All Forum Posts by: Antonio Cucciniello

@Filipe Pereira Yes, I am looking to acquire as many units as possible right now to be able to leave my job and help beginner real estate investors full time! Its alot of fun!

@Alexandra Chaploutskiy Hey! I personally own 2 multifamily rentals in Ewing and one over in Hamilton. Feel free to DM me about my experience there!

@Damian Ramirez

Hey Damian! I invest in NJ what about you?

@Andrea Weule thank you! It’s in Ewing, NJ!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $140,000
Cash invested: $140,000

I purchased this using cash from a partner who completed a cash out refinance on his property with me as a cosigner

What made you interested in investing in this type of deal?

Multifamilies are hard to come by especially with tenants in them!

How did you find this deal and how did you negotiate it?

I found it on the MLS and we started with a lower offer: they were asking 155K, but because of covid-19 their first buyer backed out and made us the runner up!

How did you finance this deal?

Using Cash

How did you add value to the deal?

Nothing Yet, but planning on doing some rehab to the outside

What was the outcome?

Goal is 900/month cash flow

Lessons learned? Challenges?

Challenges: we couldn't get a CO before the property went under so we had to accept the situation as is with some protections

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My agent and Lender both!

@Stephen Bianes I think its super important to make sure you have clearly defined roles to getting started.

@Jacob Pereira was my real estate agent's there he is also an investor

@Mena Soliman I have looked in Austin as I have been there a bunch, it seems difficult to cash flow from the analysis I have done, but appreciation is there for sure!

@Dave E. I also want to do this, but move it to an LLP I am interested to hear what the situation is so I can do this as well

@John Michael Mattingly whats better 0% of a profit? Or 50% of one?