All Forum Posts by: Andrew Rosenbaum

@Account Closed Thanks for your reply! The terms are super lose. He will fund every single penny of the purchase, rehab, closing costs, etc. I don't have to pay him 12% until after the rehab is done. My plan is to do a few flips, keep all of the profits after paying my investor 12%, and then use my own money to fund BRRRR deals. Would love your input if you have any additional advice based on that info. Thanks again.

So I am an absolute newbie. I'm in the Suburban Philadelphia area where the market is crazy right now and it's so difficult to find a deal to make money on. I'm sure I'm not looking in the right places because of my lack of experience so I could really use some help. I have an angel investor who is willing to lend me money at 12% interest. He has upwards of $1M that he's giving me access to but I have no clue where to start. I hate my job and want to begin investing in real estate ASAP. If you had access to this much capital, where would you start? I know this is an incredible opportunity and my lack of knowledge is the only thing holding me back. HELP!!!