JF606: Fix and Flip Goes South in MULTIPLE Ways! #situationsaturday

Today's story starts off sounding like a homerun deal, a $50,000 purchase on a $350,000 turn around could be exciting, except there were many roadblocks in the way. Hear how this situation turned into a hairy one every step of the way, and got worse and worse until the end.

Matt Faircloth real estate background:

• Co-Founder of The DeRosa Group and has done more than $10,000,00 of transactions using private money
• Raised over $3,000,000 in private money without investing any of their own money into the deals
• Based in Trenton, New Jersey
• Say hi to them at http://www.derosagroup.com/
• Check out landlord tips on their YouTube channel, Landlord Chronicles

Best Ever Tweet: I think the mistake is to assume that things are static in real estate.

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Need financing?

Are you a buy-and-hold investor or doing fix and flips?

I recommend talking to Lima One Capital. A Best Ever Guest told me about them after I asked how he financed 10 properties in one year. They are an asset-based lender with unique programs for long-term hold and fix and flippers.

Click to learn more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121.

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