Hey hustlers! If you’re juggling a full-time W2 job and dreaming of a real estate side business, this episode is for you! Karl Skrypak, a licensed realtor in Pittsburgh and high-income professional, shares his down-to-earth journey of flipping houses while working his day job. 💼🏠
He explains how, in a high-interest rate environment, he pivoted from traditional bank loans to raising private capital by leveraging his 10+ years of real estate experience and solid resume. 🤝🔥

Key Insights from the Episode:

1️⃣ Funding & Financing Strategy 💸
• High-Interest Challenge: With steep interest rates, Karl found traditional bank loans limiting.
• Raising Private Money: He turned to his network—friends, family, and high-income peers—to secure private capital.
• Building Trust: By showcasing his decade-long success, he built the credibility needed to attract investors. 🤩

2️⃣ Deal Structuring & Execution 🏡
• Investor Protection: Karl structured deals so investors held a first lien position, ensuring their funds were safe. 🔒
• Hands-On Management: Despite a busy job, he dedicated his weekends to managing renovations. Using simple tools like Google Drive and even 0% credit cards, he kept track of expenses and draw schedules efficiently. 🛠️📊
• Learning from Setbacks: He openly shared how one flip cost him around $10–15K, but he prioritized returning every penny (plus interest) to his investors. 💪📉

3️⃣ Market Challenges & Exit Strategies 🚀
• Controlling the Controllables: Karl highlighted that while interest rates and buyer’s market conditions can be unpredictable, you can manage construction timelines and budgets effectively by sticking to in-stock materials and avoiding special orders. ⏰🛒
• Multiple Exit Paths: He stressed the importance of backup plans—like converting a flip into a rental if needed—to navigate shifting market dynamics. 🔄🏠
• Staying Organized: His disciplined approach with systems and digital tools ensures nothing slips through the cracks. 📝✨

4️⃣ Coaching & Advice for New Investors ⭐
• Network & Hustle: For anyone starting out, Karl recommends leveraging your day job’s steady income and network to build credibility and secure funding. 💼🤝
• Authenticity is Key: He advises being true to yourself—don’t try to please everyone. Your authenticity will attract the right partners and opportunities. ❤️
• Set Big Goals & Track Every Dollar: From establishing ambitious targets (like flipping eight houses in a year) to maintaining detailed records, organization is your secret weapon. 📈✅
• Book Recommendation: Finally, he suggests reading Leaders Eat Last by Simon Sinek to understand the power of trust and leadership in business. 📚✨

Karl’s journey proves that even with a demanding day job, you can succeed in real estate by leveraging your network, managing finances smartly, and planning for every eventuality. Ready to start your side business? Embrace the hustle and secure your financial future—one flip at a time! 🚀💰🏠

00:00 Introduction to High Interest Rate Environment
00:18 Pivoting to Private Capital
01:01 Welcome to the Moonlight Real Estate Show
01:33 Navigating the Current Market
04:17 Understanding Hard Money vs. Private Money
06:32 Strategies for Successful Flips
12:32 Coaching Round: Expert Advice
18:49 Final Thoughts and Book Recommendation

#RealEstate #SideBusiness #W2Income #InvestSmart #PittsburghRealtor #FinancialFreedom ✨🔥🤩

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