Beginner Real Estate Hacks to Investing Like a Boss with The Downing Brothers

On this episode of The His & Her Money Show, we talk with The Downing Brothers (Anthony & Anton Downing) of HGTV's "Double Down " about flipping houses, rehabbing, and all things real estate.

WHAT YOU WILL LEARN IN THIS EPISODE

• How to flip real estate using an FHA (Federal Housing Authority) loan
• Requirements of the FHA loan
• The business principles behind the side hustle of real estate investing
• Cheat codes to getting faster approval of your loans
• Workarounds to getting more than FHA loan so you can get more cash flow in less time
• The importance of persistence in real estate investing (Very important for beginners!)
• Tips for adding value to a home to increase it's worth
• How do you find the right properties and neighborhoods to invest in?
• Good and bad signs of a good real estate deal
• The "Driving for Dollars" technique to make sure you're seeing a real estate deal from all angles
• Building your real estate investing "success team"
• Successfully vetting the people on your real estate investing team (i.e. contractors, realtors, etc.)
• Building relationships with property managers and the community to decrease the headaches of investing
• Why it's more expensive to buy cheap and take shortcuts when rehabbing a house
• What to do when bad things happen in real estate investing...and how to prepare for them in advance

RESOURCES MENTIONED

• Chicago twin brothers hope their house-flipping pilot gets picked up to series (Chicago Tribune)
• FHA Loans (HUD.gov)
• FHA Loan Requirements for 2019 (Nerdwallet.com)

THANKS FOR LISTENING!

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