it's private money is because, you know, you can get rich using your own money,

but you really get wealthy leveraging other people's money. And when you get really good at finding deals, you're bringing them along for the ride, and you're doing them an immense favor as well. And just recently, there is a new source. So I guess this is a bonus, number four, where it's kind of like there's an old company, I don't know if they're still around called Lending Tree, where you could go to this website and you could submit your information to get a loan to buy your primary residence.

And then all these different banks would come together and they would start competing for your business. I think that was a really great service. I don't know if they're still around or not. But there's something like that now for real estate investors. It's called new private money.com. Same type of thing. You go and you submit your deal and you get all these private lenders from all across the

country. It's like from family offices and hedge funds and crowdfunding sites. They all start to compete for your business, for the opportunity for you to, you to use their money. That's at new private money.com. Go check it out. Absolutely no obligation. It's not a credit score type thing, so it's not going to reflect on your credit score.

You've got absolutely nothing to lose. And in 30 minutes or less, you're going to have multiple offers for people wanting to participate with you and your deal. This podcast is a part of the C-suite Radio Network. For more top business podcasts, visit c-sweetradio.com.