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All Forum Posts by: JD DiGiacomandrea

JD DiGiacomandrea has started 5 posts and replied 43 times.

Post: Details of the First Deal?

JD DiGiacomandreaPosted
  • Macedon, NY
  • Posts 43
  • Votes 28

Thanks all for the great feedback! It's been an exciting year and I'm much closer to getting that first deal. Reading all your stories has been pretty inspiring, and I've certainly fell victim to a little analysis paralysis over the past year. 

Now I've done my research and I've decided that I'm very interested in the Southwedge, Swillburg, Monroe Ave neighborhoods, and also the Merchants/Culver and a little of the Beechwood neighborhood. I've also decided that 2-4 family seems to make the most sense to me right now. 

The MLS seems to have some deals on it every now and then. I think that there are other ways to source deals though, there must be. That is kind of the next part of my process (I'm very process oriented as a person). Are there any good wholesalers, or people to connect with in Rochester to work opportunities. Any ideas?

Post: REI Wholesale in Rochester question

JD DiGiacomandreaPosted
  • Macedon, NY
  • Posts 43
  • Votes 28

I look forward to hearing about this too. I'm starting my REI adventure in Rochester too and I'm looking for some wholesalers to source deals from. I'd love to hear how your experience goes.

Post: Details of the First Deal?

JD DiGiacomandreaPosted
  • Macedon, NY
  • Posts 43
  • Votes 28

Hello all! I have been a lurker for a few months now and now I want to start taking some action! My name is JD and I am excited to begin investing in Real Estate. I am a native Rochesterian and I want to start my buy and hold Real Estate portfolio. After doing a bit of research I want to look into the 19th ward, East Rochester, and potentially the Swillburg neighborhoods. I feel like starting in these areas would be best. My plan right now is to pay off my last student debt by December, and then begin the process of acquiring my first property in the spring of next year. I feel a bit overwhelmed, mostly by the finding of deals, as loopnet and the MLS don't seem to list real deals. This makes sense, good deals won't be delivered to my fingertips I figure.

So that leaves my biggest question right now. How did you find your first deal? How did you finance your first deal? Can I just go to the bank and ask for a real estate investment mortgage? Is that a thing?

Any advice would be great. looking forward to connecting with everyone in Rochester!