Cross-Collateralization in Real Estate Explained

Welcome to a new episode of Get Creative! Today, your host, Ingryd Hernandez, dives into the world of creative real estate finance with Brett Flory, a seasoned member of the Gator Tribe and SubTo communities. In this episode, Brett breaks down an extraordinary $5K earnest money deposit (EMD) deal, discussing unique strategies like cross-collateralization, mutual release forms, and relationship building in the lending world. Whether you're a beginner or experienced investor, this episode is packed with actionable insights and expert advice.   Highlights: "Your name is your value in real estate investing."   "Cross-collateralization secured my funds against two properties."   "Mutual release forms protect your earnest money deposit every time."   "Creative finance is all about minimizing risk and maximizing relationships."   Timestamps 00:01 - Introduction 01:26 - Meet Brett Flory 02:39 - The $5K EMD Deal 03:04 - What Is EMD? 05:47 - Structuring the Deal 09:19 - Due Diligence Matters 11:43 - Cross-Collateralization Strategy 17:49 - $3K Profit in 30 Days 19:19 - Building Relationships 22:10 - Double Closes Explained   ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc  ► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals: http://joingatortribe.com/yt    ► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc    ► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success: https://getcreativepodcast.com/    PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/  TikTok: https://www.tiktok.com/@pacemorby