All Forum Posts by: Gregory DeRosso

@Jack Ni

Are you local enough to make a sandwich and a coffee to sit in front for an hour or two during peak times? I would go check it out when you know the most trains still come. As I'm searching for properties, I use this rule of thumb.... would I be ok having my mother living here? If it's unbearable in an hour, imagine day in and day out. But on the flip side, is it close to mass transit that can appeal to commuters who can sacrifice some peace for convenience?

And last bit of thought, if it's a semi gut rehab, have you priced out soundproofing? The tech has come a long way and isn't that much more expensive.

@Jorge Gordon Every day I think we're due for a correction and I would want to leverage myself in way so that no matter what I'm ok. I wish I had the gut to be as aggressive as you but I'm forecasting hitting my goals in 7 years in which when I run the numbers more and more the BRRRR strategy appears to be the best and safest bet. However, unless you like the hustle of wholesaling or don't mind sweat equity in doing rehabs but the tax implications are not worth it in my opinion and there really isn't an end.

@Joe Prew I'm not an expert but the more I run numbers, the more I realize anywhere on the NE 95 corridor is almost impossible to find that 2% unless your planning on investing in a warzone. I however would look more at the ROI and IRR. Here in the northeast it's a fine line where small adjustments in numbers make a huge difference.

I posted this in another place and I came across this and I'm not sure if this can help.  It is a tool that can help those who might need to build some age of credit or give a boost to that score to help get that better rate. Here are the links to the article in New York Times and the link from Experian. Best part it's completely free. That compounding % you can save over the course of a loan is free $$$$$. Hope it helps.

https://www.nytimes.com/2018/12/21/business/credit-score-reports-experian.html

https://www.experian.com/consumer-products/credit-score.html

 True, but that if you know someone and that they are willing to add you.  

@Matt Ferch

Marry that girl!

@Jared Chenel

I wouldn't worry about the LLC yet. I don't know how it is up in New Hampshire, but an LLC in NY can run up to $2000 just to start (stupid forced advertising that keeps print media afloat....). Start with the first deal and learn. Develop a strategy that is scalable and keep in mind that your interests and needs now may be different 10 years from now. Unless you have amazing interest rates pay off the credit card and computer. Get that side hustle going. DO lots of reading, listen to podcast and start networking. I'm a small fish and new at this too but the exponential growth in my knowledge is incredible. I envy that your starting so young, you can take risks that I wouldn't dare to.

I think he meant per door. 

I brought this up in a recent REI meetup and I think it is a tool that can help those who might need to build some age of credit or give a boost to that score to help get that better rate. Here are the links to the article in New York Times and the link from Experian. Best part it's completely free. That compounding % you can save over the course of a loan is free $$$$$. Hope it helps.

https://www.nytimes.com/2018/12/21/business/credit-score-reports-experian.html

https://www.experian.com/consumer-products/credit-score.html

@Basit Siddiqi Sure send me the info.