Wraparound Mortgage | Creative Real Estate Investing for Beginners | 1036
Epic Real Estate Investing
Matt Theriault
4.7 • 955 Ratings
🗓️ 1 June 2020
⏱️ 6 minutes
🧾️ Download transcript
Summary
It's never a money problem that holds you back but rather an idea problem! Creative real estate investing means that you use ideas in a place of money!
A wraparound mortgage (also known as wraps or all inclusive trust deeds) is one of the BEST ways to grow your property portfolio and get no money down income property FAST! Therefore, in today's episode, Matt explains how you can use this strategy in your creative real estate investing so YOU can grow your financial freedom 10 TIMES FASTER and ultimately RETIRE EARLY! Tune in and find out more!
Transcript
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| 0:00.0 | You don't have a money problem, but rather an idea problem. |
| 0:03.4 | You see, you don't need a lot of money to invest in real estate. |
| 0:05.9 | You just need some creative ideas. |
| 0:08.1 | Boom! |
| 0:09.1 | And in the world of the epic real estate investor, we call these creative ideas terms |
| 0:12.6 | terms like equity sharing options lease options agreement for deed |
| 0:15.5 | seller carryback subject to raps all-inclusive trust deed and so much more |
| 0:20.0 | right now though I'm gonna show you a rap and how it works. |
| 0:23.3 | Rap is short for wrap-around mortgage. |
| 0:26.5 | Some states refer to it as the all-inclusive trust deed. |
| 0:29.6 | Doesn't sound terribly exciting, I know. |
| 0:31.8 | But with the amount of no money down income property |
| 0:34.9 | you can buy using raps, it's pretty slick. Your financial freedom, not to mention your |
| 0:39.4 | overall wealth, can grow 10 times faster. I did say 10 times faster than all of those people going to work every day |
| 0:47.0 | making sacrifices saving their money in things like a 401k and having to wait 30 to 40 years |
| 0:52.4 | before they can even begin to enjoy it. |
| 0:54.8 | Can you believe that's the plan we've all been told to follow? |
| 0:58.2 | Life is short. |
| 0:59.5 | You've got options. |
| 1:00.4 | Much faster options. |
| 1:01.8 | And Raps can be an instrumental part of picking up the pace and retiring early. |
| 1:07.0 | This is Terrio Media. Yeah. |
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