I guess I am not as concerned about the fate of those who bought too much house with
creative financing because they thought prices would keep going up.
Not exact matches
Apparently, I live in a
finance blogger bubble
because it wasn't until recently when I learned how competitive
creative professionals -LSB-...]
That's even harder to do in
finance,
because it's not really driven by the same type of intrinsic passion that drives the
creative focus of film.
Hope most of you real estate investors was able to catch Part 1 of
Creative Options and 0 %
Financing last week
because we are jumping in...
Just
because the
financing options are «
creative» doesn't mean they're miracle cures for financial distress or insufficient funds.
Because of «
creative financing» techniques like interest - only loans and adjustable rate mortgages with ridiculously low teaser rates, many people thought they could afford bigger homes.
Just
because «not everyone in
creative financing is taking advantage of people» does not mean that some are not taking advantage of people (even if it's unintentional).
I am very confident I want my first investments to be in Stockton, just
because, as you mentioned the price point is quite attractive and there seems to be a lot of
creative financing posts in conjunction with that area.
I like them for the knowledge, but they can confuse new investors
because they glamorize maxing out loan opportunities, maxing equity, and using hard money and
creative financing to grow as fast as possible.
If you simply can not get a loan
because of no verifiable income then you will have to get
creative and either buy with owner
financing, lease option, etc..