All Forum Posts by: Jacopo Iasiello

Hi Josh, start from A-Z means educate yourself first and find connections :)

Hi Maredith, It's great that you're considering leveraging your vested stocks to start investing in real estate! Here are some considerations regarding the tax implications and getting started in real estate investing:

1. Tax Implications: Cashing out stocks may trigger capital gains taxes, depending on factors such as your income tax bracket and how long you've held the stocks. Short-term capital gains (stocks held for less than a year) are typically taxed at higher rates than long-term capital gains. It's essential to consult with a tax advisor to understand the specific tax implications and explore strategies to minimize taxes, such as timing the sale or offsetting gains with losses.
2. Real Estate Investing: Flipping and short-term vacation rentals can be lucrative real estate investment strategies, but they also come with their own set of risks and considerations. Flipping involves purchasing properties below market value, renovating them, and selling them for a profit. Short-term vacation rentals involve renting out properties to travelers for short stays, typically through platforms like Airbnb or VRBO.
3. Getting Started: If you're interested in flipping, start by researching local real estate markets, analyzing potential deals, and networking with real estate professionals, contractors, and lenders. Consider attending real estate investment seminars or workshops to learn more about the flipping process and financing options.
4. Creative Financing and Hard Money Lending: Creative financing techniques such as seller financing, private lending, or using a self-directed IRA can help you acquire properties with minimal cash outlay. Hard money lenders specialize in providing short-term loans for real estate investments, typically with higher interest rates and shorter repayment terms than traditional mortgages. Explore different financing options and determine which ones align best with your investment goals and risk tolerance.
5. Finding a Mentor: Connecting with a mentor can be invaluable in gaining insights, guidance, and support as you navigate the world of real estate investing. Look for local real estate investor groups, networking events, or online forums where you can connect with experienced investors who may be willing to mentor you.Hope it helps :)

Hi Shola, It's great that you're exploring real estate rental investment as a source of passive income! Considering out-of-state areas can offer more affordable investment opportunities, but it's essential to thoroughly research and select the right market for your investment goals.

When evaluating potential investment areas, consider factors such as job growth, population trends, rental demand, affordability, and landlord-tenant laws. Additionally, research the local market dynamics, economic indicators, and property management options to ensure you're making an informed decision.

It's also a good idea to consult with local real estate professionals, property managers, and investors who have firsthand knowledge of the market and can provide valuable insights and guidance. Ultimately, finding the right investment location requires thorough due diligence and a clear understanding of your investment objectives. Good luck with your investment journey!

Hi Brian, It's great to hear that you're exploring your options for purchasing another owner-occupied property in the East Boston/Chelsea area! Here are some insights into loan types and potential programs that could be advantageous for your situation: 
FHA Loan,Conventional Loans with Low Down Payment,Local Bank Programs,Grants and Assistance Programs,When exploring loan options and assistance programs, it's important to compare the terms, eligibility requirements, and overall costs to find the best fit for your financial situation and goals. Working with a knowledgeable mortgage lender and real estate agent who understands the local market and available programs can also be invaluable in guiding you through the homebuying process. Good luck with your home search!

Hi Noah, it simply fear of the unknown hehe :)

Hi Ion, it sounds like you're on the right track and have a solid plan in place for growing your real estate business. By staying proactive, building strong relationships, and remaining adaptable to market dynamics, you'll be well-positioned to capitalize on opportunities and achieve success with your BLBURRR strategy. Best of luck on your real estate journey!

Hi Justin, Welcome here! :)

Hi Matthew, Remember, navigating legal issues with tenants can be complex, so it's crucial to proceed cautiously and seek professional legal advice when necessary. Additionally, maintaining clear and open communication with the tenant throughout the process can help facilitate a resolution.

Hi Jihan welcome here! :)

Hi Nicholas welcome here! :)