Flipping Exit Strategies

[Daniel Wrentz]

Hi BP,

I am looking to start flipping houses but currently don’t qualify for a conventional loan.

My concern is I’ll be using hard money and if I get “stuck” in a flip I won’t be able to refi with a conventional mortgage to rent out . Does anybody have other ideas, workarounds, or strategies to address this possible issue?

Thanks ahead of time.

-Daniel

[Coley Mitchell]

Find a partner!  If you can source good deals you will not struggle to find people with money that want to do them with you.  Find someone with $$$ to burn and you source and operate the deal.  Two parties bringing very different things to table = great partnership.