All Forum Posts by: Anthony Angotti
Anthony Angotti has started 64 posts and replied 1482 times.
Post: If I get my RE license, Will I have to work in an office?
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Account Closed:
I am planning on getting my RE license at the beginning of next yr. What I haven't thought about is, Will I have to work in an office after I get my license or can I continue to work on my RE business from home?
You can and should be able to work from home. I always say that I didn't quit an office job to get another one.
Working from home as an agent is more typically working from car though. Make sure you have a nice data provider for a hotspot since you won't be working from a home office as much as you are working from a coffee shop, lunch spot, or vehicle much of the day.
Post: Construction in PA, NJ, MD, DE, and VA
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Bryant Myer:
Just wanted to see if I could get a gauge or hear people's opinions on whether or not it makes sense to move forward with projects in 2021. I work for a general contractor doing work in the states mentioned above. We have a lot of experience with basically any type of commercial work in these states, but it seems like due to the uncertainty of the election, people have been pretty cautions about moving forward with building. Do you see this continuing after the new year? I'm always looking to help people budget costs for any new projects as I do this for a living, so if you'd like some help with determining costs to help decide on whether or not to move forward with a project, please dm me.
Construction in Pittsburgh has been fine. I think that as interest rates remain low then new construction will continue to be in demand next year.
Post: How Are you Advertising to Remote Workers
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Erin Spradlin:
I've been advising my clients in Denver and Colorado Springs to pay attention to the remote work trend. I am doing so because I believe remote workers will be the next major tenant or buyer pool, and so we need to be mindful of what they want. Here are a few ideas I've had for my clients that are landlords in Colorado or people just trying to sell locally in Colorado Springs or Denver.
- Convert unused media rooms into work spaces
- Remote workers are putting a premium on office spaces; the focus right now on usable work space in the house is nearly as important as kitchens
- A good home office will have strong wifi, noise proofing and a lock
- Sellers and landlords should consider moving bedrooms into the basement- this gives the feel of ending your day. It's dark, cold and isolated from the rest of the house in the basement, which is good for sleeping but not good for working. When you are working during the day, you don't want to feel dark, isolated and cold. Bring the offices upstairs.
Any thoughts on this?
This is mostly decent, but moving bedrooms to basement? I wouldn't advise anyone to do that unless it's a spare room of sorts.
Post: Starting out as a young investor
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Bryant Francom:
Hey Investors,
I'm 17 years old and I love to study business strategy. I really want Real estate to be part of my future, I have been looking into remote investing, and I really like the idea of it. I have some questions concerning real estate investing, I hope that I will be able to receive answers through the forum.
How can I invest in a property when I am 18 without a full time W2 job?
What are the different steps of remote real estate investing, from finding the best place to invest, finding the right investment, buying the house remotely, finding management and real estate agents, and other steps?
Any advice would be extremely appreciated, and I would love to connect with anyone that is willing to help me along the way.
Cheers,
Bryant Francom
Real Estate Investing will not be excessively stressful/risky if you approach it from a position of financial strength. Getting started without a job or solid foundation is a recipe for a stressful time at best and a disastrous start at worst.
So your first step will be to get your finances in order. My recommendation would be to get a job in real estate or start working for someone for free to learn the business. That could be a realtor, contractor, wholesaler, etc. Just start educating yourself and making some money/building credit. Then from there you can house hack (live in half a multifamily building) and then begin to grow from there.
Real Estate investing can be started with no money and no experience, but the best possible way to find success is to approach this from a solid financial footing. That way if things don't go exactly according to plan you can still find your way out of it.
You could also try wholesaling or getting your license and selling properties to make money to being investing. Neither of those are real estate investing, but are involved in the industry enough that you will learn what you need to learn and being to build a base of knowledge that will help you no matter what you do.
Post: Start investing at a yong age
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Adam Hinman:
Hello i am 18 almost 19 I am super into real estate and would like to become an investor but I have no clue where to start I have around 20k saved up I also only make 15-20k a year another thing is that houses around me go for 150-250k i would like to know where to start or what to do first!
As others have mentioned, the best place to start is to house hack. You will save so much money and learn how to invest in a fairly low risk way.
It's what I did and I attribute that more than anything else to being able to grow to nearly 100 units over the past 5 years
Post: Climate of Airbnb's?
