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All Forum Posts by: Jackie Comitino

Jackie Comitino has started 6 posts and replied 40 times.

Post: New hot places to buy

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@Jonathan Greene great advice! thank you. What advice would you have for someone moving to a new city? I haven't moved yet but just starting to do whatever homework I can before hand. What resources are there for finding out what sales are - year after year - in specific neighborhoods? Is that something I can look up online? How would I identify where the hot market is in an area i'm totally unfamiliar with?  Other members on BP?

Post: New hot places to buy

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14
Originally posted by @Jonathan Greene:

My only comment would be that a place that is hot right now and people know about it means you are too late. I would try to find the town next to the town that is hot right now, the one that hasn't peaked because that is usually next in line after the hot and now town gets full. You can still do well on a hot town, but if you find the next soon-to-be hot town by tracking the hot ones, you will make more money.

@Jonathan Greene Any tips on how to do that? How does someone find a hot spot before it gets hot?

Post: How To Pay Yourself From Your Properties

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@Cody Malave

Every question answered leads to keep questions...I’m totally with you there! Great post! thanks for sharing

Post: Newbie from Louisville, KY Area

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@Kevin Hart

What steps did you take in those 4 years leading up to getting your first property? When did you know when you were ready?

Post: Newbie from Louisville, KY Area

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@Alex Prestigiacomo

Hey Alex! Newbie here as well. Moving to Louisville in the upcoming year and trying to analyze properties in Louisville as well as IN. Congrats on no debt! that’s first on my to-do list :)

Post: analyzing deals - listing descriptions

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@Lauren C. thank you!

Post: analyzing deals - listing descriptions

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

Starting to use the calculators and crunching numbers, but have come across a listing that had this in the description:

"Property Sold As-Is with no warranties expressed or implied. Listing
information is not warranted by seller or seller's agent, and any and
all information to the condition of the property is unknown. Buyer and
buyer's agent must do all their own due diligence to the condition of
the property and to all information pertaining to this property. Buyer
and buyer's agent must verify all utilities, square footage, flood plain
and any additional information regarding the property. CLOSING TO BE
PERFORMED BY AGILITY CLOSING & TITLE SERVICES."

Could someone break this down for me on what it means? Is this not even worth continuing to analyze? I'm just practicing with numbers right now but in the future what would some deal breakers be to save me time from even going forward with them? 

Post: Eliminate debt or focus on saving capital?

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

you guys have helped a ton and confirmed what I kinda already knew. Much appreciated. 

Post: Eliminate debt or focus on saving capital?

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@George W.

thank you very much. all great points

Post: Eliminate debt or focus on saving capital?

Jackie ComitinoPosted
  • Glen Cove, NY
  • Posts 41
  • Votes 14

@Kyle J.

Two credit cards - both with interest rate under 13%, also a car loan $6,000 with a 3.24% interest rate.

I can pay off my car loan or my cards in about year - not both. I guess Ideally I would want to be debt free before I got started but how much does this really matter in the scheme of things? Will it make getting financing harder? Are there other things that it could cause problems with?