All Forum Posts by: Giacomo Gesualdo

Quote from @Jacob Haskins:

@Giacomo Gesualdo

I definitely am not discriminating, but that is a good point. I have though of that, but as of right now, I don’t have another application in my hand. I’m really hoping for one soon, so I can use that to my advantage.

Thanks for your response.

Yeah I understand. I was incredibly stressed out when I was trying to rent my house. Not sure how the rental market is where you are, but i did have to turn down quite a bit of people before I found a good tenant. 

@Jacob Haskins I agree with @Theresa Harris. I have had a similar situation happen to me where I did not have a "clear" reason to deny someone because of the rules that I defined, but at the end of the day, it is your house and you determine who can live in it. I would definitely pass on this one and explain to them that there is another candidate that you are going with. As long as you are not discriminating against someone you should be fine.

Hello @Nolan Mccloud! In my opinion, it is incredibly important to evaluate your life and compare that to how your life would be if you had ventured to each of the types of real estate investing strategies. You should then pick the strategy that fits your ideal life on a granular level. The reason why I am saying this is because everyone's situation is different. Someone with a demanding job that requires a lot of hours will probably benefit the most from investing in turnkey properties in good areas because it will likely keep the day to day work to a minimum. If you can afford to put more hours in, maybe a BRRR would be better for you. I hope that this helps you with your next steps. Good luck with everything.

Hello @Colin Holowach. I recently attended a real estate meetup that I really enjoyed. @Shawn Mcenteer is the organizer and it is held at a great brewery. No one tried to sell me anything and I met some great people. 

Hello all,

I recently bought and rented my first rental property. This process was relatively successful and seamless being a turn key single family property in Bethlehem PA purchased with loan. I am now ready to invest in my second property, but I am running into a roadblock. I want to do a Brrrr deal and finance out of pocket, but I am having a really hard time deciding on where this should be and how I should go about finding cheap deals in this area. Does anyone have any advice that they would be willing to share with me? Thank you for your time!

Hello @Armando Lopez,

I just bought my first investment property in Lehigh Valley. I plan on doing more deals in the area and would love to add you to my network! What you are doing is awesome!

@Sheryl Sitman I understand. Thank you for the input. 

@Sheryl Sitman thank you for your input! That has been my strategy for a while now. I have consistently been outbid for the past 6 months in this market, but I keep telling my self to stay patient. What is a typical ROI that you would look for in a rental in this area? Do you have a a minimum value that you base your offers on or is it on a case by case basis?

@Ryan Chatman I am primarily focusing on singly/multi family homes that are walking distance from colleges. 

Thank you for the input. I have definitely experienced similar scenarios in this market. I try and jump on the good deals as soon as possible. It is unfortunate that you could not capitalize on the property that you are talking about.