All Forum Posts by: Christopher Settipani

Welcome @Sherita Scroggins, and thanks for responding to my intro post!

Hi @Jason Zullo. I haven't used him (yet, but only because my own paperwork is not in order), but I've heard nothing but good things about Saranto Calamas out in Port Jefferson Station. I heard him speak and talked to him at meetings a few times, and he understands (and invests in) Real Estate.

Hi @David Kosiorek. While I'm not exactly new to BP, I've only just started digging into the forums. I'm also a Queens resident. I was born here, and though my family moved us out to LI, I liked it so much I moved back when I could.

I regularly attend meetings for REIANYC (Manhattan, second Wednesday of every month), REALI (Suffolk, third Tuesday of every month), and LI REIA (Suffolk, second Tuesday of every month). There's also a meeting in Nassau, East Coast REIA. They meet every third Wednesday (I think). There are also other RE meetups in the city.

Reply here or message me if you'd like to know more, or just want to talk about RE investing.

I have to agree. It is hard to do buy and hold on most of Long Island. Another investor I know couldn't sell their property in Huntington, and was taking a monthly hit by renting-to-own it.

I have one SF LI buy-and-hold out in Shirley currently between tenants. I did a nice rehab trying to get a rent-to-own tenant, but given the area, it will likely be straight rent (as was the previous tenant). It's a mostly Section 8 market, but Shirley/Mastic marks the point where the taxes decrease by about 50% from even one town over, making B&H more palatable. I'd like to add two or three more homes in the area, then turn them over to a property manager. We'll see how that goes.

Hi everyone. I'm Christopher F Settipani from Richmond Hill, Queens, NY. I was born in Queens, spent most of my teenage years our in East Northport (Suffolk), NY, and decided suburbia was not for me and headed back to Queens after my stint in the USAF. I'm a novice investor. I have some turnkey SF rentals in the Orlando region in a SD-IRA; I have a SF rental I'm managing (seeking tenant as I write this) in Shirley, NY; and I participate with a group of investors in a pool of 2nd position distressed mortgage notes. In the next two months, using my SD-IRA, I'll be partially gap funding a fix & flip in Hauppauge, NY and purchasing more mortgage notes (again, with a group of investors). While I've been active, I haven't been active enough! I've lost money on some deals (more than I've made so far!) and I need to (a) recoup those losses, and (b) start bringing in more money (via wholesaling, I hope) in order to fund fix and flips and more notes.

I've been a member of BP for awhile, even recently signing up for Pro, and I listen to most of the podcasts, but it is only now that I'm going active (I know, I should have long ago). I'm just starting to try wholesaling, and I look forward to learning (especially from other Long Island wholesalers) what I should and shouldn't be doing. As you can see in my little blurb below, I'm a numbers and Excel guy. I've also literally done hundreds (possibly over a thousand) of Power Point presentations. Those looking to put together good presentations,  or just looking for a proofreader, ask me. 

A little more about me :
I decided to move to real estate from Wall Street. I worked 10 years for the consulting arm of a big 4 accounting firm, helping Global Investment Banks, Insurance Firms, Multinational Asset Managers, and Hedge Funds improve their back office operations, specializing in implementing investment performance measurement systems. Prior to consulting, I worked for a European Multinational Asset Manager handling performance measurement, attribution, and analysis for domestic and international equity portfolios. Before that, I managed back office portfolio operations and accounting for a NY-based Hedge Fund. I'm also a veteran, serving in the U.S. Air Force, based at RAF Chicksands (6950th ESG) near Bedford, UK during Operation Desert Storm.

For those who've made it this far, thanks for reading!