Jul 3, 2021
Today we are addressing two of the big issues that always confront real estate investors: 1. Funding your Deals. 2. Hiring good contractors.
Mark Willis is coming along in just a few minutes to talk about how to use your own money to buy insurance that will provide a cash value which you can borrow against to fund your own flips. It’s a process we call “Bank on Yourself”.
Then I’m going to interview Troy Good. He’s a real estate investor and general contractor from Pennsylvania. As part of his work he sometimes hires other contractors. So I am going to pin him down about how he finds and vets other contractors. I also plan to ask him what he does when a job goes bad and hopefully we will talk about paying contractors in advance for their work.
It’s a full show today - stay with us all the way through and you’re going to get some amazing actionable value from it.
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Questions from Listeners:
- Jen, ??? Thanks for the email. I am new to this business. My LLC is established and I am ready to roll. I have been making offers even though the one thing holding me back is the GAP funding. That is part I am lacking. I qualify with HM Lenders, I just haven’t found sources to secure the GAP funding. Any advice? I am hoping to take a Home equity line out line out in August. But this market is so crazy I my offers are being bypassed by other investors by $1,000 of dollars. I just can’t understand how they our going to make a profit when they sell because these houses need soooo much work. They are buying them as is and way over the asking price.