Welcome to a new episode of the Get Creative podcast! Today, host Ingryd Hernandez is joined by real estate experts Wes Thompson from Washington, D.C., and Marcelo Tostes from San Antonio. This episode dives deep into the world of real estate investing, focusing on creative finance strategies and success stories. Whether you're a seasoned investor or just starting, you'll find actionable insights to help you secure your first or next deal in the competitive real estate market.

Highlights:

"Creative finance has opened doors to real estate investments that I never thought possible."

"The best deals come from understanding the nuances of each transaction and the human element behind them."

"Every deal teaches something new, that’s the beauty of real estate investing."

"It's not just about closing deals, but building relationships that last and create continuous opportunities."

Timestamps:

01:04 - Meet the Guests: Wes Thompson and Marcelo Tostes

02:08 - Wes’s Journey to His Second Creative Deal

03:29 - Leveraging Community for Real Estate Success

07:18 - Strategy: Turning a Non-Deal into an Opportunity

12:11 - Negotiating and Restructuring Deals

14:08 - Personal Funding vs. Private Money

18:03 - Tax Benefits and Deal Structuring

22:47 - Overcoming Challenges in Deal Execution

25:54 - Preparing a Property for Rental Market

28:44 - Closing Remarks and Where to Connect

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Turning Non-Deals to Profit: Creative Restructuring Techniques