All Forum Posts by: Steve Kontos

@Roberto Westerband

@Rich Becker

Citizen's Bank is a portfolio lender.

@Account Closed

I completely agree.  This is why I invest out of state.  The numbers just don't make any sense here.

@Eric Hyde

My entire company is based on out of state investing.  I live in New York and couldn't afford to invest at the time.  My money just went so much further compared to New York.  Fast forward 10 years and I am still sticking with the same formula.  

My best advice to you is to work with someone who has succeeded at doing this type of investing.  Best of luck!

@David Dachtera

I couldn't agree more.  In today's world, there is so much more accessibility to funding.  The "save and buy" method is a stale one in my opinion.  Any major company you can think of always uses some sort of leverage to grow.

@Jared Saunders

Very very inspirational story.  To take all of that drive and succeed in such a short amount of time is simply great!  Always stay humble (which it sounds to me like you are) and continue to give back so that others can enjoy the top of the mountain with you!  

Best of luck and enjoy the journey!

@Joshua Pagan

Welcome to the BP community!

In addition to the great advice given here, try to talk to someone who has succeeded doing whatever it is you want to do.  You mentioned multiple different types of investments in your introduction which needs to be scaled down to one specific thing first.  Are you about passive income?  Are you about cash outs?  You just need to go through this site and educate yourself on the various types of investing and see which one fits best for you.

Best of luck!

@Tyler Caruso

Agree with everyone.  Keep everything separate.

@Hana Ra

If you want feel free to PM me and we'll discuss from there.  Yes we are an active group that invests in out of state apartment complexes.  

@Isiah Ferguson

I wish it was that easy. Creating a system in place does not stop people from taking advantage and breaking the law; especially in areas where it's rundown. You mention that "I see with very low purchase prices the ROI can be really high". You are assuming that every single variable goes exactly as planned. If that doesn't even happen in C neighborhoods, you can imagine what happens in D.

I understand where your coming from but just keep in mind that there's a lot to consider.

@Andrea Alexander

Welcome and best of luck!

I started by leveraging my credit.  I found that with this method, I could get it fairly quickly and be able to purchase my first deal.