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Updated over 11 years ago,
Buying rentals w/ OPM and retuning their $$$
Hope everyone's doing well
I spent the better half of last week speaking with private lenders and it looks like I have 2 who are interested in loaning money. (!!!)
My plan is to begin flipping properties in my area to raise cash for rentals.
I was hoping someone could give me a brief outline of using OPM to purchase/fix rentals and then refi out into a conventional loan, thus returning the original lenders investment..
Is that basically it? What kinds of professionals outside of the forums could I ask for further details?
Thank you