On today’s 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.
Anthony and Anton Downing are two firefighters who also happen to be real estate investors with a unique insight (and a couple of hacks) into a beginner-friendly way to invest in real estate, the FHA loan.
These twin brothers share why they got into real estate investing, why it’s important to not get caught up in the hype, cheat codes to investing like a real estate boss, and dealing with the hassles that come with real estate investing.
If you are thinking about real estate investing but looking for an alternative investing strategy (with federal government support) or need tips on how to improve your “rehab and flip” business, these two firefighters have plenty of advice and inspiration to get you started in the right direction.
Get in touch with The Downing Brothers at their website TheDowningBrothers.com.
What You Will Learn
- 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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Today’s show is sponsored by Fetch Rewards. Fetch Rewards offers users free rewards on groceries, just by scanning their grocery receipts! Listeners get 2,000 points when they use the code HNHM after signing up and scanning their first receipt.
