All Forum Posts by: Anthony Fresta

How can I analyze the future potential for a buy and hold in a depressed area that is getting a massive build-out/influx of money from a government project (national geospatial agency campus)? Are there deals to be had in situations where a rough area is getting an influx of people?

0 Votes

Saint Louis, Missouri

Quote from @Austin Johnson:

I falsely understood your vision as "I'm going to buy a lake house as my personal residence but its ok because ill also STR it on the weekends". I was wrong, I apologize!

I can't give you the answer. that sounds horrible but its the truth. Real estate is so massive that every person will have their preferred method. that being said, here's my preferred method.
syndications. invite as a passive investor and watch the cashflow come in. this also allows you to leverage large multifamily deals and not worry about finding the deal, finding the investors, etc. plus you can get tax write offs.
I would absolutely buy a house and lake house outside the investment strategy. that goes back to a Rich Dad Poor Dad philosophy. never buy liabilities before you buy an asset to pay for it.

lets pretend you cant invest in a syndication. man, I would look into house flipping now. learn and MASTER that process. create a business of it. grow it. take the cashflow from the business and buy your house, your lake house, etc. or put an extra step and invest in a syndication, lol. any means necessary to create cash flow without having to work.

I like to get my hands dirty but may look into syndication in the future. It looks like I may have gotten things backward...haha. I am going to start assessing whether I should focus on flipping immediately, and put the profits from that into long term rentals. I like to work, so while Im young(ish) I can grind, and as I get older start moving things to something more passive: LTRs). THANKS!

0 Votes

Saint Louis, Missouri

Quote from @Austin Johnson:

hey, fellow missourian!
it looks like you're running 5 ways all at once. the best advice I can give is getting crystal clear on what the end goal is. then find one avenue and go all in on that one avenue. buying 5+ units is one avenue. buying a primary residence isnt an investment, buying a lake house STR is another avenue. flipping a house is yet another avenue. land!
the only thing i would do with a 3% down is house hack (a duplex,tri plex or four plex) or live in flip. I personally wouldnt use the 3% and excuse of STR as a reason to purchase a lake house.

Hey, nice to meet you!

"I personally wouldnt use the 3% and excuse of STR as a reason to purchase a lake house."

I don't really follow that can you explain?

Overall, my goal is simply financial independence from a 9-5 (w/ a single family for me and a lakehouse). My target is 100k/year income (that's more than I need/currently have no debt/very little in the way of expenses etc). In an ideal world, I deploy my capital in such a way tomorrow, that by Thursday I have met this goal; obviously not realistic to find the deals, etc. Is it simply a matter of I want ~8000$/mo in cash flow, dividing by ~125$/door cash flow, and looking for deals that meet the criteria until I have ~65 doors as fast as possible and worry about the rest later, treating my "personal" stuff (my SFH and the lake house) as seperate things? Then reassess my next step (I would like to flip houses as well, and eventually use that money to keep buying properties)?

0 Votes

Saint Louis, Missouri

I am just starting out in REI (have never purchased a house before), but I have listened to BP a lot, read a lot of the books etc, and want to get started. I have capital but am unsure where to begin, my goals over the next 1-5 years are to buy as many (5+) multi-families as possible, my primary residence and a lake house for STR (and to work from/enjoy during the week as I WFH), I'd also like to flip 1 house next year to learn the processes etc (and scale that up after). I am unsure how to allocate capital though, since it's my first home purchase, I can house hack or buy my primary @ 3% down, and save the rest so I have 20% down for the other purchases etc. How can I maximize my leverage, and are there any good resources for someone that's just starting out in REI, but has some leeway (flexible on the housing situation etc), that also has some capital saved?

1 Vote

Saint Louis, Missouri

All Forum Posts by: Anthony Fresta

Anthony Fresta has started 2 posts and replied 4 times.

Post: Properties near NGA Build out (St. Louis)

Post: Where to start/in what order to buy.

Post: Where to start/in what order to buy.

Post: Where to start/in what order to buy.