All Forum Posts by: Steve Kontos

@Tyus Foster

At this stage you should not dive into a deal just yet.  You need to network and see what type of investing interests you the most.  It's during this time you should get to know other like-minded individuals who also share your common interests in investing.  While all this is going on, you will need to be working this way you have steady income coming in. This will also allow you to qualify for mortgages and/or credit which can be used to purchase properties.

@Brent Williams

I watched that along with various videos both men present on YouTube.  I definitely feel like this specific interview was weird.  I think Cardone went into it very guarded and protected.  I felt as though Cardone feels threatened by Belfort for some reason.  While I know their businesses overlap, I'm not sure why that would make Cardone feel uneasy.  At the end of the day both guys are out there to sell themselves and to get you to buy from them.  Took away some great points from their content.

@Christopher Kadon

@Nick C. is right on the money.  This is the time for you to attend various networking events and read.  Build your network now so that when the time is right, you will already have a small network of people who can help steer you in the right direction.  

@Shafi Noss

I totally agree with @Paul Choi

I would meet with two or three different real estate agents during your trip.  Each professional should have at least 15 years or more of experience in the area because I want to speak to those who have been in the game for a while and have extreme knowledge of where the area is going.  I only invest in areas where the local government/communities have good long term strategies in place.  

@Elijah Danielsen

Truth be told while you are BEGINNING to build a foundation for yourself, it's not there yet.  I highly recommend attending various events and network with others who have actually invested successfully.  You can just tell in the tone of your post that you have uncertainties there and by exposing your brand to more individuals, it will help remove some of those uncertainties.  

@Jucando Pereira

You should focus on fixing your credit because cash will only take you so far in this business.  Also I would partner up with someone who has great credit. You need to think about your long term strategy.

@Timur Abdullin

It's funny because at the very beginning of my real estate journey I always said to myself that I would eventually buy in New York.  Honestly, over a decade later after I first started investing out of state and now that I have the means to purchase in New York I absolutely would not.  At the end of the day it's a numbers game and numbers rarely make sense here.

@Roger R.

This all depends on what your overall game plan is.  Do you have any experience investing out of state?  Also have you made your accountant aware about this?  You want to make sure you are executing the 1031 exchange properly.

@Shafi Noss

You need to partner up with a seasoned investor.  When it comes to handling your money let alone someone else's, you need to mitigate your risk as much as possible.  With a lack of experience in multi-family investing, you are definitely going to make mistakes on your own that could have been avoided if you simply joined someone who already had systems in place.  I hope this helped.

@Frank Patalano

Honestly both. I love teaching it and I love growing with others throughout the process.  I'm lucky enough to actually love what I do so that helps.