All Forum Posts by: Joseph Diandrea

Hey Matt, did you end up making the jump? Would love to hear an update. My girlfriend and I are from Philadelphia PA and are trying to do the same thing in the tampa metro, currently in an Airbnb in clearwater.

Parker, i am in a similar situation. first off i am sincerely empathic for your loss. personally i lost both my parents at the ripe age of 13. being 21 now, i received my inheritance not too long ago (within 2 months) and have been vigorously learning real estate for the past 8 months-ish. i close on my first deal on Sept. 15. Would love to keep in touch throughout each others journey.

Originally posted by @Isaac Abeyta:

Has anyone here considered building new houses, duplexes, triplexes, and then holding them to rent out, refi, and roll into another similar project?

Why, or why not?

 Would love some information on this if anyone would be willing!

following, how are the rents?

your going to be doing big things soon enough man keep it up!

man this is awesome i'm 21 as well!

Want a Great Fixer? Then see a home with a heart. Roomy 2 story twin with front and back yard, 3 bedrooms, 1 full bath, wood floors, Goodman hot air gas heater, Bradford White domestic hot water heater, 100 amp CB, only minutes from Weavers Way Food Co Op, Allen Lane Art Center, Regional trains. Bring you and your toolbox! Great buy in West Germantown in urban green neighborhood. Perfect starter home for the new investor or owner-occupant who want instant equity and don't mind a little sweat.

****Most definitely have pictures as well, having difficulty uploading****

*Disclaimer: I have signed a valid purchase and sale agreement with the seller of the property. However, due to my existing workload of other investment properties I am currently entertaining offers to sell the contract I have. I am not currently the owner of record of the property, so I am only selling the contract and my right to purchase the property.

KEYWORDS: Fixer, TLC, Repairs, Careful, Disclaimer, Renovation, Handyman, Needs, Missing, Cracked, Foundation, Mold, Damage, Contractor, Cash Only, Fire, Investor Offers Only, Gut, Rebuild, Tear Down, Code Violation, Illegal, Pool, Workshop, Split-Floor Plan, Wood Floors, Foreclosure, REO, Bank-Owned Home, Auction, Tax Lien, Wholesale, For Sale by Owner, Needs Work, Renovation, Rehab, Fixer Upper

Here is a great opportunity that won’t last long! 2.5 miles to Temple’s main campus.

*FIXER UPPER* This is a spacious property resting right on the border of Philadelphia's East Falls section. Conveniently near the Temple University Medical Center and Administrative Services, the Fox Street Shopping Plaza and I-76. You can feel the potential as you walk through the property! ***Feel free to contact for more pictures, have a TON in a zip file that I would be more then happy to email.****

This home features:

-3 Roomy Bedrooms

-1 Full Bath

-High Ceilings

-Full Basement

-Front Porch

-Mud Room

-Front Yard and Backyard

-Very Reasonable Taxes.

*Great investment opportunity.*

Property priced to be sold as-is. Repairs are needed. No repairs or improvements will be made by seller. Buyer is responsible for acquiring U and O Certs.

contact me TODAY for more information, requirements, and to schedule a showing!

*Disclaimer: I have signed a valid purchase and sale agreement with the seller of the property. However, due to my existing workload of other investment properties I am currently entertaining offers to sell the contract I have. I am not currently the owner of record of the property, so I am only selling the contract and my right to purchase the property.

KEYWORDS: Fixer, TLC, Repairs, Careful, Disclaimer, Renovation, Handyman, Needs, Missing, Cracked, Foundation, Mold, Damage, Contractor, Cash Only, Fire, Investor Offers Only, Gut, Rebuild, Tear Down, Code Violation, Illegal, Pool, Workshop, Split-Floor Plan, Wood Floors, Foreclosure, REO, Bank-Owned Home, Auction, Tax Lien, Wholesale, For Sale by Owner, Needs Work, Renovation, Rehab, Fixer Upper

@Andrew Johnson thank you for the reply! I also have all my assets in gold buried in my backyard! Im curious here where you mentioned "I stress-test property financials before buying them to see how much "it can take" before I go from cash-flow positive to break-even." Could you elaborate on that? I also could not agree more with your point on bonds. awful returns but great in the crater perspective. People try to predict the market just like weather people predict the future, and their typically not correct! I don't see that person either!  

@Ken Dillard I totally agree on your points, i myself love a good conspiracy theory as well. Would love if you went in a little deeper on that. Speaking of conspiracy theories on demand came out with a movie called The Crash, very interesting to get into talk with others about it. Overlooking your portfolio's performance and rebalancing is also where my head is at, and i feel everyone should be doing the same if they are not! Do you have a financial advisor and with what institution are you with if you do not mind me asking? Going back to conspiracy theories i recently moved my assets out of Morgan Stanley and into Vanguard due to some alternate motivates! 

Curious to see others portfolio diversification. Is it all real estate? If so different types of real estate as in commercial/ MF/SF/ mobile homes? Is some of your portfolio in stocks, bonds, etc? Also, how are you preparing for the burst? Curious to hear some thoughts.