025 - No Money, No Credit, No Problem With Mike & Jae Scarpa

In this episode of the Frankie D'Astoli Show, host Frankie D'Astoli, and guests Mike, and Jae Scarpa delve into the world of creative finance in real estate. They share their journey from traditional jobs to becoming successful real estate investors, emphasizing the importance of creative finance strategies that allow for property acquisition with little to no money down. The Scarpa duo discusses their unique approach to negotiating deals, implementing rent-to-own strategies, and finding leads through social media. Their insights provide valuable lessons for aspiring investors looking to achieve financial freedom through innovative real estate practices. In this conversation, Mike and Jae discuss their experiences in real estate, focusing on tenant buyers, the lessons learned from early mistakes, and the differences between subject to and seller financing. They share negotiation tactics for creative financing and talk about their academy that teaches others how to succeed in this field. They also touch on the dynamics of working together as a couple in business, emphasizing the importance of communication and defined roles.Chapters00:00 Introduction to Creative Finance and Guests03:54 Journey from Traditional Jobs to Real Estate07:56 Discovering Creative Finance Strategies12:06 Negotiating Creative Finance Deals16:01 Implementing Rent-to-Own Strategies19:58 Finding Leads and Marketing Strategies27:00 Finding Tenant Buyers30:00 Lessons from Early Mistakes33:10 Understanding Subject To vs Seller Financing39:58 Negotiation Tactics in Creative Financing51:47 Building a Creative Finance Academy55:58 Working Together as a Couple in Business