All Forum Posts by: Nick Calamia

Looking for an investor friendly contractor, that wants to build a long and prosperous business relationship!!! My Uncle and I are proven realtors and flippers in the Central Phoenix Area! We currently have 3 projects going right now and have completed 3 within the last year. We are looking for someone that is a go getter like us and looking to do big things within the coming years! We have access to a lot of funding as well, so we are really looking to take on major projects with the RIGHT contractor.  Please reach out if you think you are a match or know of anyone! Thank you!!

@Stephanie Barthelemy I would advise getting a solid property manager! That will make or break your investment. It could be the reason why you don't cashflow with dozens of headaches, non responsive texts back, even severe stress! A good property manager will make the investment as passive as possible for you which I am sure is the goal for you guys! I would also suggest contacting property managers ahead of the purchase because it will tell you a lot about the quality of tenants you can expect for the area if property managers are turning down to manage the property!!

Always leverage never pay 100% cash, unless your using it as a strategic tool to pull in a discount in the front part of the deal! Should still be refinancing it out right after to keep the money moving! 

@Jelani Fearon I would firstly look into asking for Seller concessions, this would help a lot with closing costs straight out of pocket. 2nd, depending on DTI some lenders will allow a personal loan to be taken out to cover short funds for closing. If this is allowed by your lender, you can than ask if they can wrap a couple months of mortgage payments into the loan, this will now give you a couple months to pay back the small personal loan before your mortgage payments start. Just a different take on a possibility! Many ways for creative financing!

Would love to help! 

Learned from @Joshua Dorkin  Build it...and they will come! Been involved with Biggerpockets for about two years and crazy to see the growth of this site. It is awesome to interact and meet with other like minded individuals looking to create wealth and dictate life on their own terms instead of suffering by being trapped in the rat race! Thank you Josh, for you have created a  great site here!!

@Seung Oh Hey Seung! The Phoenix market is a perfect avenue for you investment wise. Rents are on the rise year after year and there has been building all over town with cranes going up left and right with no signs of slowing down. If interested DM on the side our team would love to help you out. As investors ourselves we are always looking out for others like minded! 

@Jo W. Hey Jo! I would definitely get a lawyer who is experienced in the field,a lot of crooks out there trying to make a quick buck. You said the property is in Belmont? Out on Long Island? 

Great info! I always try to keep my buyers informed as well about all the financial strategies of them getting into a home with little to no money. Especially when upfront down payments are hefty for the higher price range and one wrong financial move could cripple somebody. Helps keep more cash on hand for other investments, repairs, emergenices, etc. Always good to use best possible leverage that makes sense!

Commercial in Phoenix! Rents are finally catching up to home prices for big $$$