All Forum Posts by: Antonio Cucciniello

@Tommy Dahlborg You are right the first one is definitely the most difficult to start with. But once you get passed that, you will be on your way.

There are a few options for you:

1. You have enough to buy a property out of state. Tons of markets you can get under 100K for a property and have it cash flow. This depends on how comfortable you are with that.

2. You can do a house hack or live in flip: depending on what your goals are. You can use a low down payment live in loan and make an offer with seller concessions and then maybe even using a loan down payment assistance program to help.

3. You get a partner to help fund the down payment.

@Deb Bandyopadhyay That can be a lot to do in your first year but it is doable. It really matters about your access to capital and how quickly you can learn. If you have a mentor that would speed things up, or a capital partner with lots of cash.

@Evan D. you can’t have everything unfortunately, you have to optimize for something!

@Trist Baylon not properties, but at the city level, this way you can compare the cities together to find the best place to invest, I use city-data.com

@Caitlyn Richardson Haha! See there you go. I am right now looking for someone with marketing experience to help me.  I am sure there are other investors out there that would be glad to trade that for knowledge!

@Evan D. Could totally be analysis paralysis. That plagues a lot of beginners (including myself for 4 years).

From your very detailed post, I want to say it is that. You are looking to pick the absolute optimal strategy, instead of using the large sum of capital you have to start investing and see how you like it.

If your goal is to make it as passive as possible, then you would get a turnkey company to send you deals, and use their property management to send you checks. Definitely not BRRRRR or house hacking. Both are a little more time intensive than that route.

@Hayden Done You could not have said it better about how I feel about Brandon's book and most real estate books I have read. Tons of information, just hard to digest.

The way I see it there are 6 steps when it comes to investing

1. Set Clear Goals. What is your goal with investing? Be specific, measurable and tangible with it

2. Pick an investment strategy and stick with it.  What kind of investing you want to do? Most beginners flop between multiple strategies. Pick one that aligns with your goals

3. Pick a location based on data. Instead of picking a location based on emotion or what another investor said, pick one based on real data points. Things like price to rent ratio, property taxes and unemployment rates!

4. Get your financing in order. Can you get a loan from a bank? What do you have to do to get one? Get a preapproval letter

5. Learn how to analyze deals. Master the formula. Practice every single day!

6. Make offers. Go see properties and make offers on the ones that you analyze and make sense!

@Kieran A Kilgour Let me ask you a few things:

1. What would you do with the extra 20K now? 

2. If you don't buy this one, how often are deals like this coming up in your market? $49 dollars for cash flow is not bad if that's the calculation of you while living in it! 

Hey @Christian Coletti!

Welcome, I know the BRRRR Method sounds interesting. Its the one that has the most potential to make you money.

But hear me out. As a beginner, investing can be scary. You might feel like you have to put all this money down to buy your first investment property and hope it works out.

The BRRRR method involves combining a fix and flip and rental investing. Both have their own formulas to learn and master. Both have certain properties that work for either or and makes it more difficult to try one.

I highly recommend you pick one, instead of doing both!

@Joseph Schweizer I run one with a few different other investors.  Its great to have multiple investors with different experiences and backgrounds in different markets give you advice.