Podcast: Download (Duration: 54:17 — 50.0MB)
How to Close More Real Estate Deals with Creative Financing [The Missing Tool for your Business]
In this episode, Beau & Daray Olalaye discussed his journey into the real estate business, his struggle, and how he FINALLY discovered how to creatively finance and structure real estate deals which enables him to get paid via three different profit centers within one deal.
We also talk about subject to investing and “Wraparound Mortgages.”
What is a wraparound mortgage? A wraparound mortgage is a type of seller financing offered by homeowners which features a below-market interest rate. This type of mortgage can also be a way for a seller to provide financing to a borrower whose credit score doesn’t allow them to obtain traditional financing.
Learn more creative financing tips and tactics – make sure you watch til the end!
About Daray Olalaye
Daray is a Real Estate Entrepreneur & Business Coach. He mentors overwhelmed and unfulfilled employees in the professional world through the process of creating and building a lifestyle business through real estate investing so they can escape the rat race and live a life of their design.
While simultaneously growing his passive income portfolio of real estate assets and business accolades, Daray channeled his burning desire to help others by urging a change in their beliefs about who they are and what type of lifestyle they’re able to achieve with the right mindset, focus, and leverage.
When Daray isn’t working, he can be found traveling, exploring new cuisines, volunteering at Star of Hope, and on his social media platform of choice, Instagram.