All Forum Posts by: Frank Patalano

Starting out in the San Antonio market and having difficulty finding SFHs that cash flow well. Is this a function of the current market? Should I look elsewhere? Or are most investors still investing here despite poor cash flow because of the potential for significant appreciation in the coming years? Would love to hear how others are currently approaching this and nearby markets.

If you're ready to take your real estate investing career to the next level, let's talk! I'd love to discuss how can I help you gain clarity, focus on your goals, and get on track towards success. Let's make this happen!

@Frank Patalano I will have to do some digging and see. We have a real estate attorney we use regularly for our deals but I haven't discussed this with him yet. 

Great question, 

          What holds me back is the lack of funds for a down payment and the thought of my family judging me. I have about 15k, but I have it in the stock market, if I take it out, it will incur a lost and i feel like everyone around me will judge me. Plus, they all disagree with the way I see things when it comes to money.  It also seems like that is not enough for a downpayment nowdays. 

Target area has slim to no deals. Everything up here in Rhode Island is a bit pricey unless you're bringing in capital. I have yet to get a deal in the works from doing some driving for dollars. 

Also getting some blowback from the town on a development project and don't know the next steps to take.

Currently at a standstill and learning as much as I can till a deal comes across the table.

@Frank Patalano - have you thought of lending instead of buying? 

I haven't been able to find a steady supply of good rental investments in Boston (or anywhere else to be fair) that I focused on the lending side. We earn a better cash on cash with less hassle. Don't have the same upside potential however also don't have the issue of falling values and rising costs either. 

I am SO new to this and to be completely honest there's been a lot of paralysis by analysis over the past 4 years. I'm now looking back and shaking my head at where I could have been and I've decided to not let that happen again. I've just put in an offer on a 3/2 SFH that I plan to house hack with a finished basement and an FHA loan. It's also got a pool which I hope will give it more appeal for renters. My biggest challenge is figuring out which calculator to use (or maybe there isn't one) to determine whether this pencils out. I'm only hoping to offset some of the mortgage cost with the rental income for the first year then I'll be looking to do as David Greene preaches and buy another one next year. I'm definitely a late starter but I'm so excited to get things rolling and can't tell you how much the bigger pockets podcasts and website have inspired me. Look forward to sharing my experiences over the next year.