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We're looking for advice on what we can do for financing for flipping houses.

We currently use our home equity line of credit for the purchasing and remodeling,

but of course that payment gets a little high.

So we're just looking for some ideas of what to do.

Okay.

I've probably done 1,500 or 2,000 flips in my life.

Okay.

That's what I used to do for a living before I went broke because I borrowed money doing flips.

So for 35 years I've taught people not to borrow money as a primary way to lower risk and create wealth.

I don't borrow money, and so I'm not going to be able to help you borrow money.

Okay.

Then what do you, I mean, do you just straight out advise just cash for flipping a house?

Yes.

Okay.

And here's, there's a lot of reasons why, okay.

When you use financing to purchase a house that you're going to

flip, you're not as careful as when you use money out of your bank account to purchase a house

to flip. When you are using financing to do the renovation on the flip, you're not as careful

as when you're pulling your stinking hard-earned money out of your checking account to do the

renovation, and you end up spending more on the purchase, more on the renovation, thus your

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