Editing 1course Real Estate (section)

==== Real-Life Example: Creative Financing Success ====
Consider David, who wanted to start investing in real estate but had limited capital and credit. Here’s how he successfully used creative financing strategies:

* '''Subject-To Deal:''' David found a homeowner facing foreclosure and offered to take over the existing mortgage payments. This allowed him to acquire the property without needing a new loan.
* '''Wholesaling:''' He also identified undervalued properties and assigned the purchase contracts to other investors for a fee, earning quick profits without owning the properties.
* '''Bird Dogging:''' David referred potential deals to experienced investors, earning referral fees and learning the market.
* '''Partnership:''' Finally, David partnered with a private money lender who provided the capital for a renovation project. They shared the profits from the sale, leveraging each other's strengths.

By combining these strategies, David built a successful real estate portfolio despite his initial lack of capital and credit.