All Forum Posts by: Tony Ferrara

Hi Bigger Pockets Community -

I am a new real estate investor, and new to BP.  I am hoping someone could help me make sure I am thinking through all aspects of a potential deal.  

Myself and 2 others are purchasing 26 lots in a development in southern Texas.  The plan is to purchase each lot at $15,500 and build small homes to rent out.  We are estimating $55k to build the homes.  I am also anticipating putting 25% into the project and trying to finance the rest.  My math that is $1.43mm to develop and $403k to puchase the lots.  I used a rate of 6% for mortgage financing.  

We should be able to conservatively bring in $950 per month for rent based on our estimations. I am trying to figure out if my ROI estimations are accurate. I am coming up with about 21%.

Also - should one LLC own all the properties, or should each property be owned by a separate LLC.

Any advice, questions or feedback would greatly be appreciated.  

Hi All -

New to the site and new to real estate.  I am a full time husband, father and own a financial planning business working with doctors exclusively.  I am very interested in getting involved with real estate - however I am not sure the best way to get started.

I currently do own a rental property - it was our first condo in downtown Minneapolis as a couple.  We moved out and decided to rent it vs. sell it.  Probably not the best income property as we purchased at the height of the market - but it comes close to cash flowing.

I am very interested in creating passive income via real estate and see where it goes from there.  Any tips are greatly appreciated and I look forward to getting to know some of you.  My biggest question right now is how to get started in real estate with little funds?  I really don't have a good sense for what my options are.

Thanks!