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Competitive Markets, Million Dollar Deals and the Private Money to Get it Done with Dan McCutchen

Jun 7, 2017

Dan McCutchen thrives in Washington DC, one of the many places investors usually don’t even dare try to market. Back in 2008, Dan founded Helpful Investing with his partner Marcus, a company that buys, sells, and rehabs properties in the Greater Washington D.C. area. He started the company being in debt with over $100,000.00, but his business eventually grew, and he has been crushing it ever since.

Today, Dan talks about how he makes a living from the Washington DC area, why he no longer does the traditional fix and flip, and why he insists on establishing healthy relationships with investors.

 

“This business is a risk and reward business; you take more risks and there tends to be more of a reward.” – Dan McCutchen

 

On Today’s Episode of Flip Talk:

  • Why he shifted into condo conversions over fix and flip
  • His timeline on condo conversion projects
  • How scaled his business and found the capital
  • His story on "getting knocked out" in 2014 and the lessons he learned from that experience
  • The importance of establishing rapport with investors
  • How he and his community in Facebook supported a student's situation
  • Why you should always learn how to use tools right at the start.

 

Larry’s Tips for Getting into Real Estate Investing:

  • If you make a mistake, your reputation in this business will be talked about by everyone else in the industry.
  • Treat private money with respect.

 

Resources Mentioned: 

 

Reach Out to Dan McCutchen:

 

 

 

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