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

<p>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.</p> <p>Matt Faircloth real estate background:</p> <ul> <li>Co-Founder of The DeRosa Group and has done more than $10,000,00 of transactions using private money</li> <li>Raised over $3,000,000 in private money without investing any of their own money into the deals</li> <li>Based in Trenton, New Jersey</li> <li>Say hi to them at <a href= "http://www.derosagroup.com/">http://www.derosagroup.com/</a></li> <li>Check out landlord tips on their YouTube channel, <a href= "https://www.youtube.com/channel/UCh1ZdYzX6vKfoAgBypdVo_w">Landlord Chronicles</a></li> </ul> <p>Best Ever Tweet:<br /> <br /> I think the mistake is to assume that things are static in real estate.</p> <p><a href="http://getpodcast.reviews/id/904025246" target= "_blank"><strong>Please Take 4 Min and Rate and Review the Best Ever Show</strong></a><strong> in iTunes. </strong></p> <p><strong>Listen to all episodes and get a FREE crash course on real estate investing at:<a href= "http://www.joefairless.com/">http://www.joefairless.com</a></strong></p> <p><strong>Need financing?</strong></p> <p><strong>Are you a buy-and-hold investor or doing fix and flips?</strong></p> <p><strong>I recommend talking to <a href= "https://m.limaonecapital.com/">Lima One Capital</a>. 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.</strong></p> <p><strong><a href="https://m.limaonecapital.com/">Click to learn</a> more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121.</strong></p> <p><strong>Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:</strong><strong><a href= "https://www.youtube.com/ch