Key takeaways
- Seller-carry seconds bridge equity.
- Wraps combine new + existing.
- Options control without buying.
- JV partners bring capital + skill.
- Always attorney-structured.
Core concepts
Seller seconds
Seller carries 10–20% second mortgage.
Wraps
New mortgage wraps existing.
Options
Right to buy at price + term.
Step-by-step framework
- 1Identify creative opportunity.
- 2Attorney structure.
- 3Document terms.
- 4Close.
Advertisement
Common mistakes to avoid
- DIY structures.
- No attorney.
Frequently asked questions
When use creative?
When conventional doesn't fit.
Wraps legal?
Yes, attorney mandatory.
Options use?
Lock price + due-diligence.
JV split?
Negotiable.
Action checklist
- ☐Attorney engaged.
- ☐Terms documented.
- ☐Recorded properly.
More from Real Estate Financing
Real Estate Financing Best Practices
Match loan term to hold period, optimize APR not rate, and plan the refinance ladder.
Common Financing Mistakes
Wrong product, wrong term, wrong lender — financing errors are expensive and slow to fix.
Beginner's Guide to Real Estate Financing
First loan — pre-approval, document prep, and product selection for new investors.
Advanced Real Estate Financing
Portfolio loans, blanket mortgages, lines of credit, and private capital — scaling beyond conventional.
Financing Resource Center
Mortgage calculator, comparison tools, and lender directories for capital stack decisions.
Conventional Investor Loans
Fannie Mae and Freddie Mac investor loans — cheapest rate, strictest qualification, capped at 10.