All Forum Posts by: Steve Kontos

@Brian Adams

Killing it!  Gotta love it.

Best of luck!

@Isiah Ferguson

If you are just beginning your real estate investing career then no you should not go there.  The best thing to do is start with C class neighborhoods first.  You'll get the best prices and good rates of returns.  It'll be bumpy but works well if you have a solid team in place. 

With D neighborhoods you need to call the local government officials and see what or if they have any plans for the area (ie developments, businesses coming, etc.).  You also need a REALLY good team in place to embrace the problems your going to be facing from time to time.

I hope this helps.  Feel free to PM me if you have any further questions!

@Kyle Lauriano

My company and I invest in apartment complexes out of state.  It sounds somewhat similar to what you are looking to do.  Feel free to PM me if you have any specific questions about the process.

@Kyle Lauriano

As someone who is actively involved in multi family purchases, this is kind of a loaded question.  This really boils down to you and what you are ultimately willing to do.

We would need to know more about you, your partner, and what kind of business are you looking to start?  

Try talking to someone who is successful at doing whatever it is you want to do.

@Jonathan Johnson

You absolutely need an on site staff.

@Elizabeth Wilson

The feeling is very mutual.  We definitely will!

@Nadine Hylton

@Abigail Hollar

Great points Abigail. To further add to your points, banks like to see that you have a certain amount of reserves.  If you deplete and do not have much more sources of liquidity, that will also hurt you in financing a deal.

@James Wachob

Looked like a good time.  I'm in New York and love investing in Tennessee.  A lot of great opportunities.

@Michael Fortier

I completely agree with Deanne here.  You want to be able to protect yourself as best as possible.  Have a good exit strategy in place so if something goes wrong, you can kick them out.

@David Ma

As a fellow New Yorker myself, I would hands down invest out of state before purchasing here.  There is so much more you can do with your money out of New York.  That is why I invested in out of state apartment complexes.  If you absolutely MUST invest in New York, I would look Upstate or parts of the Bronx that are beginning to appreciate in value.  Trust me, New York investing will come also come with headaches as well.