EMD & Real Estate Investing

[Javon Howell]

Hello, I'm newly first timer real estate investor. I took a course that went over in depth how to flip houses using OPM (Other People's Money) the course although in dept and very informative didn't really discuss that even if you can flip homes using OPM, you still might need to come up with an EMD out of pocket. My question for anybody is can you somehow work EMD into like say a Hard / Private Money Lender? Or even work it into my GAP fund ? I have no money at all and but after my first flip the problems that I'm facing now will definitely no longer be a problem. However, for this first flip I just need to figure out how to obtain an EMD even if there is a separate lender or something. Thanks for any and all advice I'm advance.

[Wayne Brooks]

The idea of flipping without any money or experience is a fantasy....regardless of what the course you paid for tells you.  You’ll have to have EM, carrying costs, insurance, utilities, etc.  I don’t know of any hap funders  who will lend to a beginner with no cash in the deal.