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

36: [Funding] Joint Venturing to Fund Your Flips w/Don Costa

Informações:

Sinopsis

Don Costa, is a married father of 3 incredible kids.  He has been in the real estate business for over 10 years.  He started Knocking on doors and wholesaling properties, and then quickly moved to flipping houses.   He took some time off during the crash and jumped back in 2012.  Currently our office is on track to do a 100 flips this year.  He loves what he does and he loves helping others get into the business.    Don started flipping houses when he was unemployed.  The unemployment check only covered his living expenses and so he had to find a way to find deals, get funding for them and to fix them so that he could sell them and profit.   He got a notice of default list and began going door to door to try to buy houses from the people about to face foreclosure.    To buy and fix up the houses, he worked out a deal with a money partner to joint venture.  The money partner would put up the funds.  He would find the deals and manage the fix up and they would split the profits 50/50.   Not all deals are 50/50,