How to Succeed in Creative Finance | Episode 10 w/ Kevin Choe
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Unlock the secrets of creative finance in real estate and transform your investment approach! Join us on Real Estate Unlocked as we chat with Kevin Cho, a prodigious real estate entrepreneur who began his journey selling gummies in high school and now, at just 19, has completed over 100 transactions. Kevin's mastery of creative financing methods, such as seller finance, lease options, private money lending, and "subject to" deals, allows him to achieve remarkable cash flow with minimal out-of-pocket expenses. This episode promises to equip you with the knowledge and inspiration to navigate real estate investments without the traditional bank loans or credit checks.
Throughout our conversation, we dissect the flexible and advantageous nature of creative finance compared to conventional methods. Kevin shares invaluable personal stories, including transforming a homeowner's existing mortgage into a profitable Airbnb rental and negotiating seller finance deals to avoid capital gains taxes. We delve into the specifics of acquisition strategies like "subject to" and seller finance deals, shedding light on how newcomers can set clear goals, whether for quick cash through wholesaling or long-term investment. Discover how understanding seller motivations and working effectively with real estate agents can elevate your investment game.
Kevin's journey underscores the importance of starting young, learning from missteps, and leveraging community and mentorship. He reveals his biggest lessons and how being surrounded by like-minded individuals has been pivotal to his success. By tuning in, you'll gain actionable insights and practical advice to boost your real estate ventures. Plus, stay connected with Kevin through his social media and continue learning with recommended resources like podcasts, books, and YouTube channels. Get ready to unlock your potential in the world of real estate with creative finance!
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Chương
1. How to Succeed in Creative Finance | Episode 10 w/ Kevin Choe (00:00:00)
2. Creative Finance in Real Estate (00:00:12)
3. Alternative Financing Strategies in Real Estate (00:06:47)
4. Creative Real Estate Acquisition Strategies (00:16:20)
5. Real Estate Financing Strategies and Risks (00:26:15)
6. Learning From Real Estate Mistakes (00:33:13)
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