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Mel Hayes
  • Investor
  • Los Angeles, CA
110
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256
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Flip or Flop question I can't figure out.

Mel Hayes
  • Investor
  • Los Angeles, CA
Posted

So last night I'm watching Flip or Flop on HGTV and I noticed he got a hard money loan to fund one of his deals.  I was a little surprised by this considering that the show has been on for 11 years and he's flipped tons of houses, I thought he'd have tons of cash for his deals.  The purchase price was $1m so maybe he just didn't want to put that much cash in the deal?  Would there be a reason you could fund your own deal but still get a hard money loan?

Thanks

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