All Forum Posts by: Antonio Cucciniello

@Zachry Keaton Smith 

First off, the best time to invest was almost always yesterday. The second best time is today.

Every day you are not investing, you are losing out on appreciation, tax benefits and cash flow.

I know how it feels to not know anyone who has invested in rental properties. It makes it seem more unattainable. 

Here's a 6 step process I recommend:

1. Set your goals. Determine exactly what you are trying to accomplish.

2. Pick a Strategy and master it. You did this already by picking rental properties.

3. Pick a Location to invest in based on data. Most investors just buy where they live, or buy a place they think is good. That can be good or bad, instead, look up the data about multiple towns and pick the best ones.

4. Get your financing in check. This means you will call up a bank, get a preapproval, or get the action items you need to get a loan based on your situation

5. Analyze deals. Go look at properties, and run the numbers. Master this

6. Make Offers. You may have to make a few but eventually you will get one under contract!

Hey @Nick Hammell I just moved from NYC so familiar with that area. What is your goal with this house hack? Cash flow and living for free may be difficult in those areas. Going a little further out might help (Edison, New Brunswick, Elizabeth, Newark) Higher crime in some of those areas, but the lower price points, with decent rents helps.

In terms of the LLC, if you are house hacking, you won't be able to get the loan in the LLC's name (unless you are putting more than 25% down).

@Dajuan Wortham First off, it is not really investing, unless you turn it into a business.

Second, I think it can be a great way to learn how "real estate works" and does not take too much money to start, while generating cash (unless you are spending alot on marketing)

Ultimately I think the biggest benefits come from this by learning the hard skill of getting off market deals. 

@Adam Gordon Like others have said, you would not be able to do that. I believe the requirement is 60 days within buying the property (that might be a thing that is lender to lender but not entirely sure). 

Ultimately the best way to find out is by calling a lender yourself and telling them.

Trying to think creatively here, can you offer with a contingency that the leases must move from month to month, this way you can potentially move in after 60 days?

I am not sure if this is possible either, but I am trying to think creatively, what if you acquired it with 25% down conventional or commercial, and then you refinance into an FHA? Just to acquire the asset then recoup your cash. Make sure to take that into your numbers

@Ryan Britt it’s challenging to find cash flow in Austin honestly! I can’t speak for Houston. @Victor Steffen might be able to help you out for Austin as he is helping me.

@Anthony Botticelli and what would you?

@Robert Bird what information were you trying to find?

@Mark Anthony Maninang If you are starting out, you have low experience. The two things you can provide in a situation is usually knowledge and time. I would learn as much as you can, actively look for and analyze deals. Become really good it. 

This way, you need to find someone who has the money and partner with them. There are people who want to invest in real estate but can't invest because they don't care enough to put in the time to learn how. That's who you help.

Think and Grow Rich by Napolean Hill

How to Win Friends and Influence People by Dale Carnegie

These two are life changing^

Hey @Ronak Choksi I recommend that for your first property you don't BRRRR. BRRRR is a combination of a fix and flip. I recommend you do a house hack or rental first. Master that formula and then you move onto the BRRRR. But if you are ok with the extra information and that wont hold you back from starting, then go ahead!