Creative financing

differently.

Over the past several decades, Augie has completed more than 600 real estate transactions while using traditional bank financing only twice, becoming one of the country's leading voices in creative finance and helping thousands of investors build wealth outside the conventional lending system.

But what makes Augie's story truly unique is what he's done with that success.

He's leveraged his entrepreneurial experience and platform to mentor others, give generously, and serve as chairman of the board for Chair the Love, an organization restoring freedom, dignity, hope, and opportunity to people living with disabilities around the world.

Today, we're going to talk about creative finance.

We're going to talk about entrepreneurship.

but mostly we're going to talk about how building wealth can become a powerful vehicle for changing lives.

If you're fake, they're going to know it.

OK, I talk to people that watch a couple Instagram videos about creative financing and they're trying to educate me.

And I'm going, I've been doing creative financing since Pace Morby was in high school.

Don't try to educate me.

Understand who I am before you call and say, hey, I want to work with you because you know about apartments, because you know about self-storage, because you're an investor.

It's just a laughing kind of a thing.

But, and I send it to my friend who's a realtor, a female realtor.

So, let's talk about creative financing for a

On market, you know, on the wholesale market, it probably would've gone for 70 to 75.

He wanted 90,000 for it, and he was willing to do some creative financing to help a young guy get into it if he could get his price.

And so what we did is, uh, he sort of coached me through this.

I, I wasn't aware of this, but you can go to a local bank and if something appraises for what you need it to, some local banks will let you use the seller credit as a down payment.

I literally had to be calling like cold calling people as my first part of real estate investing.

So I had to learn like a whole skill set on top of like being able to self-manage And once I was able to get my first deal, it was what's known as a subject to deal, which is, so we buy everything creative financing is really kind of the umbrella.

And a subject to deal simply means like I go buy the house, I get title, but the seller's loan stays in place.

Okay.

And then, of course, if you're willing, of course, willing to learn dedication.

And the biggest thing is communication.

So if you are not great at communicating, then you'll be willing to learn how to communicate because creative financing is just as much a skill set as is an investment strategy.

It's really about understanding somebody's problem.