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All Forum Posts by: Blake M Pursel

Blake M Pursel has started 6 posts and replied 15 times.

Thanks guys! I assumed that would be the unanimous answer I received. I’m just pretty new, and was curious if there were other options. I want to make good use of the money I put in, but I wanna fix things right and make it nice. The area around this house is really appreciating and coming up, and this is definitely the roughest house on the block, so I think concrete is the right answer probably. 

Thanks again for the input and advice!

This is a property I purchased recently that I am beginning rehab on. I am just curious everyone’s thoughts on these stairs? Is there a better route to go than to re pour them in concrete? 
Brick/rock wall runs the entire length of the front of the property 

Post: Can someone explain points

Blake M PurselPosted
  • Posts 16
  • Votes 8

So, is it safe to say that if I’m planning to buy and hold properties as well as keep them until my loan is paid off, that it is in my best interest to avoid a loan that is structured with points? My primary goal in the these loans is maxing out my positive monthly cash flow. 

Post: Can someone explain points

Blake M PurselPosted
  • Posts 16
  • Votes 8

JD Martin, thank you for your reply! Makes better sense. I think I would trying to make it way too deep!

Post: Can someone explain points

Blake M PurselPosted
  • Posts 16
  • Votes 8

Hey guys! New investor here from Leavenworth KS, just west of Kansas City! 
I've acquired my first two rentals this year, and will start the renovations on one of them for my first BRRRR when it becomes vacant January 15th!
I'm looking to connect with local investors, and others from the area that into REI!

Separately, could someone explain to be exactly what points are on a loan, and how they work exactly. 

I’ve been doing a ton of reading, listening to books and podcasts, and scouring these forums. That being said, this is a concept that confuses me. 

All replies are appreciated! 
Thanks!