Larry Brand of Sprout Mortgage joins Abhi to talk about all the angles, sides, and intricacies of fixing & flipping. Larry has flipped houses for over 20 years and now is mostly involved in the lending arena to fund investors’ fix & flip projects. Abhi and Larry also discuss the effects that fix & flip TV shows have had on how newcomers approach their projects. Other topics include whether or not newbies should start with smaller investments, and acronyms investors should know, including LTV, BPO, and ARV.
The Power Play: Greg Rand’s motto is “Whoever dies with more America wins.” This means accumulation is key—so, naturally, he’s pushed back against fixing & flipping. But Greg has had a change of heart regarding this method of investing, as long as investors have the financial literacy to backup their investment.