Flipping Junkie - Danny Johnson - For Those Addicted To Flipping Houses

Mike Hambright has been investing for a little over 10 years and operates FlipNerd.com where he educates real estate investors. After losing his corporate job due to downsizing and with a newborn son, Mike decided to dive into real estate investing. “I didn’t want to work really hard for somebody else anymore,” said Mike. He got into the business right before the market crash in 2008 (despite everyone’s advice not to), and he and his wife found great success in the downturn. When he first began, Mike was a little naive to the market. He had no interest in networking because he saw others as competition, but after a year of building his business he realized the value of networking and building relationships with others in your market. After doing a deal with another investor, he had the realization of, “why wouldn’t I want to be around more people like me?” Mike discusses with Danny how he formed his relationship with his bank in the beginning. While at first the lenders were hesitant, once he showed them his