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All Forum Posts by: Dominick Galinis

Dominick Galinis has started 6 posts and replied 93 times.

Post: Paralysis by Analysis

Dominick GalinisPosted
  • New to Real Estate
  • Tennessee
  • Posts 94
  • Votes 73
Originally posted by @Matthew Irish-Jones:

@Dominick Galinis doing a BRRR on your first deal without a ton of experience increases your chances of a bad deal. Buying a property is the easy part.

Seasoned investors sometimes make errors on renovation cost estimates, myself included.

@matthew Irish-Jones thank you. The more I read on it the more I realize you’re right. Opposed to asking you specifically how to learn rehab cost, I want to see if I’m on the right path:

Most properties that I buy will more than likely require some form of work. When I need someone to do flooring, learn the pricing. Same goes with walls/bathroom/etc. and over time I’ll be able to see a property and have some form of idea about rehab cost. That about right?

Post: Paralysis by Analysis

Dominick GalinisPosted
  • New to Real Estate
  • Tennessee
  • Posts 94
  • Votes 73

@Taylor L. thank you so much for the practicality there. It was much needed and definitely helped me step off the fear cycle.

@Frank Rodrigues I appreciate the “tough love”. And you’re right, if this is where I want to go (and I know it is) I just need to do it. Mistakes are part of the journey and I will learn from it. Like John Maxwell says, “sometimes you win, sometimes you learn.” I will definitely PM you some thoughts/questions I have. Thank you for making yourself available.


@Bruce Woodruff you’re right man. They were definitely speaking the truth, and I appreciate it. And I love that quote, I’m going to save it 

Post: Paralysis by Analysis

Dominick GalinisPosted
  • New to Real Estate
  • Tennessee
  • Posts 94
  • Votes 73

Hi BP family.

I’m an aspiring investor looking to move my family forward and provide the best life for my daughter and I know that real estate is going to be the way to do it.
I’m based in the Broward County, Fl market, and my situation is a bit different than most, I assume. I have relatively low bills and make a relatively good income (6 figures.) 

Now for my question, due to my situation I'm able to save up a lot of capital to get started and put down 20% fairly quickly without taking out a private loan. Which is what I prefer until I get my feet wet. I would prefer also, to do the BRRRR method, to get my money back for property #2. But my fear/analysis comes in: I'm afraid to make a "bad deal" and not be able to get any money back from my first property and be forced to save again for property #2. I'm not looking for a home run on the first one. But if I can make a couple hundred dollars cash flow and get back the money I put into it to get it, that's all I would expect. Can my lovely new BP family help "push me off the ledge" and go do it? Where is my thinking wrong here?


Thank you guys!