All Forum Posts by: Account Closed

Thank you both for your replies. Mr. Akers, I am kind of new to a lot o

f this and the terminology. Could you please explain what transactional funding is? Thank you so much.

So I just wanted to stop in and introduce myself. My names John and I live in Houston Texas. My father flips houses and I recently asked him to start helping him when he does so as to learn how. He was pretty happy to see me take an interest. Although he contracts out most of the fix up work now, I am sure I will still learn a lot.

He just started this business the first of the year and has done quite well. He does everything cash though not wanting to deal with mortgaging. He's also pretty adament about doing things a certain way when he has his mind made up. I on the other hand feel like he is a little short sighted in that area (mind you its limited capital around 200k just starting out and dealing with foreclosures cash makes it easier).

I think leveraging the banks money opens up many new cash flow sources and the ability to deal in so many more of them. Why not do both? It will be quite a while before I have rebuilt my credit or saved enough to do any real investing unless I flip to investors. Should I just keep my ideas to myself since he usually shuts them down anyways and I'm the student?

Thank-you everyone and nice to meet you!