Uncovering Creative Financing: A Deep Dive with Adam Catledge
In this episode, we welcome Adam Catledge, a Marine Corps veteran and seasoned entrepreneur, to demystify the complexities of creative financing in real estate. Known for his profound knowledge in sub-2s and wraparound mortgages, Adam shares his journey from military service to becoming a successful real estate investor. He elaborates on his first deals, the mechanics of subject-to transactions, and how wraparound mortgages can create significant cash flow and value. Adam also introduces the concept of co-living as a lucrative exit strategy and underlines the importance of working with mentors to expedite success in creative financing. This conversation provides invaluable insights and practical advice for both novice and seasoned investors.
Episode Breakdown:
00:00 Introduction and Guest Welcome
01:24 Adam Keli's Background and Military Service
02:16 Discovering Creative Financing
07:28 First Creative Finance Deal
17:07 Understanding Subject To Transactions
23:54 Dealing with the Due on Sale Clause
31:51 Creative Financing in the Current Market
42:15 Addressing the Risk of Non-Payment
43:06 Mitigating Risk with Mortgage Underwriters
45:11 Understanding the Do on Sale Clause
45:50 Strategies for Handling Regional Banks
47:05 Capital Raising Insights
47:33 Exploring Exit Strategies
47:42 Wraparound Mortgages Explained
51:12 Benefits of Using a Servicing Company
01:07:29 Co-Living as a Real Estate Strategy
01:17:52 Final Thoughts and Resources
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