Creative Financing Real Estate for a Win-Win

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The speaker shares how they purchased a 66-unit storage facility without using their own money or a bank. They bought it for $500,000, with $300,000 in owner financing and $200,000 from a private lender. Instead of going to a bank, the owner is acting as the bank, and the speaker is paying them $300,000 over 25 years at 1% interest with no early payment penalty. The speaker is also paying their private lender 8% interest on the $200,000. The terms of the deal were worth paying market price, and the owner was willing to accept the full amount because the speaker got creative with the financing.

The speaker shares how they purchased a 66-unit storage facility without using their own money or a