flipping

[Michael Spencer]

I am wanting to flip homes in southerm illinois but finding the cash is very difficult any advice ?

[Jared Lichtin]

@Mark Smiley, I actually do equity partnershpis with friends.. When I have big deals and I am strapped for cash, they loan me a couple thousand with a good interest rate, or a percentage of the deal. Is there anyone you know with an IRA that would like to get a better ROI than in the stock market? If you guarantee them a 10 or 12% return, that is almost always more attractive for a 6 month timeline, even if they are loaning you 5 or 10k. Also, if you network with other local investors, they almost always have cash they would like to use to be an equity partner in a deal, especially if you use workers that they are comfortable with. Hope this helps.