Flip Tip Summary
John Burley joins us for this FlipNerd Expert Tip to tell us how most real estate investors have approached raising money all wrong. Instead of finding deals first, then trying to raise money…you should raise the money first, get paid for doing it, then use that money to fund your deals. Watch it now!
Flip Tip Transcript:
Mike: Hey, it’s Mike Hambright from FlipNerd.com. We have a quick Expert Tip to share with you from John Burley, who is going to share a tip on why you should find the money before you find the deal.
This Expert Tip is sponsored by RealtyMogul.com, B2R Finance and National Real Estate Insurance Group.
John: Hey, John Burley here guys. Look, a successful business model has three elements. Great idea, real estate investing, you already got it. Number two, monetize. You have to get paid first. That’s missing. Number three, have the money raised first. Real estate investors got it wrong. We put the cart before the horse. We’re taught to go out and look for deals and then hope we’ll find money. Stop it.
Always raise the money first. We show you and teach you exactly how to do it. That’s the most important thing in any business and that’s the most important thing in real estate. Raise the money first. Get paid to raise the money and then go buy deals with lots of cash and the credit already fully established.
Mike: We’d like to thank Crestar Funding, MidAtlantic IRA and Renters Warehouse.
Please note, the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers, or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.