287: Putting Together Real Estate Deals Using Creativity Instead of Cash with Shiloh Lundahl

How much money does it take to invest in real estate? Is there really such a thing as “no- or low-money down?” After you hear today’s interview, you’ll know the truth! Today we sit down with Shiloh Lundahl, a real estate investor who specializes in putting together deals using a variety of different no- and low-money strategies in some pretty unique combinations. From utilizing business lines of credit, to bringing in partners, to hard money, to lease options and beyond, this episode will give you tons of ammunition for your own creative finance deals. And don’t miss the incredible strategy that Shiloh uses today to make 300 percent more per deal than if he were to flip the home. It’s pretty darn fantastic! In This Episode We Cover:How Shiloh started his real estate investing journeyThe book that helped him healDetails about his first propertyOffice hacking and subleasing a subleaseHis first flipping deal — $30K turned to $195KHow he bought his dream carLosing $5K on his first flipA hack with city inspectorsThe importance of needing an assistantThe six different strategies he uses creativelyMoving to a lease-option modelGetting $800K in business lines of creditLease options and how he uses themSelling properties 5–7 percent higher than the current ARVExplaining lease option through videosAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreBiggerPockets WebinarBiggerPockets Landlord FormsBiggerPockets ProDave RamseyBiggerPockets Podcast 275: Buying 300 Homes While Working a Full-Time Job with Attorney Rob OliverLease Option VideoBooks Mentioned in this ShowLong Distance Real Estate Investing by David GreeneRich Dad, Poor Dad by Robert KiyosakiRich Dad’s CASHFLOW Quadrant by Robert KiyosakiThe Book on Investing with Low or No Money Down by Brandon TurnerThe Richest Man in Babylon by George S. ClasonShoe Dog by Phil KnightFire Round QuestionsI’m a little confused between lease option, lease purchase, and subject to. Doesn’t the existing financing stay in place for all three?Have you ever done a lease option agreement with seller for 6 months and lease option the property to buyer for 3 months?Lease Option Contract vs Rental Agreement & separate Option AgreementAm I crazy for considering a lease option to get out from under a low performing property?When you are lease optioning homes to tenants/buyers, what percentage actually end up exercising the options?Tweetable Topics:“Frustration comes from unmet expectations.” (Tweet This!)“Each deal I learn quite a bit from it.” (Tweet This!)Connect with ShilohShiloh’s BiggerPockets ProfileShiloh’s Company Profile