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All Forum Posts by: Robert Amos

Robert Amos has started 1 posts and replied 2 times.

Starting Out

Post: Getting Started in Fix and Flips

Robert AmosPosted
  • Hawthorne, NJ
  • Posts 2
  • Votes 0

We borrowed the money for 8 months. 4 points were due at closing and 14% annual interest.

0 Votes
Starting Out

Post: Getting Started in Fix and Flips

Robert AmosPosted
  • Hawthorne, NJ
  • Posts 2
  • Votes 0

Hello,

I am new to the BiggerPockets community and wanted to get a little advice on starting out. I am from Northern New Jersey and have completed one flip which we broke even on. On that flip we had a hard money lender who we ended up paying nearly $30,000 in interest and fees. I am seeking some advice on the best way to get started, find some cheaper financing options and finding some good properties.

Thanks

Rob

0 Votes