Rich has looked at over 8000 houses, flipped 650 since beginning his investment career, and has a rental portfolio of 139 houses and still runs his HomeVestors Franchise…. Where did that lead him?
Rich saw an opportunity and a need in the real estate investing market—Hard money lending with a personal spin.
Today we are going to talk about his personal real estate investment business, the importance of working with brokers for proper analysis of your deals, and having the right people on your team, and his 10 million dollar lending business. We discuss getting "ready to get ready", understanding the process, doing your homework, working with contractors, borrowing from his company, RMAC Lending, and making the RIGHT improvements to expedite a sale when your rehab is finished. Terms covered include Hard Money Lending, a Scope of Work and it’s importance, and working (or not) with Project Managers.
Rich funds 100% of the purchase price, 100% of the rehab costs, and meets with each investor every other month at a minimum. No down payment needed. Check out his website @
www.rmaclending.com for more information on adding Rich and his team to your real estate funding options for your next fix and flip project.
“Sometimes the Best Deal You do is the Deal you DON’T Do” is one of the many great nuggets that Rich brings to light.