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Ellie Ryan:
Hello,
I'm dabbling with the idea of airbnb-ing a future investment property, however I was curious if anyone had any insight on where they anticipate the airbnb market going? With the pandemic showing little to no signs of slowing, I'm wondering if there's any airbnber owners out there that could shed some light into how their business(es) is holding up.
Thanks!
Ellie
It will eventually come back, but for all of these properties I'd consider them first and foremost as a traditional rental property. That's how the properties should be being analyzed, and then use Air BnB as a value add where and while it is viable.
In Pittsburgh the people that I know that were heavy in Air BnB are taking a hit, but most of them were doing air bnb arbitrage and subletting leases (that they could get out of), or did what I mentioned above and because of that have been able to turn them into more traditional rentals.
Post: BP members in Pittsburgh
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Robert Berry:
Hi BP Nation,
Newbie investor from Altoona, PA looking to get into my first rental property. I will be in Pittsburgh tomorrow (11/5) and would love to connect with some of you and talk REI over a cup of coffee or something. Furthermore, I would love to talk with any of you from anywhere who would be so generous as to give me some of your time to talk to me about your markets, tips, tricks, etc. via Zoom or some other means.
Many thanks,
-Rob
Hi Rob! Congrats on jumping in! I was late to this, but if you'd like to connect I'd be happy to.
Post: My first storage facility
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Nate Smoyer:
I’m under contract to purchase my first storage facility.
It’s an out of state deal, though just a few hour drive away.
I’m thinking through all I’ll need to keep in mind and want to consider prior to closing. This facility has some immediate opportunities to improve bottom line. I’m confident value can be increased, but not totally confident in operations/management.
Anyone else doing out of state storage and have any advice of important items to do/not so?
Appreciate it advance.
Also, I’ll share details of the deal once I close.
Cheers!
Congrats on the deal! I've been interested in getting into storage myself so I'm following!
Post: Struggling to find good deals
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Vlad Romanov:
Hi all,
I'm currently searching properties in the Montreal, Quebec (Canada) region. That being said, the numbers just don't add up to what I would expect. A tri to quad-plex would hover around 600-800k in reasonable condition, would require roughly 20-30k in repairs, and provide 20k-30k pre-expense yearly revenue.
I've created multiple spreadsheets, looked at many properties and it just doesn't seem to make sense to invest in a property in this region. Comparably, a house in the suburbs is often listed around 300-400k with similar revenues. There's obviously a difference in vacancy rates and how must the house grow over the years, but is this normal?
For a first-time buyer, how would you recommend to proceed? I've gone over calculations multiple times; now is the time to make a decision.
Thank you all for the valuable resources and contributions,
Vlad
First of all congrats on making the decision to jump in.
Second, have you considered house hacking? Best way to start.
Third, cash flow is only part of the equation even if not considering appreciation (beyond inflation). What are your goals and reasons for investing?
Post: How do you know a "bad" neighborhood
- Real Estate Agent
- Pittsburgh, PA
- Posts 1,538
- Votes 845
Originally posted by @Yusuf Qureshi:
I am reading the BRRRR book, and I am struggling with a simple concept. How do you quantify a bad neighborhood? I feel like this is subjective, and wondering what site or metrics you use to grade a neighborhood.
For example, some might think I live in a rough neighborhood since they live in a nicer part of town or vice versa. I have been looking at the school district and determining if the area would be "bad" neighborhood.
Obvsiouly, there are outliers, but how do you know deceide the neighborhood is bad rather than, "I feel like this is a bad neighborhood."
I don't classify neighborhoods as a whole because there is always variation. However when looking at a street there are a few obvious things like boarded up houses, a lot of graffiti (that is not artistic in nature), needles on the ground, uncared for lawn/walkways, people on porches drinking from brown bags, lots of adults up to nothing during the middle of the day (not working at jobs) etc.
More subtle indicators can be the cars around, not brands, but how well maintained they look. I also look at the roofs on the nearby houses. If they all look really old that generally means a lot of rentals and/or people that don't invest in their home. If around any holiday you can look for decorations. People that don't feel invested in their community don't put up decorations. Paint on houses, if a ton of peeling exterior paint same idea as the roofs.