Using my own cash or financing

[Rob Rose]

Hey everyone. I am relatively new to investing and brand new to BP. I am almost done with my 2nd flip and have sold what was previously a rental property and should have about $100K cash on hand by the time this one is said and done. My dream is to keep my day job for another year or two and finish enough flips in my spare time that I have about $150-200K in the bank before moving into this full time. Is it naive of me to think that I could do this with my own cash and not have to any finance any purchases? Both of the flips I have done have been bought and fixed up for under $50,000 total since my father-in law and I have done all the work that doesn't require a permit ourselves. I hear even seasoned investors with a lot of money and property talking constantly about methods of financing deals and I wonder if there is anyone out that works only in cash or if there is something I am missing about why I should turn to a bank or other lending source if I can avoid it?