All Forum Posts by: Stephen Colaco

@Mark Pedroza thanks so much for posting that. 

@Jason Rhodewalt what dates are the meetups at out of bounds? Or is it like every second Tuesday sort of thing? Thanks for the information. 

Hey everyone! My name is Stephen and I live in Sacramento and wanted to start going to a meet up. Does anyone know of any local meetups or would anyone be interested in starting one? Hope everyone is doing well. 

Hey @Brock Mogensen, I have been looking into the Milwaukee area too. Why do you prefer other markets outside of Milwaukee?  

I was about to post this very question and I love that all the answers are here. Are you guys finding good house hacks and good deals on multifamily? I am looking at buying and living in one of the units or rent by the room if it is a single family home. I have been looking on Zillow to find deals. @Michael Ullman, how is the search going? Are the meetups helping? Is there a good network? I am new to this whole thing but I want to learn. 

Thanks for any insights or help. 

Stephen Colaco

@Chris Seveney what do you consider an accredited investor? I have seen a few different thresholds for what different funds consider to be an accredited investor. 

@Cameron Tope Do you feel like it has gotten easier after the first one? Cause I think that with most things that it would get more simple after the first one. I have been adding about an additional 20% on top of my projections. Do you have a general rule of thumb that you add to your RE deals that cushion it? Thank you for your encouragement man. 

That makes me feel better. I have been stressing over the fact that it could put me in an uncomfortable position financially. That is very interesting because I thought it would not be possible. 

I like your mentality. I appreciate your words of encouragement and it makes me feel better knowing that it is not something that could ruin me overnight. Because I am sure you have heard those horror stories and I just don't want to be another one. 

I will definitely take a look at that video. I have been using the investment calculator on Bigger Pockets to get a better idea as to how to do some of it in my head. 

That is a very fair way of looking at it. I just want everyone to stay safe is all.

@Nathan Gesner

Hello BP, my name is Stephen and I am looking to start my real estate investment journey. I have been interested in real estate investing for years because my family has always drilled it into my head that it is a good investment. Well I guess I am finally taking their advice. I have been reading a lot of the posts, listening to the podcast and reading the books put out by BP and the ones recommended by the show hosts and the guests. I am sure that this has been asked before but what has helped you get over analysis paralysis and fear of, "What if I am making a mistake? It is an expensive mistake" or "Can I really do this? If it was so 'easy' why isn't everyone doing it?" I am absolutely going to go through with it and buy but I am just looking for what you all did. Any words of encouragement or thoughts of what helped you with jumping in would be really great.
I am looking to buy in the next couple months because I am transitioning to a new job and a new location, so I want to be wise about where I am buying. I am looking to buy a duplex and house hack it then rent the extra rooms in my unit. I hope you all stay safe. Have a great day and thank you for reading.

P.S. As a nurse, please stay inside so we don't have to meet that way.