We are looking to add flipping houses and have been diving into learning all about this area of real estate.Our main question is - why not use your own cash for flipping vs. financing?

He gets way into the weeds on ALL of the costs involved in buying, holding, and then either keeping (if he BRRRRs) or selling (if he flips.)  

Wanting to get into this myself.

I’ve put a bit of money into the building and it has appreciated quite well.

I've been diving into this since my college days, and it's been an incredible journey.

Most states have laws that make leases automatically roll in to M2M if they have no specific clauses for renewal. 

@Sylenthia Boswell I hate to break it to you but its going to be really difficult to get deals without having some money to spend on marketing/skiptracing/cold calling.

Literally got into RE while at a family BBQ about 15 years ago.

If it looks abandoned I have been known to put my nose up to a window to peer into it to see what I can see.  

Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!