Cross-Collateralization in Real Estate Explained

Welcome to a new episode of Get Creative! Today, your host, Ingryd Hernandez, dives into the world of creative real estate finance with Brett Flory, a seasoned member of the Gator Tribe and SubTo communities. In this episode, Brett breaks down an extraordinary $5K earnest money deposit (EMD) deal, discussing unique strategies like cross-collateralization, mutual release forms, and relationship building in the lending world. Whether you're a beginner or experienced investor, this episode is packed with actionable insights and expert advice.

 

Highlights:

"Your name is your value in real estate investing."

 

"Cross-collateralization secured my funds against two properties."

 

"Mutual release forms protect your earnest money deposit every time."

 

"Creative finance is all about minimizing risk and maximizing relationships."

 

Timestamps

00:01 - Introduction

01:26 - Meet Brett Flory

02:39 - The $5K EMD Deal

03:04 - What Is EMD?

05:47 - Structuring the Deal

09:19 - Due Diligence Matters

11:43 - Cross-Collateralization Strategy

17:49 - $3K Profit in 30 Days

19:19 - Building Relationships

22:10 - Double Closes Explained

 

► Join The Subto Community & Learn Creative Finance Directly from Pace: 

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► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals:

http://joingatortribe.com/yt 

 

► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt 

 

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc 

 

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/ 

 

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