In real estate, creative financing is 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.
In case you’re wondering, creative financing benefits both the seller and the buyer. If you are willing to wait, you can earn more money on the transaction than by selling it outright for cash. Likewise, an investor paying cash has to pay less to acquire the property but with creative financing or terms, can pay more to acquire the same property.
What to know about Owner Finance loans in Real Estate
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