All Forum Posts by: Anthony Cangialosi

Hi everyone,

I’m currently learning as much as I can about real estate investing. I’ve been listening to audiobooks, reading books, listening to podcasts, joined some FB groups, and this forum. 

I live in Rochester, NY and have a young family. Some of the main reasons I started this journey is so I can eventually take my family on trips to experience different cultures, help less fortunate people, and build generational wealth. 

My current goal is to build a close team that I can count on, that can count on me, and to own 4 long term rentals in the next 4 years. 

I’m aiming for a single family, 3-4 Bedroom, 1.5-2 bath home in a nice neighborhood with a two car garage for my buy box. I want to invest in my local market (Rochester, NY) and most likely in one of the suburbs. 

Thank you for taking the time to read my post! 

I agree with this. Depending on the location of the rental property, I would need to confirm that I have the proper licensing and I’m following the local permit guidelines. 

Having over 10 years of experience in the electrical field, and correcting numerous poorly executed electrical installations, one of the biggest value adds that I have is this experience. All of that work would of course follow the NEC, local code requirements, and be inspected by an approved electrical inspector. The same would be said for the plumbing work, however I would not be doing much besides typical toilet, faucet, and sink repairs. 

I appreciate you taking the time to make sure I’m aware of how critical it that any work, especially mechanical work, is done properly. 

 Hi Jonathan,

I understand that concern, I do not have contracting experience. However, due to my college and career experience I can handle any of the electrical work while following the NEC. I’m not as strong in the other trades, but I have a keen attention to detail and don’t take shortcuts. I plan on handling most of the cosmetic updates and mechanical repairs, to a point. If there is something that I don’t feel I can accomplish with professional results, while cutting costs, I would contract that out.  

I’m aware of permit requirements in my local township, and I would have to follow up with what’s required in the location of the investment property. 

The cosmetic choices would be based on popular preferences that would appeal to hopefully everyone. 

I appreciate you taking the time to list those concerns. I have a lot to learn so any pointers are welcomed! 

After more consideration, this route won’t be the best for my situation. Having young kids we’ve decided it’s best to not move around.

Instead, my goal is to find an investment property in my local market (Rochester, NY), ideally a single family or duplex. I’d still like to leverage my skills and experience with home improvements. Finding a property that needs mostly cosmetic rehab in a nice or upcoming area would be best. 

Hi everyone,

I’ve been learning about real estate inventing for a couple months but haven’t started yet. I think the best strategy for me and my family would be house hacking.

Currently we have a traditional mortgage on our home that we purchased in 2018. Im handy so we’ve fixed up the house quite a bit on the inside and outside. I haven’t had the house appraised, but I’m guessing we have around 150k in equity. With having young kids and working full time, being able to buy a house that needs mostly cosmetic updates that I can do myself would be easier than buying a property I would have to travel to without the family to work on. 

I’ve thought about selling our current house, using that equity to pay for a single family fixer upper that we’d work on for around a year, and do it again. Except instead of selling the next property, holding it and renting it out. 

If there’s anyone who’s done this strategy It’d be great to hear how it worked out, and how you transition from house to house when you’re holding the previous property you were living in.