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All Forum Posts by: Mack Braun

Mack Braun has started 6 posts and replied 19 times.

Post: Looking for home flippers in Rapid City, SD

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

Hello Everyone! I am looking to get in contact with anyone who is actively or looking in to flipping homes in the Rapid City/Black Hills area. If you are flipping homes or know anyone that does in the area, I would love to get in touch. Thanks!

Post: Is college necessary?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

@Taylor K. that is something that I should definitely look into! thanks!

Post: Is college necessary?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

@Joe Splitrock I completely agree that unfortunately a college degree doesn't seem to mean what it once did. College is probably the safe route and I might as well finish up. Thanks, Joe!

Post: Is college necessary?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

@Account Closed. thanks, Rachel! Super insightful.

Post: Is college necessary?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

@David Lee Hall, III. I agree that college may provide a safe route while investing on the side. I have been struggling to come up with entry level opportunities in the field that pay a reasonable salary. If I go back to school it will most definitely be a a business degree of some sort. I appreciate the advice!

Post: Is college necessary?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

@Brian Ploszay great advice. Thanks Brian!

Post: FHA loan, is there any way around the owner occupy 1 yr rule?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

Hi Alley! This seems like it might be helpful. I found it here... https://fha.co/blog/fha-loans-... 

Post: Is college necessary?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

Hello all! I am currently taking a year away from school to explore my options in real estate and whether or not those options would require a college degree. I do enjoy school, but after two years of accumulating debt, I am struggling to see how it will help me with a career in real estate investing. I am not opposed to taking a different route then my peers are, but I can't get over the idea that college is a must for success. Over the past 6 months, I have been listening to podcasts, reading, and spending time on the BP website, and I can truly say I feel like I have learned more useful information than I have in my previous two years of school. I am starting to believe that the time money and time spent earning a degree might be better spent learning through doing. I am looking forward to hearing some opinions. Thanks!

Post: BRRRR method initial cash

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

Hello all. I am new to the real estate investing world, and I have a question on the BRRRR method. I am reading David Green's book on the matter, and he suggests that when using the BRRRR method you should save up or find another way to buy the house with cash up front. This way, you can refinance after adding value to the house and regain your capital. I am wondering what is stopping you from obtaining a loan to buy the house initially and then in a similar manner refinancing after the value is increased to again pull out your capital. I am confused as to why the second method isn't valid. I really appreciate all of the help in advanced. Thanks!

Post: Age, how many rentals, and type of rentals?

Mack BraunPosted
  • Wholesaler
  • Sioux Falls, SD
  • Posts 20
  • Votes 10

I am 20 years old just starting out my REI journey and currently own zero properties. I am trying to figure out my plan on how I am going to get started with my first property within the next year. I am so ecstatic that I have started to realize the power of real estate now and not later!