What makes a good flipper? And how do we know if we're doing a good job and providing a good service?

In this episode of Growing the Money, Rich Lennon breaks down the role of private money lenders and the value they bring to real estate investors. From understanding how flippers make their profits to exploring the borrower strategy of buying, renovating, and refinancing, Rich explains how lending creates a true win-win for everyone involved.

You’ll Learn How To:
• Aim for a 70% loan-to-after-repair value (ARV) when buying properties.

• Breakdown expenses in a typical $300,000 flip, from closing to holding costs.
• Identify the actual clients of private lenders and how to create a win-win partnership.
• Start building your own private money lending business.

•The difference between the “flipper”  and the “borrower”.

Who This Episode Is For:
• The flipper, as the person who buys a house, does some construction work on that house, forces appreciation.
• The real estate agents as they get their cash flow.
•Anyone seeking financial freedom who wants more control over their money and long-term wealth-building opportunities.

•Real estate investors looking for funding strategies.

Why You Should Listen:

Discover how private money lending creates consistent returns, fuels real estate deals, and builds true win-win partnerships. In this episode, you’ll learn the real numbers behind house flipping, why banks won’t fund these projects, and how you can step into the gap to grow wealth and gain financial freedom.

What You’ll Learn in This Episode:

( 1:19)Introduction to “The Private Money Lender’s One Specific Client.”

(3:39 ) The 70% rule in house flipping and how investors calculate offers and manage risk.

(4:31) A complete breakdown of costs in a flip, including lending, closing, and carrying expenses, and what flippers actually take home.

(5:17) Breaking down the flippers' sales via percentage and their closing cost.

(7:50 ) The two types of real estate investor clients: flippers and BRRRR borrowers, and how each creates long-term wealth opportunities.

Follow Rich Lennon here:
Website: https://richlennon.com/
Facebook: https://www.facebook.com/rich.lennon.121
Instagram: https://www.instagram.com/richlennon92/