Sometimes when you’re starting as a residential redeveloper, you need to find creative financing methods to jump-start your career, especially when you don’t have a ton of experience under your belt or a considerable reserve of capital to tap into. -Fortune Builders
Today’s guest, Andrew LeBaron, the Co-Founder of Flippin’ Paper. Starting out in Mortgage Banking, he soon found that he was in the wrong business, and used Bigger Pockets to jump-start his investing career. Today, he and his team flip real estate contracts to cash buyers nationwide. He also has an outstanding show on YouTube called Wholesaling Houses Flippin’ Paper.
In this week’s episode, Andrew goes into detail on how to use creative financing, seller financing as well as ways to cultivate master leases. He shares his knowledge on how to properly asses a seller’s needs, as well as how to get good deals on taking over loans. We also discuss the pros and cons of the other part of his business, in which Andrew invests in short-term rentals, utilizing businesses such as Airbnb. You will also hear his method of picking the perfect properties as well as how he has built his organization for future growth.
Tip of the Day:
More Useful Information on Financing
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Start In Wholesaling:
Want to start in wholesaling? I got my first deal going using Real Estate World Wide. TRY IT YOURSELF!
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