All Forum Posts by: Alex Santini

Can the BRRRR method be applied to small businesses?

Thank you all very much for your advice. Personally, I feel very amateur considering investing so boldly into a site like Lending Club. If I had more free time and a lot more knowledge I would go straight for real estate notes, but that's way over my head at the moment. Which brings me to another concern about Peer to Peer lending. There doesn't seem to be anything to learn. Obviously you learn which borrowers to trust and likely notice patterns in those types of people but it doesn't seem like you could get involved or build any type of relationships. 

It's likely I conceived the most horrendous financial plan many of you have seen in a long time, so if anyone would like to save me from my ignorance I would be more than indebted to you. 

In short I would like to take roughly 80k of my own money plus roughly 100k from a bank or other loan provider (at a low enough rate of interest) and put it into Peer to Peer note investments (Lending Club). I plan to do moderate to high risk investments but with this amount of money I'll likely aim for a whole range of loan types to diversify as much as possible. Two concerns pop into my head in regards to the income tax I would have to pay on my investments and my debt to income ratio. I was recently told my credit score just about qualifies me for a mortgage sized loan. Again absolutely any advice in regards to this plan would be tremendously appreciated. Thank you for your time and I wish everyone within this community a long and prosperous future. 

Respectfully, 

Alex Santini

Thank you both very much. 

 Thank you. I was actually interested in Note investing and possibly undeveloped land. 

By the end of the year I am going to attempt to sell a home that I purchased years ago that is currently paid in full. I have a close friend of mine renting the property from me and he has expressed interest in purchasing the property. However I must admit I know nothing of real estate so I don't know what the house is worth or if I'm even renting it at a good price. Point being I have a year to work out a strategy and I think this is my best opportunity for me to learn real estate experientially. Sequentially what would the steps be to begin prepping a transaction?  And in addition what information should I know about the property to become a self aware homeowner regardless of a potential transaction?

I'd like to add that finically I'm not starting from ground zero. Between savings, bonds, credit and potently gutting an IRA I could scrape up about 10 to 12k. However I have hopes of selling a house that I own by the end of the year that I hope to get 70 to 90k for.

Short Question: Which niche of real estate is the most passive?

Details: Throughout a normal day I find my schedule spread pretty thin. I work 1.5 jobs, I am studying screenwriting, and have no education in real estate. All of my education of real estate comes from the bigger pockets podcast and potential any audio books I will acquire to listen to at work. I mean no disrespect asking for the easy way in but I am careful with money and I consider myself an intelligent person who is passionate to learn about anything I find of interest. So I feel with time I could be successful in real estate. But at this moment my time is very limited throughout the week. 

 I currently live in Miami Beach but the property I own is located in Wilkes Barre Pennsylvania. 

Greetings, 

My name is Alex Santini. I'm originally from Pennsylvania where I own a three bedroom one bathroom that I am currently holding and I currently live in an apartment in Miami Beach Florida. I want to be honest and say unlike many of you in this community I have a lust for real estate. My passion at the moment is invested in Screen Writing. I also work a 9 to 5 that I have no desire quitting with the intention of diving head first into real estate. I am here to educate myself and develop a report with members of this community. I currently have no formal education in real estate and the little I do know stems from the 30+ episodes of the Bigger Pockets Podcast. I am interested in becoming a private or hard money lender and in time my desire may grow into becoming involved in the many facets of real estate. In conclusion I extend a hand to anyone interested in developing a report and I wish all of you a long and prosperous future.