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Updated over 6 years ago on . Most recent reply

User Stats

19
Posts
4
Votes
Anthony Yannuzzi
  • Wholesaler
  • Delaware County, PA
4
Votes |
19
Posts

Introduction/New member from Delaware County, PA

Anthony Yannuzzi
  • Wholesaler
  • Delaware County, PA
Posted

Hello everyone! My name is Anthony Yannuzzi, and I'm 23 years old. I'm a new member here at BP. I currently reside in Delaware County, PA (Brookhaven/Aston). With a lot of hard work, I was able to get my Bachelor of Science from West Chester University debt free. Like many others, I stumbled across the book "Rich Dad, Poor Dad" while I was in college studying to be a Physical Therapist. Becoming educated in financial intelligence influenced my decision to not continue my education. 

Most of my real estate knowledge comes from reading a new book every week, podcasts while driving, and online searches. The decision to join Bigger Pockets was a no brainer for me. I'm looking forward to interacting, learning, and building new connections. 

I'm currently developing an actionable plan that will allow me to invest sooner rather than later (recommendations/advice is always appreciated!). With no credit and not much money out of college, I put a focus on building credit and raising capital. In the beginning, I would like to gain experience with wholesaling and single-family flips before transitioning into multifamily/cashflow properties. I'm excited to start this journey. 

I'm open for any suggestions/tips/advice on getting started. Thank you for taking the time to read this and thanks in advance for contributing!

Most Popular Reply

User Stats

567
Posts
460
Votes
Rich O'Neill
  • Contractor
  • Chadds Ford, PA
460
Votes |
567
Posts
Rich O'Neill
  • Contractor
  • Chadds Ford, PA
Replied

@Anthony Yannuzzi the credit may hurt you. If you could buy a small house for say $60,000, put $20,000 into it and sell it for $130,000 that would be the deal I am thinking of. You will probably need more than $10,000 but if you could get someone to lend you the rest and get your contractor to agree to line up their draws with the lenders draws then you can theoretically be into the project for just your down payment money out of pocket. There is risk there because if you can't sell it then you need to make interest payments until you do. 

The point to all of this is that if you get creative you can do just about anything. Approach this as "how can I do this" instead of "I can't do this" whenever you hit a roadblock, of which there will be plenty. 

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