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All Forum Posts by: Aaron Junck

Aaron Junck has started 24 posts and replied 377 times.

Post: Podcasts

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

I suppose that works. Sorry I guess I am computer illiterate :) . I was looking for the EASY button lol

Post: Podcasts

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

@Brandon Turner @Joshua Dorkin  I just listened to another great podcast and wanted to share with a business partner, that is not on BP (crazy, I know) , and I didn't see an email option. I only could post it to FB and tag them in it. Is there a way to email these?

Post: New Construction - Mixed Use - Obtaining Financing?

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

Is it possible that you partner with a builder. You already have your end of the deal. Just need a builder. Talk with a few and get numbers from a few on the same building and then you can try to compare apples to apples as much as possible. Plus then you can valuate who is bringing what to the table. 

Post: Pay back student loans or flip a house?

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

Being debt free is great for a personal financial standpoint. However, having no money at all and having no debt or assets,IMO, s*cks. Been there before and I rather have a good amount of cash in my safe than 0 debt. 

By no means have a ton of debt and a ton of cash , that is just throwing away money. But, you should have some sort of cash reserves always. You will have to be the one that decides how much that is. It may be $200 or it may be $100,000 . Whatever it is that lets you sleep well at night . If your a high risk individual (like myself) then I would rather use cash to acquire assets that pay for my toys. Need something to pay for depreciating assets other than me going to a JOB. 

Post: I've Been A Member A While, But This Is The First Time I've Introduced Myself

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

Welcome @Pierre Clark Wow how lucky are you to be able to find a JOB that lets you get to learn both sides of the deals while making money and helping people. So Awesome!!

Post: Pay back student loans or flip a house?

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

It sounds like the student loans would be paid off completely, correct???

I personally wouldn't pay them off bc I like RE and feel that if I can have both, then I want both :) Meaning if I could buy RE, or any other investment, and have that pay off my student loan for me from the cash flow , then that to me is "killing 2 birds with 1 stone".

Post: How to explain to your seller needing access to the property before closing and assigning the contract

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

As far as you not the one that closes. Why don't you say it may be you or your business partner at the closing... 

Post: KITCHEN ISLAND SIZE - THOUGHTS?

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

@Lynn Currie That looks pretty cool. Any idea on price difference vs a modern quartz?

I assume you had that manufactured locally? 

Post: KITCHEN ISLAND SIZE - THOUGHTS?

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

@Karen Margrave . Sorry I have not. I heard of concrete overlays, but have never done one. They sound crazy heavy. Plus in my head concrete is porous and almost always cracks. Therefore, I never looked into them any further. 

Sorry , no help here :(

Post: First time home buyer flipping a house 15 year vs. 30 year loan

Aaron JunckPosted
  • Real Estate Investor
  • Sioux Falls, SD
  • Posts 415
  • Votes 84

But... on the same token your looking at a PI payment of $331 VS $222  so IMO its not a big issue either way.

I would just be curious on how much money your going to have to keep putting into a 48k house. Around here that won't get you much at all , other than a property that will need constant repairs and upkeep. You may want to consider a little more updated home that doesn't have any major updates needed (HVAC, Roof, Plumbing, Electrical etc). That is, if this one is in need of those major updates.