147: 13 Flips as a Full-Time Flight Mechanic and Part-Time Lender w/ Anthony Michael
Real Estate Rookie
Shownotes Transcript
To be a successful entrepreneur and investor, you need to learn how to turn a no into a yes. Today’s guest, Anthony Michael, has earned his title as a successful entrepreneur) from doing just that. Through determination, calculated risk, and finding ways to create value, Anthony has done **thirteen flips while also becoming a trusted lender. **
Anthony’s real estate investing) journey started when he realized he needed to gain control of his money. After his** first flip, a **live in flip) on the house he and his wife had just bought, he knew flipping was something he could do for profit. From there he found his first partner, one of his co-workers, and began to flip even more houses. The **second partner he found rejected him at first, **even though his online profile (with no profile picture) was pretty much anonymous. Despite this, Anthony was drawn to this mystery partner and his alleged “400 flips” so he flew out to meet this so-called legend and was pleasantly surprised when he was exactly who he said he was.
Anthony could have stopped there but he decided to tap into a new source of income; lending. It started with him asking his neighbor what he did for a living and now he’s the** top-rated lender on **BiggerPockets). The ability to **create value and persist **has allowed Anthony to become not only a great real estate investor but an amazing entrepreneur.
In This Episode We Cover
VA loans) and why they’re powerful home buying tools
How to navigate partnerships and find the right partnership structure for both parties
Promissory notes and the importance of having legitimate legal documents in place
How to establish a strong partnership foundation in the beginning
How to** bounce back from losing money**) and prevent it from happening again
Hard money loans) and why you shouldn’t automatically write them off
And** So** Much More!
Links from the Show
Real Estate Rookie Youtube Channel)
Real Estate Rookie Facebook Group)
Check the full show notes here: https://www.biggerpockets.com/rookie147
Learn more about your ad choices. Visit megaphone.fm/adchoices)