All Forum Posts by: Frank Patalano

@Frank Patalano Thank you for sharing that with me. Something that I have thought about is where to draw the line between being okay understanding real estate investing is a long term thing and simply accepting slow growth. Naturally I am the type to go ahead and set out to accomplish goals that I set, however when it comes to real estate I have been making sure to keep a patient mind as I start putting things into motion.

I am most certainly leaning toward working in real estate somewhere. As mentioned I am strongly leaning toward becoming an agent/broker in order to continue to network with others here in my local market while also being able to learn and have some control over building up capital to invest at the same time.

If there is one thing that I have always been a supporter of, it's setting huge goals and working my rear end off to reach them. I've always been taught that if you aim high enough, even if you fail you will still land somewhere far beyond what you originally believed you could. The catch to this belief is also taking the time to understand that it requires a great deal of mental strength and resilience when you don't reach your main goal. I could go on for a while about mindset therefore I will leave it at that.

As for my fiancé, I am lucky because she comes from a family that started and currently own a successful excavating company here in Indiana. Because of that she fully understands entrepreneurship and the time and dedication it takes in order to build a successful business. With that being said the first time I brought it up she fully supported the idea and actually has continued to do so and has even helped out on occasion.

I appreciate you responding Frank. I do have a question, at what point did you realize that you weren't hungry enough and were settling for the slow growth? Moreover, what changes did you make in order to more actively pursue your goals?

I am new to Bigger Pockets and looking to invest in Apartment Buildings in North Providence, Rhode Island. I have broken down all projected expenses for the property I have in mind in order to find the NOI and compare it to the financial statement that the property owner provided me with. I was looking to see if anyone who has invested in apartment buildings in new England and could estimate utilities (water, electric, sewer). I am not just looking for estimated prices but more just usage per month per unit so I can calculate an estimate per unit based on local rates.

Looking for average KwH per month for a 

2 bedroom apartment, 

gallons sent out to sewer per month, 

average water gallon use-age per month.

I understand it is variable but I just need some input from someone who has seen actual usage per unit. 

Thanks!