All Forum Posts by: Brett Winston

 That makes sense now that you put it that way. Thanks for the input

Woah! Overwhelming responses. 

Thank you everybody, your input is greatly appreciated. 

@JD Boyce you make a solid point. I side in favor with you on that, but my contractor is my stepfather and we have already discussed this to some extent. 

@Paul Neeb I don't think I understand why a stranger would give me the opportunity to sell their house, and just take their loan back over if I don't... I mean, Why wouldn't they just try to hire a sales agent or try to sell it themselves (especially if they already have equity, I know I wouldn't)?

@Scott W I have only considered factoring those expenses into the price and still closing with profit, but as I haven't done it before, I will assume you are correct in saying "most deals can't."    Thank you for your reply.

@Brandon Turner Thanks for the links! I will definitely be checking them out

Hello BP!

I'm starting to get creative! I am 22 years old. I work 50+ hours per week. I have a lot of expenses that eat most of my monthly income. I'm not broke, with a great job and good income and a reliable partner (my amazing girlfriend), saving up is just difficult.

So I want to flip, and I'm thinking about using hard money to finance my first flip initially. By getting a great deal on the house, a good deal through lender, and making a third partner out of my contractor. I can see many situations where this turns into a fair 1/3 split return on investment for everybody without having to come out of pocket for anymore than cabinetry, paint, flooring, etc. No labor costs, because remember, my third partner is my contractor and his reward will be profit from flip. 

What do you all think about hard money? Is it the best option when you have very minimal to come out of pocket? Do you have any other suggestions?

PS Brandon Turner, after reading your book, and joining your webinar today... This is my first step towards commitment.

Hello all!

Just reading Real Estate with No (and Low) Money Down. Looking to learn very much still and network with a handful of honest, successful, and experienced investors. Feel free to contact me, and know that I may (and will) proactively contact you.