147: 13 Flips as a Full-Time Flight Mechanic and Part-Time Lender w/ Anthony Michael

To be a successful entrepreneur and investor, you need to learn how to turn a no into a yes. Today’s guest, Anthony Michael, has earned his title as a successful entrepreneur from doing just that. Through determination, calculated risk, and finding ways to create value, Anthony has done thirteen flips while also becoming a trusted lender. Anthony’s real estate investing journey started when he realized he needed to gain control of his money. After his first flip, a live in flip on the house he and his wife had just bought, he knew flipping was something he could do for profit. From there he found his first partner, one of his co-workers, and began to flip even more houses. The second partner he found rejected him at first, even though his online profile (with no profile picture) was pretty much anonymous. Despite this, Anthony was drawn to this mystery partner and his alleged “400 flips” so he flew out to meet this so-called legend and was pleasantly surprised when he was exactly who he said he was.Anthony could have stopped there but he decided to tap into a new source of income; lending. It started with him asking his neighbor what he did for a living and now he’s the top-rated lender on BiggerPockets. The ability to create value and persist has allowed Anthony to become not only a great real estate investor but an amazing entrepreneur. In This Episode We CoverVA loans and why they’re powerful home buying toolsHow to navigate partnerships and find the right partnership structure for both partiesPromissory notes and the importance of having legitimate legal documents in placeHow to establish a strong partnership foundation in the beginningHow to bounce back from losing money and prevent it from happening againHard money loans and why you shouldn’t automatically write them offAnd So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupBiggerPockets PodcastAshley Wilson's InstagramBiggerPockets Radio Podcast 001: Building a Successful House Flipping Business and Losing Millions with Marty BoardmanDavid Greene's InstagramLowesThe Home DepotGrant Cardone's WebsiteBiggerPocketsCheck the full show notes here: https://www.biggerpockets.com/rookie147

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