All Forum Posts by: Antonio Cucciniello

@Joseph Pedraza this is exactly what I specialize in:) you are in good hands.

So, usually that fear comes from a few different areas:

1. Thinking that you might make a mistake that will cost you 1000s of dollars on that first property

2. Buying in a Bad area, getting bad tenants and having eviction nightmares

3. Being overwhelmed with all the information in the books out there on the topic.

4. The books, the podcasts and youtube videos out there, don't really tell you the HOW of how to invest. So you are left like where to start

There may be more, if you think its coming from somewhere else, please let me know its helps my research.

Once we dive a little deeper into those, I can potentially help with some things you can do!

@Johnny Potts Congrats on getting started! 

My first question would be does your house cash flow? Have you done that analysis?

Hey @Jay Malaviya I live here in Austin. There are plenty of markets that have small multifamilies. 

For Austin talk to @Victor Steffen he's an investor and understands the numbers.

I also have been looking in San Antonio. If you are looking for something in San Antonio talk to, I have an agent that should be able to help you there!

@Jeromy Jordan I always preach for you to find an agent first. Why? Because you need an agent to look at properties on the MLS (this is how most people start out).

Now, if you have no properties you are looking at, do you think a property management company would want to work with you as much? Likely not. They may answer a few questions, but also after seeing a few properties usually you will have more experience and sound more experienced when talking to them. Which helps as well from a beginner's perspective.

Hey @Chris West

I love the approach! This is something I usually teach beginners. You want to pick a location based on data, not only on what you hear (which is unfortunately what most beginners do!)

I would collect the data for all these factors you described above, narrow down the list to a few then speak to a few real estate agents and property managers in the area.  Use that to make your final decision.

Where can you get a virtual business address? I have never heard of that before, sounds interesting

If that is the case, then most people who have a full time job would be disqualified from getting this!

@Pasha Gorky 

1. Why would an agent want to give you to the good deal? Because you prove to them that you are someone who will close. There are reasons they might not want it, first off maybe they aren't an investor, maybe they don't have the funding, maybe its not the area they want to invest in, maybe its not the return they are looking for, maybe they aren't focused on increasing their rental portfolio right now. Its a combination of: Hey, I don't want this, and you (the investor) have proved to me that you will close, so I will toss you my deals first.

2. MY dad is a contractor for 30 years. He has only flipped one house. My dad never had the money to flip. Maybe a contractor doesn't know how to calculate ARV. Again, tons of reasons why they wouldn't.

@Kahner Delchambre If you love real estate this much, I would recommend you get a job that helps you in real estate (agent, mortgage lender, contractor, inspector) this will get you more experience, get you some more money and some more knowledge. Most importantly it will help build your network!

@Donovan James I am the type of person that asks alot of questions about the numbers. I am always asking how much is it currently rented for or recently rented for, what was paid for by the owner/by the tenants, etc.

Is there anything you think I need to make it rent ready?