\ud83d\udcb0 #1 \u2013 The New Flip\nThis is the smartest way to start flipping and make money today.\nI designed The New Flip to teach you negotiation, hustle, and how to spot deals in real life \u2014 by flipping everyday stuff like bicycles.\nIt\u2019s how I made my first money while learning skills that helped me crush it in real estate.\n\ud83d\udc49 Grab it at TheNewFlip.com\n\n\ud83e\udde0 #2 \u2013 REBOOT\nThis is my personal mindset reset \u2014 for hustlers who feel stuck, overwhelmed, or like they\u2019re spinning their wheels.\nREBOOT will help you rewire your brain to take massive action, overcome fear, and dominate your day.\n\ud83d\udc49 Start your reset at MyRealEstateDojo.com\/reboot\n\nWhy I Don\u2019t Recommend Hard Money Loans for Beginners in Real Estate (Use This Instead)\n\n\nAre you thinking about borrowing from a hard money lender to flip houses? STOP.Before you sign that dotted line, I\u2019m going to show you why that decision could cost you your freedom\u2014and how you can build wealth without taking on any debt.\n\n\nChamp, I\u2019ve been an entrepreneur since 9th grade in high school and a real estate investor since 2006.And all that time, I\u2019ve never borrowed money from a sticky banker or held a r\u00e9sum\u00e9 job.\nToday\u2019s session\u2014today\u2019s lesson\u2014is one of the most important truths I can give you if you’re new to real estate, especially if you’re trying to fix and flip your way to freedom.\nLet\u2019s talk about why borrowing money from hard money lenders can be financial suicide for new investors \u2014 and what smarter, safer options you have instead.\n\n\nNow look, I get it. There\u2019s a difference between good debt and bad debt.\n\u2705 Good debt is when you borrow to create income \u2014 like starting a business or buying an investment property.\u274c Bad debt is when you borrow to consume \u2014 like taking out a loan to buy a couch, a new car, or to go on vacation.\nBut here\u2019s where it gets tricky\u2026\nEven so-called \u201cgood debt\u201d like a hard money loan can quickly become devil debt if you don\u2019t know what you\u2019re doing.\nBecause debt is like dancing with the devil \u2014 and at the end of the dance, the devil always wants his due.\nJust ask the once-great giants like Kodak and General Motors. They over-leveraged, borrowed like crazy \u2014 and boom, they lost everything.\nSame thing happens to real estate investors. I\u2019ve seen too many rookies lose their shirts\u2014and homes\u2014because they overleveraged on bad flips with hard money.\n\n\nSo David and CNE asked me:\n\u201cMike, should I borrow money from a hard money lender to start flipping houses?\u201d\nMy answer is HELL NO \u2014 unless you\u2019re already a seasoned pro who knows exactly what you\u2019re doing.\nIf you’re new? Don\u2019t. Touch. It.\nWhy?\n1. Fix and flip is one of the riskiest games in real estate.\n * Prices can shift. Contractors flake. Permits delay. Material costs jump.\n * If you don\u2019t know the cost of a roof, plumbing, or flooring \u2014 you’re already gambling.\n2. Hard money loans are expensive.\n * We\u2019re talking high interest rates, 2\u20135 points upfront, and monthly interest-only payments.\n * And guess what? Those payments don\u2019t even reduce your principal!\n3. Profit margins in flipping are tight.\n * 12\u201315% profit is typical, if everything goes perfect.\n * But if you\u2019re paying lenders, contractors, and covering mistakes \u2014 that margin shrinks fast.\n4. You\u2019re betting borrowed money on something you\u2019ve never done.\n * That\u2019s like learning to swim by jumping into shark-infested waters with a brick tied to your ankle.\n\nSo what\u2019s the alternative?It\u2019s using your creativity instead of debt.It\u2019s deals without banks.It\u2019s what I teach in my world-famous real estate dojo.\nOne powerful example: The American Dream Offer.\nHere\u2019s how it works:\n* Let\u2019s say a property is worth $100K.\n* The seller wants $50K. He owes $30K.\n* Instead of borrowing $50K from a hard money lender, you say:\n\u201cMr. Seller, I\u2019ll take over your payments. I\u2019ll rehab the property. And when we sell it, we\u2019ll split the profits.\u201d\nSo you:\n* Avoid borrowing money\n* Avoid paying high interest\n* Get into the deal with way less cash\n* Create a win-win with the seller\nThat\u2019s Subject-To Investing + Profit Sharing \u2014 real estate the creative way.\n\ud83d\udc49 And every time you make that mortgage payment, you\u2019re reducing the principal. You\u2019re gaining more profit. Unlike hard money, where every payment goes down the drain.\n\nLet me be real with you:\nEveryone wants the shortcut.They want the TV version of success \u2014 buy a house, slap some paint on it, boom, you\u2019re rich.But this isn\u2019t HGTV. This is real life.\nIf you\u2019re serious about learning how to invest in real estate, start the right way.\n\n\ud83d\udcb0 #1 \u2013 The New FlipThe smartest way to start flipping and make money today.I designed The New Flip to teach you negotiation, hustle, and spotting deals in the real world by flipping things like bicycles \u2014 with almost no risk.\n\ud83d\udc49 Start flipping and stacking cash at TheNewFlip.com<\/span>
<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":2069,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","_wp_convertkit_post_meta":{"form":"-1","landing_page":"0","tag":"0","restrict_content":"0"},"footnotes":""},"categories":[76,113,32,18],"tags":[],"class_list":["post-4699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wholesaling-real-estate","category-flipping-houses","category-landlording","category-owner-finance"],"_links":{"self":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts\/4699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/comments?post=4699"}],"version-history":[{"count":3,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts\/4699\/revisions"}],"predecessor-version":[{"id":4702,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts\/4699\/revisions\/4702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/media\/2069"}],"wp:attachment":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/media?parent=4699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/categories?post=4699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/tags?post=4699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}