Why would you use someone else's money you ask? Well the most likely scenario is that you don't have enough money of your own to fund a house flip deal, which is of course A-OK. Instead of using your own money to fund a deal, you use other people's money - which we refer to as OPM. For you, deal making flexibility is important because it is possible (as we talk about a lot here on the blog) to flip houses without using your own money. The way you work your first house flip deal will most likely be very different from how you work your second house flip deal and so on.įor me this helps to keep this business exciting. One thing that you'll notice right away in this business is that every deal is different.
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