How I funded My First Flip

[Glenn Espinosa]

Hi all. I'm working on a blog series to help the newbies and wanted to get some material from some of the experienced flippers out there. In one simple sentence, where did you get the money to fund your first flip? Eg. conventional loan, HML, savings, credit cards, family, friends, etc.

I'll start:

First flip was funded with 10% personal savings, 20% loans from friends, 30% credit cards, 40% construction loan from credit union.

[Glenn Espinosa]

Brian Burke - That's awesome! In the past I've networked with people who frowned upon my use of credit cards as a method to break into real estate.

It's risky and just about every other method is better BUT if the deal is juicy and the numbers are true then I ask why not?