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Updated over 1 year ago on . Most recent reply
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New to real estate
How can I purchase property and flip it without using my own money?
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Quote from @Jonathan Gonzalez:
How can I purchase property and flip it without using my own money?
Despite what you hear from gurus on the internet, this is not easy and increases your risk. You will need to build relationships and find someone willing to trust you with their money.
If you walk around with your hand out, only a fool would respond. You need to demonstrate your skill as an investor/flipper so they will trust you with their money. How can you show them that you will be responsible with their money and provide a positive return? How much of a return are you offering? When can they expect that return? How will you keep them informed of progress along the way? What protections are you providing them? How do they know you won't squander the money and disappear? Even if you haven't flipped before, do you have anything in your background that shows you are mentally competent, a hard worker, or financially responsible?
- Nathan Gesner
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