Flipping Junkie - Danny Johnson - For Those Addicted To Flipping Houses
114: [FUNDING] Buying With 0% Financing with Matt Recore
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:43:55
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Sinopsis
Matt Recore first started working in the tech industry but realized it wasn’t his calling. He then began inviting in the pre-foreclosure world, focusing on houses that were on the way to auction. Matt would negotiate deals with sellers just before they would bring their houses to foreclosure auctions. “It’s not a great way to get into buying houses because of how stressful and emotional it is for the seller,” Matt says, “but you have to really put a lot of trust and look out for people in those situations. It was challenging, but that’s how I learned.” The market began really heating up in California in the early 2000’s. This made Matt nervous. He sold all of his rentals and stopped flipping to try and avoid the crash that he felt was coming up. Matt got back into tech and had gotten out of the real estate industry just before the deep decline in California. “The peak season for us was in 2005,” Matt says, “But I got back into real estate in 2012.” Once Matt got back into full time investing when the market b