In our latest podcast episode, I had the pleasure of speaking with Caleb Christopher, a pioneering figure in the world of creative real estate finance. Caleb, the founder of Creative TC and the newly launched DOSGuard, shared his journey from accidental landlord to innovative entrepreneur in the real estate space.
From Accidental Landlord to Creative Finance Expert
Caleb’s story begins as an accidental landlord, unable to sell his house and forced to rent it out. This experience, coupled with reading “Rich Dad, Poor Dad,” ignited his passion for real estate investing. He quickly moved from consuming content on BiggerPockets to joining Sub2, a creative finance mentorship program.
Creative Transaction Coordination
Recognizing a gap in the market, Caleb founded Creative TC, offering specialized transaction coordination for creative deals. He emphasized the importance of thinking beyond the closing table, considering the long-term implications of contract terms for buyers and sellers alike.
Innovative Solutions for Common Challenges
Due-On-Sale Clause Remediation
Caleb’s team has developed expertise in handling due-on-sale clause issues, a common concern in creative financing. Their approach involves tailored solutions based on each unique situation, often involving direct negotiation with lenders.
Nominee Signers for Privacy
For investors concerned about privacy, Caleb introduced the concept of nominee signers. This service allows investors to maintain anonymity in public records, a crucial consideration for those managing multiple properties.
DOSGuard: A New Approach to Due-On-Sale Protection
Caleb’s latest venture, DOSGuard, offers a unique solution to the due-on-sale clause concern. This insurance-like product provides a guarantee against due-on-sale issues, giving investors peace of mind when using creative financing strategies.
Advice for New Investors
For those new to creative finance, Caleb recommends:
- Focus on one strategy for 90 days
- Utilize resources like Sub2’s Daily Dial for practice and mentorship
- Understand your role in real estate – are you a buyer, wholesaler, or connector?
Looking to the Future
Caleb’s vision extends beyond his current ventures. He aims to provide stable income for 100 people through a portfolio of companies known for excellence in their respective fields.
Connect with Caleb
- Website: creativetc.io
- Instagram: @fcalebchristopher
- Virtual Office: Available for free consultations 9-5 Central Time
Caleb Christopher’s journey and innovations in creative finance offer valuable insights for both new and experienced real estate investors. His focus on ethical practices, risk management, and innovative solutions sets a new standard in the industry.