Is Funding 4 Flipping Program Worth It? And other newbie question

[Bobby Jagoe]

Well is it? I'm a full time agent in Pensacola, FL and find deals all the time on and off the MLS. Mostly Probates.

Also what hard money lenders are the best?

Thanks,

Bobby Jagoe

[William Allen]

I don't like the idea of using funding 4 flipping.  I know a few people who have used it and they do like it but I think it can be dangerous to your credit if not managed properly.  The way I understand it is they open up a lot of zero or low interest rate credit cards on your behalf and you pay them a percentage rate and fee to manage all of that.  You can max out those credit cards to use for a flip and pay them back when the time comes.  

Instead, why not find a great deal and take it to a hard money lender, equity investor, JV partner, or crowd source company like fund that flip? With most of those you will likely need to come up with some of the money but if you find a good JV partner they may fund the whole thing.

If you are finding a lot of on and off market deals in our area I would love to see them.  I am pretty much maxed out right now but I can find the money if the deal is that good.  There is money to be made in this industry just for finding the deal.  Ask some of the guys who put big commercial deals together about the equity they receive with no money in the deal.