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 Wraps 1:46 - How Starter Wraps Work 3:37 - The Power of Financial Arbitrage 5:46 - A Deal In Marion, Indiana 8:26 - Financing These Deals 11:33 - The BRRRR Jacket Strategy 13:28 - Best Markets & Serving Buyers 14:33 - Final Goal & Wrap-Up 15:13 - Outro LINKS: Instagram: Philip Louden https://www.instagram.com/phil_louden Website: Seller Finance Freedom Academy https://www.skool.com/sellerfinancefree/about Instagram: David Lecko https://www.instagram.com/dlecko Website: DealMachine https://www.dealmachine.com/pod Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments Website: Heritage Home Investments https://www.heritagehomeinvestments.com/