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Turning Your Renters Into Buyers with Jenn Delle Fave
Manage episode 489512978 series 3563810
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In this episode, host Michael is joined by Jenn Delle Fave, a former English teacher turned full-time real estate investor. Broadcasting from sunny Florida, Jen shares her expertise in creative financing, specifically lease options and rent-to-own strategies.
Episode Highlights:
- Jenn started investing in real estate during the 2008 crash using the BRRRR method.
- Why pivoting to creative financing was necessary after traditional bank lending became a barrier.
- How utilizing lease options, seller financing, and mortgage takeovers to scale her portfolio.
- Why tenant responsibility and upfront capital through non-refundable option deposits.
- Why you should screen tenants based on financial readiness and homeownership goals.
- Why you should adjust rents and option prices annually to align with market conditions.
- & more!
Key Takeaway:
Persistence and focus are essential. Jen encourages investors to “avoid shiny object syndrome” and keep refining their tools and strategies.
Follow Jenn on Instagram: https://www.instagram.com/creativefinanceplaybook/
Learn More About Our Trusted Partner- Barr LLP
Barr LLP is a full service law firm based in the Province of Alberta with a broad range of practice areas to assist all clients. Their Commercial and Residential Real Estate and Finance team helps new and experienced clients navigate the world of real estate investing in an easy and open manner.
Would you like to learn more about Barr LLP or get in touch with them? Visit: https://thesavvyinvestor.ca/barr-llp
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Disclaimer: The views and advice expressed on this podcast are those of the participants and do not necessarily reflect the opinions or beliefs of the podcast host or affiliated parties. The content is for entertainment purposes only and should not be considered as professional financial, legal, or investment advice. Listeners are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. The podcast host and producers are not responsible for any actions taken based on the information provided.
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