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All Forum Posts by: Doug Vigliano

Doug Vigliano has started 11 posts and replied 52 times.

Post: Is there a software/app to turn a before picture into an after?

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Hi @Tom Cafarella, not that I am aware of but we have had things like this done on Fiverr for a very reasonable price, may be an option for you in case there isn't an app... If there is something like this I would also love to know about it!

Post: 23 Year Old Seeking Advice

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Hey Billy, thanks for posting this.  I think it is one of the smartest things you can do is ask for help. Working as an employee isn't for everyone and it sounds you have the entrepreneurial desire to do more with your life.  First off, know that BP is a great resource and you can learn almost anything you need here on this site.  I suggest starting with the Free Course here on BP, you will learn most of the basics there.  Next step is to define your goals, in real estate there is really two types of income: Active - flipping/wholesaling/etc.. & Passive - rental property (this list is in by no means all inclusive) Most investors likely have a mix of both of these going, but because it sounds like you are looking for a replacement to your job, then the active income is what you will need to get going.  In the long run, you can redirect some of those profits into rental properties so you can build real wealth.  I have a good friend about your age who worked for almost 2 years with an high-volume investor group, he hardly made any money in that job but he learned the business inside and out, he now makes about $50k a month by flipping and wholesaling.  Experience and knowledge are your friend.  If I were in your shoes I would not try to start my own thing but plug in with someone else doing it already, offer to work for minimum wage if you have to, because the benefits will be HUGE.  I'm 29 y/o and wish I knew more when I was 23 .... 

Post: Should I sell w/ a Wraparound Mortgage?

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Hello BP Community, 

I wanted to get some quick advice to make the most of my primary residence home sale next summer.  We are moving to Austin, TX and need to sell our house here in Orlando, FL.  

Here are the basics, house is worth $340k, owe $270k w/ a conventional loan $1800/month PITI

Aside from a traditional sale, we were considering owner financing or selling via a "wrap mortgage"

Any thoughts/input would be appreciated! 

Post: Podio V.S. FreedomSoft

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Tim, are you an affiliate for www.realestateinvestorcrm.com, because your testimonial suggests you are in favor of Podio???

Tim Herndon, 1-800-SELL-FAST

This is the best CRM in terms of functionality I have ever used ... I recommend this to all of our licensees!

Post: Podio V.S. FreedomSoft

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

@Trevon Peracca @Tim Herndon  Tim thank you for your feedback, I'm sure there are things that Podio cannot do that I suppose your CRM on your website www.reimarketing.com can do...???

What problems have you encountered with Podio??  Why do you suggest it is "not" for real estate investors?? Interested to hear your thoughts??

Post: New member on the Mississippi Gulf Coast

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Hi Austin, welcome to BP.  I too began listening to the Podcast and it wasn't until several months later that I became active on the site.  I think you will find BP has virtually everything you need to get a good start in your career in real estate.  I highly suggest starting out with BP's Free Course

Since the cornerstone of almost all real estate investing is sourcing good deals, it may be worth your while to study the techniques of wholesaling, as this will prove highly beneficial throughout your career.  Skills such as finding lists of distressed properties, marketing to those properties via direct mail or other means, talking to sellers and presenting offers. 

Those types of activities will help you find potential flips and also help you find deals for your rental portfolio.  

Best of luck in your new venture! 

Post: The Next Recession Coming to a Location Near You?

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Hi @Michael M., I would say if you're buying an asset that cash flows, you don't have anything to worry about.  I wouldn't let speculation hold you back from investing.  Even in a down economy people still pay their rent, so you should have no problem weathering the storm if it comes.  There is an opportunity cost of sitting on the sidelines waiting for the right time, I would pull the trigger if you find a solid deal! 

Post: Interest in learning about Note buying Southern CT

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

You may want to check out Scott Carson w/ We Close Notes, he has a program Note Buyers for Dummies, here is his website http://weclosenotes.com/ Scott is pretty much the authority in note investing

**I am NOT a student or affiliated w/ Scott in any way, I have heard him speak at a self directed IRA conference here in Orlando

Post: Podio V.S. FreedomSoft

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

I've had real great experience with Podio, I can't think of much that Podio doesn't do so would be hard to justify a different CRM .... I also checked them out and could not find clear pricing on their site ... 

Post: Replace salary in 5 years

Doug ViglianoPosted
  • Specialist
  • Austin, TX
  • Posts 56
  • Votes 45

Wow!  Michael that is an awesome WHY and a very noble goal.  I am just a tiny bit further down the road from you, I'm 29 w/ two kids (6 and 3).  My wife has been a stay-at-home-mom for the past 4 years and believe me, this is the way it is supposed to be.  This sort of family dynamic allows you, the hunter, to stick w/ your strengths as a provider and allows your wife to stick w her strengths, nurturing and raising children (don't get me wrong, parenting is a team sport).  

As far as real estate, $4,000 passive income is a lofty goal, your first step is doing the math of exactly how many rental properties you need and what type (SFH or multifamily), as well as the market you can invest in. Hopefully the Clemson area is conducive to income property investing. So if your goal is $4,000 a month and you can acquire properties that cash flow $200 each after expenses, etc. than you will need 20 properties (or 20 doors, if it's multifamily).

To simply buy that many properties would take a lot of capital, so you may want to research more creative strategies such as owner financing, subject to, owner financing, etc.. These would allow you to acquire (or control) properties much faster than a conventional purchase requiring 20% down.  

Also, since the cornerstone of real estate is actually finding good deals, you may start your REI career via wholesaling, which can generate a substantial side income (although active, not passive) that you can redirect back into growing a portfolio.

Always good to connect w/ other Gen-Y REInvestors, keep in touch and wish you best of luck!  Keep me posted on your journey!