All Forum Posts by: Ricco Pirozzoli

@John Teachout

Interesting, Im not too sure its an old colonial looking house, with three floors. I will have to look into that then.

Thanks.

@Christopher B.

Hey chris,

Yeah Ive been doing odd jobs out here in LA and since I was in my teens managed to save up 60k, so I don’t believe id be able to get a loan. But Id love to connect if you have to help a little bit, any amount of your help is appreciated.

@Scott Ray

Hey scott, thank you for your well thought out reply and I appreciate the time you took to respond. Im actually from Cleveland and have been living in LA, (left home 4 years ago for school out here), ive always wanted to invest in real estate and Im just tired of renting and not building any equity or anything out here with my money. 4th year of living out here and my total money towards rent will now equal 60,000 dollars! Crazy to think about. Anyway thats why i was thinking about moving back home into the studio unit. Thank you.

@Matt P.

Hey thanks matt,

What do you mean? What are some the costs of being in a rough area? Thanks for the response.

Hey everybody!

23 year old trying to get started

I saw this oppurtunity to buy a 4 plex in toledo for 60k, I believe its in a rougher area but it has 3 tenants rented out for a total of $1700 a month with owner paying utilities. Id preferably live in the unfinished 4th unit, I have cash to buy it, Id be using all my savings so pressure is on. But it seems like a no-brainer. My family thinks its stupid and something is up, why would someone be selling a money machine like this? Its rough scary neighborhood, im not from the area and have never bought any property before but Im willing to get my hands dirty and eager to learn and get started. Does anyone have any advice or insight into a deal in an area like this?

Thank you!