All Forum Posts by: Alex Shaughnessy

Welcome, KC seems like a great place.

This is a great place. Welcome

I apologize in advance I do not have the right answer for you. However, it does appear that this would be the strategy that I would use

The BRRR usually means youre buying w/ cash and then pulling it out after its rehabbed and rented. Even if the value doesn't go up, you should still be able to pull out about 80% of the cash you put down.

numbers thread. love it

The question you have to always ask yourself is.... "will I be getting higher than 12% on the money I am draining?"..... Im sure that will be the case with your savings account.

congrats. especially in a tough market

Thanks everyone

Hello BP. I am newer and had a question about obtaining private funding for flips. I know most people are getting 7-10% for private money but if a flip is only taking one month how is it paid out?

for example

100k at 7% would be 7000 per year but after 1 month it is 583. so do they get there money back plus 583 or are they getting 7% of there money no matter what. Sorry if this is a stupid question

These are all valid points. I got my policy at 22 years old and understand that it should be properly funded and held for the long haul.