I am new to real estate and new to this site as well. I have been studying for years and reading lots of books on RE. Been listing to the podcast as well.
So with that being said I am ready to dive in. I am looking to do a flip. I have a few asset based lenders ready to lend on the right home. Forming an LLC at the moment. I have looked at 10 or so homes in my area and and going to make some offers soon. One question I have about holding costs is how the heck do I pay the bills for 4-6 months on this thing while its being rehabbed? I'm looking at homes under 150k but still thats going to be 10-15k in holding costs. Is there a creative way to pay this with OPM that I have not come across? Anyway just wanted to put up my first discussion
Thanks
