Peggy

[Margaret Horn]

Hi.  My name is Peggy.  I grew up in Cleveland, Ohio but I have lived in Tehachapi California for 20+ years now.  I am very excited about starting a fix-and-flip business but I must be honest, my husband is rather conservative and isn't thrilled with the risk I want to take.  We have two sons in college (One at OSU.  Go Bucks!) and two more headed in that direction.  I've decided it is time for me to get out there and help bring home the bacon!  I LOVE the idea of making a house look beautiful so someone will want it for their home.  I have been researching "flipping" for almost a year now and am ready to jump in!  The biggest thing holding me back, unsurprisingly, is the financing.  I know I would have a lot of fun in this line of work and I believe I will be very successful at it.   I am a responsible, dependable and hard-working person.  But, that just isn't enough in this business.  As they say, "It takes money to make money."  So if anyone out there would like to share with me how they went about financing their first few deals, I would love to hear about them.  I'm still not sure if I should go with a hard-money lender because the interest could eat into so much of my profit.  Nevertheless, I am going to figure this out!  : )

[Raul Pedrozo]

Welcome @Margaret Horn

There are various ways that I have used to purchase rentals; HELOC, private money, and hard money lenders... they are readily available if the deal is right! You just have to decide what is best for your situation.

Good luck and go Bucks! OH-