Flipping America 476 Bank on Yourself

Published: July 3, 2021, 4 p.m.

Today we are addressing two of the big issues that always confront real estate investors: 1. Funding your Deals. 2. Hiring good contractors.\xa0

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\u2019s a process we call \u201cBank on Yourself\u201d.\xa0

Then I\u2019m going to interview Troy Good. He\u2019s 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.\xa0

It\u2019s a full show today - stay with us all the way through and you\u2019re going to get some amazing actionable value from it.\xa0

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

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Call our National Comment Line: 877-55-ROGER (877-557-6437) \xa0 ext 1. Leave your message or your question.\xa0

Email your questions to questions@flippingamerica.net. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don\u2019t mind.\xa0

Sponsors

American IRA: www.americanIRA.com

Flipping America Funding : Get the money you need for your business, for your training, for infrastructure, and for your projects. Flipping America Funding is your one-stop shop for all of your business funding needs. FlippingAmericaFunding.com.\xa0

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Questions from Listeners:
  • Jen, ??? Thanks for the email.\xa0 I am new to this business.\xa0 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.\xa0 I qualify with HM Lenders, I just haven\u2019t found sources to secure the GAP funding. Any advice?\xa0 I am hoping to take a Home equity line out line out in August.\xa0 But this market is so crazy I my offers are being bypassed by other investors by $1,000 of dollars.\xa0 I just can\u2019t understand how they our going to make a profit when they sell because these houses need soooo much work.\xa0 They are buying them as is and way over the asking price.
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