586: How To Become the Bank On Cheap Houses

Philip Louden calls it becoming the bank: you buy a cheap livable house in a small market, then resell it on seller financing to a family that wants to own instead of rent. He explains why this arbitrage works, how he finds and structures these deals, and where the financing comes from when you do not have cash. If you have been chasing assignment fees and want something that pays you every month, this is the model to study. KEY TALKING POINTS:0:00 - What Are Starter Wraps1:46 - How Starter Wraps Work3:37 - The Power of Financial Arbitrage5:46 - A Deal In Marion, Indiana8:26 - Financing These Deals11:33 - The BRRRR Jacket Strategy13:28 - Best Markets & Serving Buyers14:33 - Final Goal & Wrap-Up15:13 - Outro LINKS:Instagram: Philip Loudenhttps://www.instagram.com/phil_louden Website: Seller Finance Freedom Academyhttps://www.skool.com/sellerfinancefree/about Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/