Finding good properties only accounts for 50% of your success. The other 50% revolves around buying good properties.
In Money Buckets: The Millionaire’s Secret to Fix and Flipping, I share key strategies that top real estate investors use to fund their properties, avoid expensive misteps, and live their dream life.
Using 35 years of experience, I show you how to master the Two Pillars of real estate investing, avoid Costly Stumbles, and fill up your Money Buckets so you never have to worry about running out of cash.
Whether you’re a first-time investor or looking to take your fix and flip business to the next level, this book provides the tools you need to grow your wealth, lower your stress, and reach financial freedom.
Millionaire investors don’t wing it. They WIN it. Now you can, too.
Why You Need Your Money Bucket
With Your Money Bucket, you never need to wait on a lender’s approval or chase down financing. You’ll always be money ready. That means you can:
- Secure great deals ASAP
- Avoid lender draws holding up your project
- Ensure contractors stay paid and on your job
- Order materials BEFORE you need them
- Cover unexpected overages without halting progress
- Stage properties for fast sales
- Keep your business rolling, uninterrupted.
In other words, maximize profits on each property.
Types of Money to Fill Your Money Bucket
- Cash/Savings: The simplest option, these funds are immediately available in your bank account.
- Lines of Credit: Flexible and accessible, they work like credit cards but with more substantial limits and lower rates.
- Credit Cards: Perfect for covering materials, contractors, and day-to-day expenses. (Preferably business card, not personal cards.)
- Real Other People’s Money (ROPM): Leverage investments from family, friends, or others seeking better returns.
- Partner: General public who has money and wants to invest in real estate without doing the work.
How Much Should Be in Your Money Bucket?
Your Money Bucket should hold 20%-40% of your total project costs, including the purchase price and rehab expenses.
These funds must be instantly available with no hoops to jump through. Immediate access ensures you’re ready to tackle any challenge or opportunity without delays—because delays kill deals.
Why Having This Bucket Saves You Money
Even if you don’t use these funds, simply having them gives you peace of mind and flexibility.
Without this safety net, you risk losing deals, stalling projects, and facing expensive delays.
Your Money Bucket is CRUCIAL for Covering:
- Percent of Purchase Price
- Percent of Rehab Costs
- Escrow Funding Delays
- Unexpected Overages
- Closing Costs & Reserves
- Payments & Carry Costs
- Other Expenses
Real estate investing success hinges on flexibility. Having multiple sources of funds ensures you’re always prepared.
The Bottom Line
Your Money Bucket isn’t just a backup plan. It’s the foundation of your fix and flipping success. With this bucket in place, you’re ready to:
- Act fast on great deals.
- Avoid costly delays.
- Keep your projects moving at lightning speed.
Remember, the key to success is preparation. By filling Your Money Bucket, you’ll unlock your potential as an unstoppable force in real estate investing. Don’t wait—start filling Your Money Bucket today!
