All Forum Posts by: Anthony Feola

Thank you everyone for such great advice, I am starting to see a constant in all this information and it is both leverage and syndication.

By utilizing leverage I could probably purchase 3 units, my plan was to invest in small condo/apartments in my area. The reasoning for that is because with the HOA fee it eliminates utilities and Capex from the budget (or at least in the complex I have been looking into). HOA fees do increase "slightly" every year but so does the "allowable" rent I can charge a tenant, I am currently waiting on documents to see if the HOA fees are increasing at a faster rate then their allowable rent.

The other option I was looking into was Multi-Family homes, but in Massachusetts my $80k is gone in one swoop and the house would be old (means more repairs more frequently). I feel like the cash flow from the condo's would be better, but where I would take the hit is the appreciation. 

As for syndication, I know what it is but never fully educated myself on the topic to get a good feel of it. I guess this will be my homework over the weekend haha. Thanks Again for all the advice here, you guys have been a huge help. 

Thank you for the informative advice @Brandon Rush & @Dominick Galinis

My goal is to accrue enough passive income that when my wife and I become empty nesters, I could look at her and say "lets fly to Aruba on Monday". (hahaha don't we all?)

So with that said I am guessing there are a few variables, one would be my time horizon. Our youngest child is 2 and I would predict we have about 23 years of reaching this goal. Another variable would be income, I love what I do and probably will do it until my mind goes. As a Financial Advisor I can do the job from almost anywhere as long as I have an internet connection, so the cash flow would be added to my salary. Eventually I want to break off on my own and have my own book and I think that's why I am nervous of the leverage play in real estate.

I have had a passion for real estate investing for a long time but never put the passion to use. Now that I have educated myself the last few years in my path to becoming a Financial Advisor (understanding and learning Real Estate is almost mandatory when being a financial advisor) I wanted to make the leap to expand my investing portfolio. 

To keep things short, I have $80k in liquid cash and was tempted to buy a small condo/apartment unit within a complex in cash. The more I read and the more I talk to investors, they advise a different approach in putting a couple down payments on maybe 2 multi-family deals instead. 

I guess my question is what would some of you recommend? My thought process is with a paid for rental unit I will be able to snowball real estate investments much faster than leveraging multiple deals at one time...Thoughts?