The TC Exchange Podcast Episode 30: Creative Financing with Jay Holder
Episode 30 Show Notes: Creative Financing with Jay Holder
Well, hello everyone. Today we are talking about a lesser known topic in transaction coordination! Now we are certainly going through an interesting time in real estate. The housing market is in flux and we are seeing interest rates at a higher rate than we've seen in many years. With the increase in cost of getting a loan, we're seeing homebuyers and investors have to become a little more creative in how they finance their purchase and that's where creative financing comes in. I'm sure that many of you have heard the term before, and it's been a little bit since it's been in the real estate space in some areas, but it's becoming a topic that's more and more prevalent.
And it begs the question: what is creative financing and how can a transaction coordinator navigate this exciting world? Today, we are speaking with Jay Holder with Finish Line Transactions, a transaction coordinator company that specializes in creative financing for real estate. Tune in to learn more!
Today, Jay and I are discussing:
(2:35) What drove Jay to real estate
(6:16) Creative financing explained and what a transaction coordinator might see come across their desk
(9:39) Security in creative financing and ensuring both sides understand the transaction
(15:41) How money is brought to the table
(18:21) Who is involved in the real estate transaction
(19:52) A traditional TC vs a creative financing TC
(25:46) Managing documents in a creative financing transaction
(27:27) The levels of service provided
(29:59) Advice for transaction coordinators looking for a change
(32:29) The books that have been game changers for Jay
Links mentioned in this episode:
Profit First for Real Estate Investors
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