Читать книгу Flipping Houses For Dummies онлайн

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 Start with your friends and family and your attorney. They already know you, and charity begins at home.

 Tell everyone you meet that you flip houses. An investor may hear about it and contact you but be careful — an investor may be looking for a newbie to snooker into a raw deal. Question any deal that requires you to take on an inordinate share of the risk.

 Contact doctors, lawyers, dentists, and other highly paid professionals you know who may be looking to improve the return on their investments.

You have two options for financing your flips with other people’s money (OPM): Borrow the money (and typically pay interest on it), or partner with the person and split the profits. Either option will cost you money, but both options enable you to move forward on deals you would otherwise lose. When using OPM, invest it in line with your lender’s or partner’s expectations — no bait and switch!

If you contact everyone you know and you’re still short on cash, consider approaching a hard-money lender. Hard money is typically a short-term, high-interest loan. In ssss1, I discuss various types of loans, including hard money, and I provide more information on securing the financing needed to flip properties.