All Forum Posts by: Joe Bourguignon
Joe Bourguignon has started 8 posts and replied 72 times.
Post: Hard Money/Private Money for Buy & Hold
Joe Bourguignon
Posted
Pro Member
- Investor
- Portland, OR
- Posts 73
- Votes 14
Charles Parrish , thanks so much for all the great info! A lot of research to be done, since I'm still a newbie. So, maybe I'm an idiot but I still don't see how the Front Porch Purchase isn't a 20% discount... If seller was listing for $100k, you'd find $20k worth of repairs to do (later), have home write the check, endorse, and give it back to him. So, you're getting a mortgage for $80k, isn't the seller losing that $20k? OR, is that the point, to find a property that should be discounted because of damage and end up paying less?
I'm thinking of buying a property to hold currently that is a bit distressed, so I appreciate you sharing your experience!
Cheers,
-joe
Post: Fund that Flip
Joe Bourguignon
Posted
Pro Member
- Investor
- Portland, OR
- Posts 73
- Votes 14
@Matt Rodak, I'd also love to hear from some active investors on FTF. I'm thinking of investing and want to hear how it's been going for people. Thanks,
-joe



