All Forum Posts by: Steve Kontos

@Charlie Haa

That's something that is determined by your specific financial situation.  There are great opportunities right now you just need to see what makes the most sense.

I have been investing in multi-family apartments and it has worked well for my situation.  Cash flow and appreciation are the two pillars required for my specific goals.  Best of luck!

@Christopher Taylor

Wells Fargo was good about that.

@Leonardo Hernandez

Invest, invest, invest.  You need to look at your financial situation and decide what specific type of real estate investing makes the most sense.  

@Eric Long

Yes sir it definitely is of benefit.

@Alyssa Feliciano

Try to stick with landlord friendly states.  That is how we built our out of state portfolio. Investing in those types of states helped mitigate some of the risk when investing far away. Also its about building a good team on the ground and being on top of your game in terms of traveling and calls.  The more involved you are, the more people will work harder for you.  Best of luck!

@Ryan A.

Purchasing a single family house to live in is a liability (at least until you pay the mortgage down and can leverage it to buy investment properties).  I highly recommend investing in multi-family properties that will generate you an added stream of income.  Spend the next several years building this foundation until you are at the point that at least SOME of your future mortgage payment on a house you live in is covered by your cash flowing investments.  We're not even talking about other ways you can use leverage to purchase as well.

Sorry this is a loaded topic but hopefully this was helpful.  Best of luck!

@Josiah Patrick Zebarth

When I was younger I used to think it was about making a lot of money.  Now that I'm older (and hopefully wiser) the why for me is about leaving behind a legacy for future generations.  I love real estate investing because it allows me to build on my legacy while also helping others grow theirs.

@Adam Blachnio

In answer to your original question.... different strokes for different folks.

I am born and raised in NY and I can tell you I do not invest here (outside of an occasion couple of small deals that fell on my lap).  The numbers make absolutely no sense where I am and it was a great decision to invest out of state.  With proper systems in place and good teams you can acquire great performing assets.

@Zachary Giles

I'm going to respectfully disagree.  When people wait for the "ideal time" in real estate, often times they end up not getting where they need to go.  There never will be the perfect time to buy, it's about taking action.  I personally used debt to purchase performing assets and to this day still do that.  Its all about discipline and creating a fluid system in place where one hand washes the other. 

Of course this doesn't apply if your debts are extremely high and currently a hinder on your finances.

@Stephen Brown

At a young age leveraging can be a phenomenal way to grow or even begin your real estate business.  It does however involve a lot of discipline and strategy.  I myself started my real estate journey at an early age using various ways to leverage.