All Forum Posts by: Kyle Affronti

@Caleb Heimsoth payment protection insurance is what the $12k was already paid to this guy for.

@Caleb Heimsoth PPI is normal right? It's the 1274 that's not normal?

I have a friend who has been in talks with a hard money lender. On a $400,000 Hard Money Loan.

He already received a PPI of $12,000 and now he stated now that my friend needs to pay 6% of the loan which is a 1274 Tax payment.

I've never heard of this.

What is a 1274 and why if it's a tax payment is it due Upfront?

@Matthew Vlasak These meetings still take place at The Spot on the 4th Wednesday of each month. Make sure you reach out to @Christopher Stanis to get access to the Facebook page to stay up to date with announcements or changes to the meeting. Hope to see you at the next meeting!

We appreciate you @Nick Rutkowski!!!

@Skyler Mckinney How do you plan on buying your properties and funding your transactions?

 I do. I currently work full time in the IT industry. I have some flexibility throughout the day with my current job, so it allows me to work some of this as well during normal hours, but I usually focus the rest of my time right after I clock out.

Honestly @Odie Ayaga, 

I'm open to trying them both simultaneously. I really enjoy learning, and sometimes I feel the best way to learn is to dive into it. I'm open to trying it either way, but I rather try them both at the same time so I can really expand my horizons and open doors from the get go. I'm in the process of putting together two wholesale deals right now, with 3 more in talks, and I'm still trying looking into NPN etc... I haven't done anything with NPN yet, because I know there is a lot to learn and a lot of people you need to get to know to find the good deals like relationships with banks and credit unions etc... but we will see how things play out. I did come across a property I'd like to buy and hold and then rent to own to someone afterwards, I need to find the funding for that. So if you know anyone that could assist with that part I'd owe you one.

Thanks for the warm welcomes to BP.

@John Hickey

This was a very interesting read. I hope you get to the vision you seen when you first set out on this venture! I think it's awesome what you are trying to do, cleaning up the neighborhood etc... a lot of struggles along the way but overall it sounds like it's finally on the right path.

@Ryan Ellis

Are you interested in selling the note? If so please message me the rest of the details on it. Myself and my partner may be interested in acquiring the note and dealing with the occupier.