Flipping (hows it done)

[Garrett Ninemire]

So I am a young investor who is in the process of doing their first househack. I have a business freind of mine who wants to get into house flipping. Of course because of the new property I acquired I will have just enough money for the down payment on the house to flip and none extra. So I am wonering is their a way to make the home loan and the loan for flipping supplies the same one. or is there a better way to get the neccesary capital.

[Kyle Mccaw]

@Garrett Ninemire have your game plan together before you purchase a flip property. My advice...find a recommended hard money lender at your local rei club. A good hard money lender will only lend a deal that works. They don't want to foreclose. 

If you plan to partner with someone, be very clear on each others expectations.