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Updated over 6 years ago,
can you successfully flip with OPM
Hi BP community
I've gone by the assumption that the only way one can do well in the flipping business is if you have cash to buy good deals. I know HML may be one source of financing but I'm not sure how one could get deals, go through the due diligence needed to satisfy the HML and still close on the deal - for example on auction it would take too long to get the funds to be able to bid right? So as a new "wanna be" flipper what should I do to get my hands on a viable flip and still use OPM to finance the deal (both the purchase and the rehab cost). I have about 60k of my own money available.