All Forum Posts by: Kevin Cardona

I’m still working on obtaining funds for my first investment and the only property I own is my own residence so you can practically call me “right out of the womb” new guy. As the new guy, all I got from this diary entry is “I want to make some quick money. I don’t have a plan or a real reason as to why I’m doing this but the market looks great.” So I guess I can thank you for reassuring me how important a plan is.

Caleb Heimsoth Thanks for info, it's greatly appreciated. And yes, I'm currently listening to the podcasts from scratch. Anthony Dooley Thanks for the info. I'm taking on two jobs and trying to save up but didn't want finances to prevent me from starting as soon as I can. I'm definitely going to use my own money down the road. Jay Dean That was my main concern, whether or not I was able to pull any money from the refinance for the pay off. Thanks for the info.

Hello BP Members! This my first post. After being a member of BP for 2 years and soaking up as much of the priceless information on here as I can, I decided to finally get started on my investing journey. I will be taking the BRRRR route. I've read up a lot on the BRRRR method but one thing I can't seem to understand is where does the money (and interest) to pay back the private investor or hard money lender come from. I know there are rare occurrences of "no money down" investing and that as a new investor, I'll be giving away the majority of my profit, if not all.

Also, I would like to know your thoughts on approaching a private investor. 

Thanks in advance,

Kevin