Closing Deals in Tough Markets: Insights from Lily Duong

Get Creative with Pace Morby

Welcome to a new episode of Get Creative! Today, host Justin Tuminowski is thrilled to have Lily Duong, a top-tier Transaction Coordinator (TC) and a master of creative finance strategies. In this episode, we'll dive into how Lily navigates complex real estate deals, her insights on working within challenging markets like New England, and her tips for making the most out of creative finance. So, if you're ready to learn how to move from the sidelines to securing your first deal, this is the episode for you!

Highlights:

"I handle money and numbers like it's my job, because it is."

"Determination and perseverance are key, especially in tough markets."

"Even after the contract is signed, the real work begins."

"It's not just about knowing the deals; it's about making the right connections."

Timestamps:

00:00 - Introduction to Creative Finance

03:16 - Lily Duong's Background and Introduction

05:06 - Breaking Down a Massachusetts Deal

06:21 - Challenges of Creative Transactions

09:52 - Finding the Right Wrap Buyer

11:18 - Handling Unexpected Issues in Deals

14:28 - Community Impact and Network Synergy

16:20 - Post-Closing Challenges and Property Preservation

18:43 - The Art of Dealing with Banks Post-Closure

20:17 - Persistence in Finalizing Deals

22:19 - Future Plans and Opportunities

24:38 - Benefits of Seller Finance in Multi-Family Investments

27:41 - Connecting with Lily and Her Services

► Join The Subto Community & Learn Creative Finance Directly from Pace:

https://paceapproves.com/subto-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast

► 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:

https://pacejmorby.com/exclusive-training-new?el=yt&htrafficsource=desc&utm_medium=video&utm_source=Apple&utm_campaign=getcreativepodcast&utm_content=

► Join Our Free Facebook Group to Connect with Pace and his Students: http://paceapproves.com/freefb-yt?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast

► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions:

https://paceapproves.com/tttc-gc?utm_source=Apple&utm_medium=video&utm_campaign=getcreativepodcast

► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success:

https://getcreativepodcast.com/

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