EP008: Erik Stark – Getting a Grip on Owner Finance and Deal Structure Part 1

Erik Stark, full-time entrepreneur and real estate investor, has bought and sold over 400+ properties with his business partner, Steve Mills. Erik has trained with, learned from, shared stages and coached for the biggest names in the personal development and real estate niche. Today, he sits down with Alex and goes into great detail on how he structures his deal flow. No way could Erik share all these golden nuggets in one sitting, so come back next week for part two of the interview.   Key Takeaways: • This interview is going to be broken up in two parts. • Erik and his partner Steve have been in the real estate industry for the last 11 years. • Let's talk marketing and deal structure. • Grab a pen and paper! • Erik shares a case study on a particular property. • What is 'owner finance' and 'carrying a note'? • What's the seller's why? What's their main motivation for selling the property? • There are so many moving parts to multiple deals, but don't feel overwhelmed. • How does Erik explain what owner finance is to the sellers? • Get educated on owner finance and cover the basics of a real estate transaction. • Every single lender wants to have trust, security, and collateral. • What's the one piece of advice Erik has for those struggling out there? Work a strategy and stop chasing opportunities.   Mentioned in This Episode: www.flipempire.com/ www.therealerikstark.com/   Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record you question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!