All Forum Posts by: Anthony Venezia

Good luck Anthony!

As for direct mail marketing, make sure you do at least 5-6 touches. Keep your message short and include your website and email. Feel free to reach out to me if you need any help with the template.

@Anthony Venezia it was an approved short sale in the mls. I'm hoping for $100k ARV, but hard to say where it will come in. Zestimate is $119k which I know doesn't really mean anything, but I can't find anything as nice as what we have for less than $100k. Working with a bank on the heloc and should know within the next two weeks.

@Anthony Venezia sure thing. We bought a twin for $40k and did a ton of work on the property (mostly myself) and we’re all in for about $72k. Put it up and rented it almost immediately for $1,200. I’m working on putting a heloc on the property now so I can hopefully do it again. Unfortunately I haven’t found anything close to these numbers recently.

@Anthony Venezia Anthony, @Mallory Davis may be able to help you out. She has introduced me to some good deals in Delco and Philly recently. Best of luck.

@Anthony Venezia hi Anthony. I’m in the process of wrapping up my first brrrr in coatesville. Rehab is done and the property is rented just waiting to see what the refi will work out to. What areas of Montgomery county and Delco are you focusing on?

My best advice is don’t invest in anything you don’t understand. I would take it slow, learn your market and don’t lose your money.

@Anthony Venezia

1. Watch many bigger pocket podcast

2. Read a few books. I'm reading (The book on rental property investing) next I will read (rich dad poor dad) but these are just what attracted me.

3. Inquire about other people opinions. It would be best to do the research first so you have some idea of how things kinda work before you get taken by a smooth talker.

4. Good luck!!

Hey Anthony,

There are many ways to start, and I would honestly say the best type of investing to get into is the one that you find interesting. I have seen many investors burn themselves out because they get a higher return on a strategy that burns them out, so they quit a couple years in. It’s the investors who find a strategy that is compelling and exciting who often stick it out in the long run. You don’t have to enjoy it necessary, though many do, but you need to be okay with dealing with some rough seasons in investing when you dive in. So realistically I would just try chat and work with other investors to get a feel for what their deals look like, then stick with what you find to be the best fit for you.

Best way to get into it? Get your boots on the ground and dive in. Be cautious at first, since the lionshare of mistakes you make will be just starting out. But don’t be afraid to jump into it - many investors just end up spending all their time looking at deals rather than investing.

I would also recommend structuring it all in a smart way, since you are starting with so much money when you are also most likely to make mistakes that could get you in trouble. This article discusses what asset protection is, and explains the general progression of building your own asset protection empire.

@Anthony Venezia - several things:

1. You're not going to pick up an investment property using bank financing without at least 20% down, realistically 25-30% down. If you don't have that, then time for a different strategy.

2. @Caleb L. already mentioned Vacancy; let me add the following suggestions: remove PMI (because you won't get investment financing needing it), the listing appears to show an addition city tax of $1268/year, that should be added; it's a townhouse, what's your reason for paying water and sewer? I'd thrust all that upon the tenants. Good luck!