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All Forum Posts by: Antonio Cypert

Antonio Cypert has started 3 posts and replied 18 times.

Post: Can anyone recommend a good CPA?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

I work full-time and have a second part-time job. Last year I was close to owing taxes because my second job wasn't taking nearly enough income tax out relative to my income at my main work. I want to avoid that scare this year, so I'm hoping to get ahead of it now. 

I have 0 investment properties so far but am planning to buy an STR in the next 3-6 months. The STR might be in the Phoenix area, but it's possible that it could be out of state.

Post: Student Housing as a strategy?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

I love it, thanks @Will Gaston. Lots of great information there.

Post: Student Housing as a strategy?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

Thanks everyone for the suggestions!!

Post: Student Housing as a strategy?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

Has anyone had experience doing mid or long-term rentals with student housing? An example of this being a SFH with 4 or 5 bedrooms and renting each room to a student. If so, what were your experiences (good or bad)? Do you think it's viable? What considerations would/do you make if pursuing this strategy? Any other advice? I'm not in this market but it's something I'm considering as a potential option.

Post: Futurestay, anyone using or have used them.

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

Oh that’s interesting. Is it like a site builder that lets you take direct bookings?

Post: Futurestay, anyone using or have used them.

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

Maybe I’m missing something but what is the benefit they are supposed to be bringing to you?

Post: BiggerPockets Bootcamp Signups are Happening Now!

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

Hello! What is the expected time commitment per week for the Real Estate Rookie Bootcamp? I work full-time plus commit an additional 10 hours to a second job, so I want to make sure I would have enough time to dedicate to this.

Edit: Nevermind, I see you say there is 1 hour of self-paced, 1 hour of live session, and an optional 1-hour meeting, Stephanie. When I first read that I thought it was isolated to the STR group. Thanks!

Post: At what point can I buy my first property?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

Yeah, I get that. Would you think that strategy would be viable even if renting out our current home wouldn't cashflow or maybe even negative cashflow? If it went negative I guess there could still be the benefit of building equity on the old home, maybe other benefits that I'm not thinking of.

Post: Looking to make software to help investors. Any ideas?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13

My suggestion would be to build a service that would help you automate your own systems. Some ideas that come to mind:

A tool that…

- emails you a list of newly listed properties that fit your buy box criteria

- catalogs a list of your contacts (agents, private money, etc.), plus a way that you can send mass emails to everyone or to people in specific categories

- shows you markets where housing prices are dropping the fastest

Making enterprise-level software takes a lot of man-power. I’m just assuming this is a side project for yourself, and if that’s the case and you try to make something with a large scope you might wind up spinning your wheels and quitting before you finish v1.

Also a lot of people don’t know what they need until they need it or it’s presented. No one knew they needed Uber until it existed but now no one wants to go back to the old way.

Good luck and if you want to chat more about this feel free to reach out.

Post: At what point can I buy my first property?

Antonio CypertPosted
  • New to Real Estate
  • Phoenix Area
  • Posts 18
  • Votes 13
Quote from @Christopher Abele:
Quote from @Antonio Cypert:

Haha yeah, I got the feeling there was some confusion around my original numbers @Christopher Abele. What I meant is I will have $10k saved in about 4 months, but I have been saving for over a year. At my current pace I've saving about $10k/year, but I'm also putting in a lot of overtime hours now, so that should grow faster. I'm a little confused about what dollar-cost averaging is, could you explain that?


 Choose a couple of vanguard etfs - VOO, VTAX, etc. Then you set up a daily purchase of, say, $20. You'll move your funds to the brokerage (I use Robinhood despite the bad reputation they have because its easy enough to set everything up.) This way, each day you purchase $20 worth. If you stay consistent with it, you'll be buying at the "average daily price." When the price is lower, you buy more (with your $20.) When the price is higher, you buy less. Its a common technique for long-term investors. If you're leaving the funds in there for over a year you only pay capital gains on the profit from it when you do close the position (to buy an investment property.)

I'm also a little curious about your personal living situation as you've mentioned that you already own your primary. What if you look to buy another primary residence and then rent your existing home? Do the numbers work for that? Is it "too nice" of a primary to turn it into a rental?

OOS investing is an option but I can tell you firsthand that there's a lot of due dilligence that's needed. Don't just meet people over the internet and trust that they know what they're doing or have your best interests in mind. 

@Christopher Abele That's interesting, that isn't something I had considered, thanks for the tip! Yeah so in all honesty in regards to our primary, we're halfway through doing almost a full remodel, and we put into it what we want to live in, not just a run-of-the-mill remodel. We're excited to live in the remodel so moving out right after we finish isn't very enticing. Not to say we'll stay here forever, but we do want to enjoy our work for a while at least.