All Forum Posts by: Eric DeVito

@Joseph Scorese Thanks for the reply. Now can you break down what you said in easier terms. Mainly on what exactly do you mean by leverage on debt mortgages. 

@Stan Sugarman You make valid points and I cannot argue that. My mind is all over the place.  I know experience is very important in terms of investing in RE. I just feel like aiming high I suppose. 

@Joshua Fulenwider Right. This is what I am pretty much coming to realize. I understand as a newbie investor many people say start small and all this. I have come to the realization that as you said I just don't see how it is worth it. I was driving 90 mins back and forth looking at property that will only give me 100-200 month cashflow. Personally that is nothing. I would need a lot of those type of properties to see a decent income each month overall. I feel like taking risk and aiming high is worth a shot. 

Hello all, after doing tons of research. Close to buying a 3-unit family and then backing out because I did not feel the cashflow amount was worth it. I was thinking about going bigger after watching a bunch of youtube videos. Is it crazy for a beginner like myself to want to invest in a apartment complex say with 10+ units? Also any advice where the best place to invest in something like this would be? If I sell my house I would have about $100,000 in capital to invest in RE with. 

@Ralph R. Thanks for great advice. Yes I meant HELOC lol.

yes. Iam reading Brandon's book right now how to manage rental properties. I do factor in PM at 10% in all of my numbers. Would cost be about $200 a month in regards to that. 

Thank you all. Yes have to do my research on the management side of things. 

Thanks all good advice.

@Ryan Oldenhage I live about 60-70 miles away so I assume I have no other option then to use property management.

@Account Closed Thanks, i will check it out.  I suppose some parts you have to learn as you go.

@Account Closed Thank you for the response. I did not even think about managing myself. Hour away is not that bad I suppose. I don't know that much about landlording. I did print out some forms from the "Landlord Protection Agency" website.