All Forum Posts by: Anthony Simboli

Always have a lawyer, and make sure your agreements (50/50 split) is written clearly.

No matter how good your relationship/partnership is always get everything in writing. Even if you've already started, it's never too late.

"bad experiences" are ones that you make more than once.

I've had my fair share of "Well that didn't work out" moments. But as long as I don't make them twice, I take it as a great learning opportunity. 

It definitely depends on what you're looking for yourself. Are you in search for a MF or SF?

Regardless, I think the more important question is around why the percentages are they way they are and whether or not you can see those percentages changing. Are new businesses/apartment complexes being built, maybe new schools? It would also be important to understand what surrounding neighborhoods are doing.

I think a lot of people often forget to look at surrounding neighborhoods and their percentages and how they could impact where you're purchasing.
 

Like @Mack Benson said. Highly recommend the book. Just finished it myself. Great read and some cool tips and tricks for getting started. 

Just my opinion, but not sure what you'd be waiting for? 650 is still a strong score. Depending on what your looking to invest in (short term, buy and hold, flips, etc) I don't see the point in waiting. Scores take a while to increase in my experience. I will say, if you're looking to refinance look into the terms for refinancing. I've been hearing a lot about increased refinance rates due to everything going on with the pandemic and economy as a whole. 

Read BRRRR, and Rich Dad Poor Dad. There is a reason why almost everyone has read them. Even if you take a few points away from each, worth it.

Also, make some time each day to sift through the forums. You never know what you'll read or who you'll connect with

Hi @Jonathan Bombaci. Sorry I was unable to attend on Wednesday. Hope everyone had a great time. Looking forward to future meet ups. Should I continue to follow this thread for future meet ups or is there something else I should be looking out for. 

Thanks for coordinating!

@Marc Winter haha thanks Marc! I have done it in the past and it definitely requires a bit of patience living in there while construction is underway. If I go that route, the goal is to have more than one of the major rooms (i.e. 2+ bathrooms) so if I'm working on one I can still have one to use without a rehab mess. Thanks!

@Cameron Rockwell thanks for your input appreciate it. Seems like we're on a similar path at this point. I'll connect with you and would be good to stay in contact go forward we can share any experiences along the way. Thanks!

Hey BP. Different post than I would normally write however I have been flipping around different ideas for my next move and wanted to get some opinions of others. 

To keep this short for now here's the scenario. 

Been investing since 2015. Duplex, Single family, landlord, property manager, always had roommates/tenants. Both properties expected to close in the next 10-20 days. 

I want to live on my own for a year or two, but having a hard time buying just for myself. My first thought, single family that needs rehab that I can do myself (I enjoy that work and have done plenty, outside major foundation/plumbing electric etc.) I'd be able to live alone, continue to build my rehab skills/knowledge. Refinance/Rent/Sell in a year or two depending on market. So it's like a combo of BRRRR/Buy&Hold/Flip etc!

Who else has been in this position and how did you come to a conclusion

All opinions are welcome and would be happy to provide more info if needed.

Thanks!