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All Forum Posts by: Jackie Comitino

Jackie Comitino has started 6 posts and replied 40 times.

Post: Eliminate debt or focus on saving capital?

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

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?

Post: Eliminate debt or focus on saving capital?

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

Overthinking about overthinking. Newbie here and planning on learning, reading, practice analyzing and just getting myself as educated as I can before I make any first moves. But my questions is regarding priorities. I have a small-ish amount of consumer debt ($10,000) and not nearly enough capital saved. So do you think it's smarter to focus on getting rid of the debt first and THEN save (might take 1-2 yrs) or focus on saving capital first to get started sooner?

Post: *New Investor Looking for guidance*

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

@JaMario Price

I start my business plans with market data.

You need to find out the following about your market/ sub market

Averge rents

Are rents trending up or down

Is it cheaper to rent or own a home

What is the median income in your market

What is the average occupancy

What is average appreciation in your market

What are the laws that may apply to your rental investment in your area ie rent control, optional property tax increases.

Once you know these thing you can get a good idea as to the supply and demand of rentals in you market and start to make educated assumptions about how yours will perform in the future.

Where would someone go to get answers to these questions?

Post: What has kept you from progress? (And did you overcome it?)

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

@Dennis M.

what has helped you move past that?

Post: What has kept you from progress? (And did you overcome it?)

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

@Lori Greene @Jan Kerr

Thank you so much for sharing! Your stories are truly inspirational

Post: Anyone from New York, New York

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

I’m in Nassau County, Long Island

Post: Ways I have found money for investing!

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

@Manuel Torreira

I’ve been sitting here scratching my head on how to finance and totally forgot about my 401k! thanks!

Post: New Investor- Louisville, KY/Indianapolis, IN

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

@Raphael Collazo thanks for the book list! I'll be moving to Louisville within the next year or so and I'm seriously thinking about house hacking to start. I'm dedicating a year to just learn, read, etc. I'm reading Brandon Turner's book right now, it's awesome...so thanks for the other recommendations!

Post: Newbie in Louisville, KY

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

Newbie from NY here, plan on moving to louisville in the next year or so! 

Post: New Investor from Kentucky

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

I’m currently in NY but will be moving to louisville in the next year or so . No idea about neighborhoods or how the market is there so i’m glad there’s people in this community I can reach out to!