How Creative Financing Professionals Can Help You
Creative financing is most commonly used in real estate and is the non-traditional or uncommon means of buying land or property. The goal of creative financing is generally to purchase, or finance a property, with the buyer/investor using as little of his own money as possible, otherwise known as leveraging, OPM (Other People's Money). Using these techniques an investor may be able to purchase multiple properties using little, or none, of his or her own money. There are also many categories of creative financing which include hard money loans, private mortgages, simultaneous closings, subject to, land trust, and short sale.
Being in the real estate business it’s important to know how to effectively use OPM or other people’s money to make investments on houses, saving you your own money and increasing your financial wealth. There are many subcategories of creative financing, which our freelancers for hire at Guru.com can assist you with. Some include hard money loans which is when you get financing from your own personal contacts. There is also private mortgages which is similar to hard money loans which is a loan that is secured through a private lender, and they tend to be short term from six months to three years. There are many more subcategories to keep in mind when going into creative financing. Hire from Guru today!