All Forum Posts by: Steve Kontos

@Bryan Hancock

It has always been shown since the very beginning that it was only a matter of time before labor income would take a nose dive.  This is a direct result of globalization.  Many of the labor intensive jobs are no longer here.  People in America who are on the Capitalist side of the spectrum tend to fair well nowadays.

Nice chart!  Love Texas by the way.  I was there with my wife last year (we were by Dallas).

@Lane Kawaoka

Best of luck Lane.  Just make sure you are properly equipped to divulge into your next steps.

@Cliff Harrison

Congrats Cliff.  I remember going through the same thing when I left Corporate America.  Leaving the job and growing your business is an enlightening experience.  Just keep in mind though, it's all on you now.  Stay on top of your projects and keep growing not just by buying, but by networking with others so you can grow to even bigger deals.  Enjoy the ride!

@Ryan OMalley

I leveraged my credit cards to purchase my first investment property which was a duplex.  I also partnered with individuals who were strong where I was weak.

Try to map out what type of property you would like to start off with.  Keep it small initially this way when you make mistakes the first time around, it doesn't cost you an arm and a leg.

@Terry Wyche

Any way we can help you on your journey just ask!  I actually have an apartment complex by Durham.  

@Trevor Carver

I used my credit cards.  Their easy, require little to no work to use, and have great promotions. I love my cards.

@Tyler Silver @Andrew Steiker-Epstein

I currently live in Queens.  Be aware that the markets in Brooklyn do involve a lot of time and money.  What I did when I started out was buy real estate out of state which then in turn gave me more capital to buy something here if I chose to.  To be honest with you, your money just goes a lot further outside of New York.

Regardless best of luck!

@Account Closed

I live in Queens but I only invest out of state.  It made more sense for me personally because your money goes a lot further out there then it does here.  Once your portfolio grows, along with your knowledge, then come here.

@Account Closed

Welcome sir!  I got my start in Pittsburgh.  We have a portfolio over there and it seems the markets are doing very well.  Best of luck and if you have any specific questions, just let me know.

@Trevor Carver 

I have a different take on this topic.  To be honest with you when I started out, I had no money to do deals either.  I decided to leverage other resources instead.  In my specific case, I had great credit and leveraged that to get into my first deal.  I also partnered with someone who did have some money on the side. The old school mentality that you need to save and then buy is exactly that...old school.  In today's world there are various ways to get into a deal.