All Forum Posts by: Antonio Cucciniello

@Nathan Raisbeck Do you know exactly how much you need to invest?

@John Doss I would get a preapproval first then go and look at properties

@Evan Gorczynski no you are on the right track there!

@Evan Gorczynski In my opinion, going for cash flow is significantly more important when starting out. That doesn't mean to ignore appreciation, but you need to optimize for one outcome!

@Rocco DeMartino You can become a real estate agent, a wholesaler or work for an investor!

@Radhika Paliwal Hey! Have you heard of roofstock? They have properties in all those states you mentioned in various markets.

@Tim Lazor I just moved out of Manhattan and started investing while I was there. I get how you feel.

Here's how I did it:

1. Brainstorm a list of cities you heard of that might be good investments

2. Take that list and find data points for each one.

3. Compare each city on that list together

4. Pick one

5. Call a lender that lends in that area

6. Get a pre-approval

7. Call an agent there.

@Victor Kyi 

- In my opinion the reduction of risk investment wise comes in the quality of the asset (which in new construction means it will be in a good shape for a little while) and second in your ability to predict the cash flow based on what it would currently go for.

@Aubri Paredes Having invested in Jersey and lived there, I recommend you invest for cash flow for your first property. Appreciation will happen over the long term. But I think betting on buying for appreciation in NJ is significantly more risky, than comparing it to buying for cash flow.

@Nathan Raisbeck I may be the odd one out here, but I truly believe that trying to "build your team" early is one of the main reasons why beginners never start.

They think they need all these people on their team before they start investing. But why would a lawyer be on your team, without actually bringing them a property under contract?

Why would an insurance agent talk to you without a property under contract?

Why would an agent want to help you find properties, if you were not serious about buying properties in your market yet and you were still just learning? 

Instead here is what I think you should be doing (you could ignore my advice completely):

1. Set clear investing goals

2. Pick an investing strategy and stick with it

3. Pick a market based on data

4. Call up a bank and get a pre-approval letter (this is when you get a lender)

5. Start looking at properties (this is when you get an agent)

6. Get a property under contract (this is when you start to get everyone else)

Until then, focus on doing those things and mastering analyzing deals.