Episode 362 – Go Broke To Get Rich
How willing are you to put it all on the line? Let’s say you’ve got a deal that you know is solid. The comps are exactly what we look for, it’s got great access, great views and you’re buying it at a third of what it’s worth. To purchase it though means that you’re going to have far less money in your account than you’re comfortable with. So, what do you do? This is a question that almost every full time real estate investor we know has had to ask themselves at one point or another. Do you do the deal? Do you do some sort of creative financing? Do you pass on the deal? All great questions and today we’re going to go over what we think of the whole situation and how we’ve handled it in the pasty.
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