On this podcast episode I talk about borrowing money to fix and flip houses.
I start out by explaining why you should borrow money for fix and flips, even if you have the cash to fix and flip without borrowed money. I explain the tax benefits, leverage and increased return on investment by using borrowed funds.
We also talk about deal flow, and why no matter how much cash you have, you will eventually tap out if you don’t tap into borrowed funds from private lenders.
I breakdown a deal, showing you the typical borrowing costs for a borrower if they were borrowing money from me to do their first fix and flip and what that looks like.
I also talk about why you should attend your local REIA meetings to meet and network with other investors, wholesalers, rehabbers and lenders. If you need to borrow money then go where the lenders are.
And finally I talk about why the best thing you can do if you are just starting out, is to learn how to locate deals for other investors. That is what our Partnership Program is all about – teaching you how to bird dog and be a property locator for other investors and how to become a wholesaler.
If you are brand new to real estate and want to learn more about how to wholesale real estate and flip houses then please register for the free wholesaling real estate training at this link below:
FREE WHOLESALING TRAINING
https://www.lexlevinrad.com/webinar
FIXING AND FLIPPING TRAINING
If you want to learn how to fix and flip houses I have a fix and flip training webinar at this link: https://www.lexlevinrad.com/fixandflipwebinar
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For more real estate tips about property investment, investing in real estate, and how to start wholesaling, download a FREE copy of my best selling book “Wholesaling Bank Owned Properties” at https://www.lexlevinrad.com
