JF606: Fix and Flip Goes South in MULTIPLE Ways! #situationsaturday

Today's story starts off sounding like a homerun deal, a $50,000 purchase on a $350,000 turn around could be exciting, except there were many roadblocks in the way. Hear how this situation turned into a hairy one every step of the way, and got worse and worse until the end. Matt Faircloth real estate background: Co-Founder of The DeRosa Group and has done more than $10,000,00 of transactions using private money Raised over $3,000,000 in private money without investing any of their own money into the deals Based in Trenton, New Jersey Say hi to them at http://www.derosagroup.com/ Check out landlord tips on their YouTube channel, Landlord Chronicles Best Ever Tweet: I think the mistake is to assume that things are static in real estate. Please Take 4 Min and Rate and Review the Best Ever Show in iTunes. Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com Need financing? Are you a buy-and-hold investor or doing fix and flips? I recommend talking to Lima One Capital. A Best Ever Guest told me about them after I asked how he financed 10 properties in one year. They are an asset-based lender with unique programs for long-term hold and fix and flippers. Click to learn more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121. Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg Subscribe in iTunes and Stitcher so you don’t miss an episode! Learn more about your ad choices. Visit megaphone.fm/adchoices