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Updated almost 8 years ago,

User Stats

5
Posts
4
Votes
Michael Loffredo
  • West Islip, NY
4
Votes |
5
Posts

Hello everyone! 21 year old investor from Long Island

Michael Loffredo
  • West Islip, NY
Posted

Hi everyone. I wanted to make take the time to introduce myself. I became interested in real estate when I was about 17-18 years old, and it has stuck with me ever since. I bought my first piece of property in Jim Thorpe, PA in Sept. of 2014. It was sort of an impulse buy since I was very young when I first bought it and was antsy to get into my first deal, but I am making the best of it. Finally almost 3 years later I have an (almost) completed house. I had plans to rent it out as a vacation rental since it's near a few ski mountains and the pocono raceawy, but I am now looking to sell it and find another investment for my money. I consider this project more of a learning experience than anything (and a little extra cash on the side). I also own a residential lot of land in Cape Coral, FL that I may build a house on some day. I am excited to sell my current project and have some capital to work with on my next venture. I love Long Island but for a beginner it does not seem feasible since the home prices are so high and the taxes are some of the highest in the country, and because of that I mainly look out of state.  I hope to turn this into a full time gig that I can rely on as my sole source of income with the end goal of getting into some big time real estate deals. I am definitely still a newbie and have a lot to learn but I will do whatever it takes to bring myself to the next level and I hope BP will be able to help me along!!

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