All Forum Posts by: Nick Peraino

I have spent the last 18 yrs of my life as a musician, living hand to mouth. After much careful consideration I've decided to invest in RE. Conveniently, after making this decision, I received a check from the IRS. I want to use some of it for my direct mail campaign. My question right now is... Do y'all think $1,000 over 6 mos ($167/mo) is going to yield reaults here in Pensacola FL? Podcast 77 and 81 focus on wholesaling/marketing. Michael Quarles suggests 10% call rate, 2% of that 10% may close ...I think, may be off a hair on those rates. So I should expect 100 calls over 6 mos and to get about two deals. Any insight or suggestions on the marketing or even on my newfound situation of having a workable budget for the first time in my life and mountains of motivation welcome!!

Here is a link. Hopefully the link works. The analysis has a low offer on the listed prices to make the purchase profitable.  Thanks in advance for your opinion on it!

Analysis

@Teri S. Don't see it in the app on my phone. 🙄 I'll try from the computer.

@Teri S. Gotcha! OK so how do I share my pdf analysis file on BP? I don't see an option for attachments in messages. Can I post it somehow in the thread? Is that allowed? Is there a forum dedicated to this?

@Teri S. Thanks so much for ypur reply! I have been using the BRRRR strategy since I mostly understand it and recently saw Brandon's awesome webinar. I would HOPE to be using OPM. And a refi after 12 mos. Would I be able to share an analysis I did with the BRRRR calculator here on BP? Or message it to you?

Newbie here. If my immediate area, 32506 in Pensacola FL, doesn't even come close to the 2% rule (rent/value) then I shouldn't be starting here, correct? I'm using the BRRRR method, and median rent is about $850 for a 3b/1b. Most homes I'm finding, including in general a 20k rehab, are around 65K. Am I crazy to focus on this area? Or are these sellers crazy?

Originally posted by @William Allen:

@Nick Peraino, welcome to BP and hopefully I'll see you at one of the local REIA meetings!

 You're local...awesome!  I've reached out to Pensacola Investors Guild but haven't heard back or got anyone on the phone.  Please let me know where to find out about said meetings, any related websites etc...  I'll try calling you tomorrow for a quick chat. Thanks in advance William!

Originally posted by @Bob Razler:

Welcome @Nick Peraino !  

Congrats on your decision.  ABC's & RDPD are both great books.  I also highly recommend LOOPHOLES OF REAL ESTATE.

You have plenty of options to start investing, even with little or no money.  You will find plenty of info here!

Bob

Thanks Bob. Could you tip me in the right direction concerning options? More specifics appreciated.

Originally posted by @Caleb Heimsoth:

As a recent beginner myself, I'd recommend starting with single family and slowing working up from there

As primary residence? Or asset? I figure if primary a mortgage around here is less than 50% pf rent. However, no one but me is gonna wanna invest in my primary...and I have about $1000. Although my wife has an IRA with a good amount of bread in there.