Tuesday Tekkers: Austin Largusa talks building your network...and rapport, analyzing deals and the secret to selling seller finance, making offers, and how to structure lease options

Tuesday Tekkers: The techniques on how to level up, build momentum, connect with the right people, and take your investing to the next level. 

Welcome to Investories Deep Dive Season 1: Creative Financing 

We're breaking down the strategies to empower your Real Estate investing journey. 

Season 1 is all about creative financing. The who, the what, and importantly the how. 

Creative financing isn't just seller financing, and we're going to dive into it all, from subto, to hard money. 

This week we sit down with Austin Lagusa of https://www.simplerealestate.org to talk finding your mission - and taking a negative experience, being rejected for a loan from a traditional bank, to helping families buy their own home through creative financing. And how you can do the same...

Introducing Austin

My real estate journey started in 2019 when I was told I couldn’t buy a house for my family. I had no idea that my investment journey would begin with a denied mortgage application. Since 2019, I’ve been able to purchase 12 out of state rentals with less than $15k of my own money.

My Mission

Austin on an adventure to help 1,000 home renters become homeowners over the next 25 years. It’s his passion, to teach financial literacy, investing strategies, and defeating limiting beliefs.

Austin is committed to helping you challenge your self limiting beliefs, helping to uncover all the potential that’s inside of you.

What is Seller Financing?

Seller financing, also known as owner financing, is when a seller provides financing for a buyer to purchase a property or business. This can be done through a mortgage, promissory note, or other type of loan agreement. There are several benefits and myths associated with seller financing.

Benefits of seller financing include:

• Allowing buyers who may not qualify for traditional financing to purchase a property or business
• Helping sellers to sell a property or business that has been on the market for a long time
• Providing a way for sellers to earn interest on the sale of their property or business
• Allowing sellers to negotiate the terms of the loan, such as the interest rate and repayment schedule

However, there are also several myths associated with seller financing, such as:

• Myth: Seller financing is only for buyers with bad credit.
• Reality: While seller financing may be a good option for buyers with bad credit, it can also be beneficial for buyers with good credit who want more flexibility in the terms of their loan.
• Myth: Seller financing is always risky for the seller.
• Reality: While there is always some risk involved in any type of lending, seller financing can be structured in a way that minimizes risk for the seller. For example, using a promissory note with a due-on-sale clause can protect the seller if the buyer defaults on the loan.
• Myth: Seller financing is only for residential properties.
• Reality: Seller financing can be used for both residential and commercial properties, as well as for businesses.

Overall, seller financing can be a viable option for both buyers and sellers, but it is important to understand the benefits and myths associated with this type of financing. It is always a good idea to consult with a financial advisor or attorney before entering into a seller financing agreement to ensure that it is a good fit for your individual situation.

Investories:

• YouTube: https://www.youtube.com/@investoriespodcast7744
• Tik Tok: https://www.tiktok.com/@investoriespod
• Instagram: https://www.instagram.com/investoriespod/
• Email: investoriespodcast@gmail.com

Austin Lagusa; 

• Instagram; https://www.instagram.com/austinlargusa/
• Website; https://www.simplerealestate.org/ 

Kyle:

• Facebook: https://www.facebook.com/yourmultifamilymentor
• Instagram: https://www.instagram.com/your_multifamily_mentor/?hl=en

John: 

• Instagram: https://www.instagram.com/hoopeezy/?hl=en
• Airbnb: https://airbnb.com/h/ponderosapinehaus