All Forum Posts by: Al Carvalho

Welcome @Al Carvalho! I'm farily new too almost ready topull the trigger on my first deal and much of the information and advice I've gotten from BP and members I've met with has been very valuable. Good luck and keep us posted on your progress -feel free to ask questions too!

Thank you Don. Keep us posted on how your first deal works out. Good luck to you too.

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You can't make mistakes if you don't get off the couch. Congratulations on your mistakes.

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From one car guy to another... I understand lol In 2013 I sold my 2008 Bullitt with a turbo kit for the same reason. Funny thing is I also got $22k for it!

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Dmitry, Dave, Darren, Rafael and Christopher, thank you for the welcome. I think this place great to connect and reach out to other investors. Thanks for your posts.

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Originally posted by @Andrew Syrios:

Originally posted by @Al Carvalho:

Hey everyone, my name is Al Carvalho and I'm located in Jersey. I currently do not own any properties. My short term can goals can either be cash flow or flips for fast capital. My long term goal is cash flow. All depends on the deal. Syndicates are also ,an option.

To start I'm looking at houses in the $20k-$30k range which means I'm looking outside of NJ. I'm not afraid of long distance properties as long as I have a good management team. I've also read books on Robert Kiyosaki, Russ Whitney, Carlton Sheets and Dr. Dolf de Roos. I'm here to learn and connect with others. Thanks for reading.

Hi Al, welcome to BP! I would recommend checking out Gary Keller and the books here at BiggerPockets, I have found them to be much better than the ones by Russ Whitney and Carlton Sheets. I would also be careful about buying in the 20-30K range, it's tough to make such houses cash flow and there aren't many retail buyers for them, so they are hard to flip. I would recommend considering moving up a price point into the $40-50K range.

Hi Andrew,

I'll look into Gary's book. Yes $20k-$30 can be tricky but it's what's in my budget at the moment. After making some money I'll start looking into the $40k-$50k like you advise. Thanks for the tips and the warm welcome.

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I never heard of them but I'm also interested.

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Originally posted by @Marlon Wilson:

Hi @Al Carvalho!

Welcome to BP community! Just learn and enjoy from what you are doing!

All the best on your REI.!

Hi Marlon,

Thanks.

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Originally posted by @Ben Rutkevitz:

Hi @Al Carvalho,

Welcome to the community. I am also looking for a strong property management company for out of state investment options. Let's keep each other updated on our search.

Hi Ben,

I will do that. Thank you for the welcome.

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All Forum Posts by: Al Carvalho

Al Carvalho has started 2 posts and replied 15 times.

Post: Turnkey properties: The new millennial investment

Post: Newbie from Lansing / Portland, Michigan

Post: North Jersey Newbie

Post: First Property Story: Success and (mostly embarrassing) failures

Post: I lost $22,000 selling a sports car, but improved my net worth $27,500 - my first deal!

Post: North Jersey Newbie

Post: North Jersey Newbie

Post: flipthisrealestatelist.com

Post: North Jersey Newbie

Post: North Jersey Newbie