The Truth About Creative Finance In Real Estate | Kevin Choe
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- čas přidán 29. 08. 2024
- In this engaging podcast episode, Brian sits down with Kevin Choe, a real estate investor who has carved out a niche in the realm of creative financing.
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Instagram - / kevinchoe12
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Despite being relatively new to the real estate scene, Kevin, now 23 years old, has experienced remarkable success, particularly in the domain of creative financing deals.
Kevin's initial foray into real estate education involved learning about wholesaling through Graham Stephan's insightful CZcams videos. Subsequently, under the guidance of a coach, he attempted SMS marketing, but it failed to yield results for an initial six-month period. Kevin pivoted his strategy to leverage Facebook Marketplace, where he engaged with distressed homeowners, resulting in his first successful deal within a mere two days. Brian says you don’t get rich off your first deal, you get rich because of your first deal.
Detailing his journey, Kevin shares how he consistently generated $8,000 to $10,000 monthly by reaching out to distressed homeowners on platforms like Facebook Marketplace and Craigslist. Faced with escalating competition, he adapted his approach, collaborating with seasoned real estate entrepreneur Pace Morby.
Brian underscores the importance of doubling down on effective tactics, such as strategically utilizing specific platforms for lead generation. Kevin's transition into creative finance involved targeting homeowners with specific criteria, including low-interest rates, no-money-down purchases, and a lack of equity in their homes. Kevin offers these sellers a mutually beneficial deal involving a few thousand dollars and a seamless transfer of the contract. His niche focuses on sellers who may not initially lean towards a subject-to (sub 2) deal but are compelled to accept Kevin's offer due to their unique circumstances.
As they delve into the dynamics of the real estate market in 2024, considering factors like interest rates and potential shifts during elections, Brian and Kevin stress the importance of financial preparedness when venturing into the intricate landscape of creative financing.
yea.... no one should be only doing wholesale. Should absolutely know creative finance. Proud of you Kevin!!!
he works for you can make killin lol
Am the next kevincho 2025 watchhhhhhh💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣💣
thank you!!
Kevin is a true Go Giver! ✌🏻
i appreciate that :)
I love Kevin! He’s a G
thank you!!
Fell asleep listening to Pace, woke up to Kevin Choe dropping gems, thanks YT for allowing me to learn creative finance in my sleep lol
thank you for the kind words!
✌️Subto community are action takers ..
I 💙 the transparency for sure.
How do you make a living with creative finance??? He wholesaled 50+ subto deals this year and made over $500K
Creative Finance wholesale is EASIER than wholesaling cash deals. The better question is HOW THE HELL do you make a full living doing cash deals??? Thats the real challenge.
creative finance is way easier than cash deals!
Kevin’s Killing it 🔥✌🏽
thank you!!
Im buckling in. For this episode
yessss!!
Is it Keeglee? Kegly? Keigley? Who helped him sell the properties?
No equity, subject to, take over loan, and give owner 5-10k is at best break even cashflow when find rent. If can take advantage of low interest rate of 3-4%, and sell to future buyer if appreciate. If hold, then cross fingers property will appreciate. Am I missing something?
yeah you wouldn’t want to have the plan to sell it in the next 5-7 years
Thanks, appreciate it
yesss of course!
By the way, the "net net " means?
Pace I need to be a part of your community. I have 5,000 to loan immediately regarding the gator method. Ty
Want to connect?
Pretty shocked at the transparency