How I funded My First Flip

[Glenn Espinosa]

Hi all. I'm working on a blog series to help the newbies and wanted to get some material from some of the experienced flippers out there. In one simple sentence, where did you get the money to fund your first flip? Eg. conventional loan, HML, savings, credit cards, family, friends, etc.

I'll start:

First flip was funded with 10% personal savings, 20% loans from friends, 30% credit cards, 40% construction loan from credit union.

[Brian Burke]

I simply had no other options at the time. If I hadn't done that, I probably wouldn't be where I am today.