What Are the 3 Biggest Myths About Creative Financing?

There are so many myths about creative financing and private lending! Because there’s so much talk about high-leverage, no-money down deals, many new investors lack understanding of the ins and outs of non-bank financing.  

 

Our guest on this episode is David Gans, VP at Westmount Capital. With his expertise, we untangle some of the misconceptions that often cloud this area of real estate investing. David helps give us a clearer picture of what “creative” financing strategies really mean.

 

Don’t miss this opportunity to get your facts right about creative financing and private lending! 

 

Get ready to have your mind opened and your knowledge deepened!

 

What we learned from David Gans and Terrie Schauer in this episode:

 

- The misunderstanding surrounding the realms of private lending and creative financing.

- How creative financing REALLY works.

- The ultimate truth about private lenders.

- How risk and interest rates work in private lending.

- How the process would look if someone can’t pay, and what private lenders do to prevent this kind of scenario from happening. 

- The truth about real estate investing by David Gans. 

 

Quotes:

 

“When you think of real estate, you think of big money. In my opinion, real estate has massive risk.” -David Gans

 

“I think you need to really make sure you understand what you're doing and understand the risks you're taking and aligning yourself with the right people.” -David Gans

 

Timestamp:

 

[00:00] Podcast intro

[01:09] David shares a little backstory of how he got involved in real estate. 

[02:36] From single-family investing to a private lending firm, David talks about his big transition. 

[05:24] David debunks the common misconception about private lending and creative financing. 

[10:40] Terrie and David discuss the topics about how creative financing REALLY works, and things about risk and interest rates. 

[17:20] David shares how the process would look if someone can’t pay, and what private lenders do to prevent this kind of scenario from happening. 

[20:56] Terrie and David discuss another common misconception about private lending and creative financing. 

[24:26] Ways to reach out to David. 

[24:50] Podcast outro

 

Connect with David Gans here: 

 

Website: http://wcmortgage.ca/ 

 

Connect with Us:

 

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/