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Raising Capital

You Don’t Need Money to Fix and Flip Houses (If You Have This)

He sat in the back of the room. While the instructor explained the foreclosure process to a packed class full of Realtors, this man quietly leafed through a large stack of papers. My curiosity got the best of me. So, during the break I pulled the guy aside and asked him why he brought a mountain of paperwork to a continuing education course for real estate agents. It turned out to be one ...
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Why You Must Have This Before You Start Fixing and Flipping Houses

They all looked so… Desperate. Tired too. As the speaker, slickly dressed in a dark blue suit and matching tie, addressed the half-full room I could feel the sales pitch rapidly approaching. I recall looking around at the attendees. Could any of them really afford the real estate investment program this guy at the front of the hotel conference room was about to sell? Probably not...
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6 Ways to Immerse Yourself in the Fix and Flip Business

She was upset. My youngest daughter, Audrey, didn’t want to be the red fish in the school drama club performance of Seussical the Musical. To her, the role was small and unimportant. Audrey was in the 4th grade at the time. And fortunately, she didn’t get too discouraged about receiving such a brief appearance in the show. As a matter of fact, the experience made her work that much har...
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Why You Should Partner Up to Fix and Flip Houses

Since 2009 Manny Romero, my business partner, and I have fixed and flipped more than 100 houses in Phoenix, Arizona and Milwaukee, Wisconsin. Our partnership began out of necessity. At the time I was working for a local real estate investor in Phoenix who was buying houses at the courthouse steps (known as trustee’s sales in Arizona). Manny was on the road, a traveling salesman of sorts. ...
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Using Social Media to Raise Capital

Dollar sign made of dollar bills
People love to hear inspirational stories and they love to hear about other people’s success. Most important of all, they love drama Why do you think reality shows are so popular? Earlier I posted about the power of networking to raise capital. I mentioned how this was a people business and it is vital to get out there and meet people that can become resources for you. Social media is just a...
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It Takes a Track Record to Raise Capital

house calculator
Track records in any business are important. It gives you a gauge on what the business is doing and whether or not it’s profitable. Before I invest in anything or buy anything I want to see the business or product track record or testimonials. This will give me the info I need to move forward. The same applies in real estate. Many out there make claims about how many deals they are doing, the b...
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Raising Capital Through Networking

house surrounded by gold
In an earlier post I went over the four different ways to help you fund your fix and flip projects: Hard Money Lenders Private Money Self Directed IRA/401K Love Money So how do you get to that money? You will have to become a relationship builder. The fix and flip game is a people game. Even in the rehabbing stage you have to manage your contractors. So if you don’t possess this...
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4 Ways to Fund Your Fix and Flip Deal

wrench with cash
You’ve done your due diligence, checked your numbers backwards and forwards and after all your research you determine you have a smoking deal. What now? How are you going to fund it? You’ve probably heard that you can play the fix and flip game with no money out of your pocket, yet you’re faced with the dilemma of having this excellent opportunity and no money to pull the trigger on it. B...
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Why IKEA, Fixing and Flipping Houses are Alike

house made of tools
I love IKEA! Why? Because IKEA makes me look like a master craftsmen when I see the finished product I just built. Although there are specific and detailed instructions to get to the finished piece, there is a small step that most people miss because it’s not numbered. That step is the little diagram that tells you how many pieces there are and what tools to use to complete the project. Y...
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Don’t Be Fooled By The Success of Other Investors

money from the sky
Handy Joe with a full time job and a family of five just said he made 30k profit on his first deal using no money that took less than a month. Then there is Nellie Homemaker that now “controls” over 80 properties in 1 short year. It probably sounds too good to be true right? Well, it must be true. You saw it on your Facebook feed last night and if it was on Facebook it has to be true. Wha...
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