All Forum Posts by: Thomas Santella

Hey @Yoel Peyamipour If you are looking at 5+ Unit multifamily, id recommend reonomy or costar which tends to have the best commercial data out of any platform. Under 5 units is your pick of what everyone has said above, as each software seems to be quite similar and comes down to personal preference.

As an agent, I scrub the tax and property records for data to find off market deals and skip trace using a combination of spokeo (alright) and batch skip tracing (better) and call using mojo dialer. 

Building a network of agents who specialize in sourcing the deals you are looking for and other investors is an additional step you can take to get more deals!

Anyone effectively wholesale and sub to in Long Island NY? Any feedback appreciated

@Andrew Freed how do you find local meetups? 

@Andy Terra , where is your wholesale business based out of and how are you getting hundreds of leads? Just curious about your business

@Josh McDonnell 250k for down payment and 350-400k for renovation cost. Offering 8% return for until paid off in 3 years. 

I type too fast, good one...

@Nathan Gesner I am looking for a private lender. I did that, bigger pockets lenders aren't willing to lend 2nd position behind a seller finance note. 

I have a 6 unit value add in St Petersburg Florida that I plan to convert into an 8 unit. Have Seller financing on 70% of the purchase price and am looking for a primate lender to be in 2nd position with the down payment and renovation cost. Is anyone interested or knows a private lender who does deals like this?

When did I ever brag? I gave my opinion which I am allowed to do. I only spoke of my investments after you asked. I don't disagree with you, it absolutely is better to have cash investing in real estate and less risky. However, most people don't when they get started and neither did I. It is not a requirement to invest in real estate, many people are successful starting without it and that was my point. Not once did I say it is less risky, which it is. No need to get so but hurt that someone disagreed with you. Congrats on your piles of money. And I am 23, not 25.. 

@Chris Seveney Realtor for under a year yes, but about to close my third rental property with none of my own money. I have two 4 units, and this will be an out of state 6 I am converting to an 8 unit. Many investors doing much more than me in my network, and throughout the BP community, do much larger deals and do them without their own money. Does it help? Absolutely. Is it right for you to tell someone not to invest in real estate because they don't have a lot of money? I don't think so.