All Forum Posts by: Chris Salerno

I am a young entrepreneur. I own a small credit repair company from my home office, I opened a barbershop recently (🙄) and I am trying to think of another/better way to earn cash flow, become an actual owner, and start building and elevating. I have wanted to own property and multi-unit buildings since I was 25, but I never did it. 2020 I am ready to start! Can someone please help me on moving up. how do I start?

Meon, I hope all is well. I highly recommend to read books, listen to a podcast like the mindful multi-family show and watch youtube videos.

As growing a large business myself and speaking from experience. You want to focus on one thing and stay with it. You don't want to start off growing your empire and have so much of your time and money being diversified. Focus heavily on one business or career and give it everything you have.

Good luck and looking forward to your success!

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Originally posted by @Pankaj Sharma:

I haven't been much for reading books on real estate although I've doing it for a while. I'm interesting in finding a great book for the holidays. What's your favorite book about commercial real estate, particularly multifamily? thanks for all your input

Mistake millionaires make is a business book I think you would like a lot. I also like the self-made billionaire effect.

Real estate wise.

I would say @joefairless new book he wrote, investing in real estate private equity, and the big shift ahead.

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Originally posted by @Daniel Lozowy:

@Timothy Douglas @Chris Salerno thanks guys. You are talking IRR? So we're all on the same page

Correct, I am.

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Originally posted by @Tiffany Smith:

Thanks @Chris Salerno! I will check out the podcast. I love listening to podcasts and audio books, really anything where I can learn more about real estate. I am definitely leaning towards multi family, just trying to make sure I know what I am getting into and waiting to finish a renovation on another property so I can hopefully pull some equity out to help finance it! Thanks again, looking forward to listening to the podcasts.

Sounds great! Let me know if you have any questions! I am always here to answer anything!

looking forward to your success.

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Originally posted by @Christopher Deatherage:

Hi All,

I'm looking to start investing in buy and hold properties in North Carolina, particularly the Raleigh or Greensboro areas. This would be a long distance endeavor, as I live on the west coast. Why North Carolina? My wife and I lived in Greensboro for a time and enjoyed it, so we wouldn't mind building a presence in the state and moving back.

Any advice or agent referrals would be greatly appreciated.

Christopher, I live in Charlotte NC. I would love to connect. I would say also look into multi-family investing. That is the way to go when it comes to real estate investing.

Looking forward to your success.

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Originally posted by @Jonathan Yeh:

I've been thinking what people would do (or rather, what's the best thing to do) when they receive a lump sum of money for whatever reason.

Would you...

1. Pay off your primary residence (90-100%), and invest the rest of it in rental properties.

2. Pay down payment (5-20%) to get your primary residence, and invest the rest of it in rental properties.

3. Rent your own place, and invest the rest of it in rental properties.

I'm suggesting rental properties because I'm a buy and hold investor, but do you have any other thoughts in mind? Let's hear it!

Jonathan, I would look to invest heavily in Multi-Family. I think that is and will be the way to go. You will have larger returns, tax benefits, and larger appreciation. Let me know if you have any questions I can answer anything you may have questions on when it comes to multi-family. I would look into multi-family investing if I were you.

1 Vote

All Forum Posts by: Chris Salerno

Chris Salerno has started 31 posts and replied 282 times.

Post: How to find Multi Family real estate deals (online webinar)

Post: What are your goals for 2020??

Post: What are your goals for 2020

Post: What are your goals for 2020

Post: How to purchase first real estate/multi-unit property.

Post: Favorite book on RE?

Post: What kind of returns are you looking for?

Post: From single family to multi family

Post: New Investor Interested in North Carolina

Post: What would YOU do if you have a large sum of money?