All Forum Posts by: Kyle Civittolo

Adam, with regards to the leveraged ETFS, those are terrible products to be held for the LONG TERM. Those are created for short term traders. They reset everyday. If the index they follow goes up 200% in 2 years and is a 3X ETF... it does not mean the investor will see a 600% return. Do some research on any of these held for medium to long term and you will see how poor of an investment they are.

Welcome to the site Anton! I also am from Glastonbury. It's nice to see someone else from the area. I have been involved in a couple flips as well as a small portfolio of SFRs. Let me know if I can be of any help!

@Marcia maynard,

looks like I can't get the @ function to work, but regarding paing I just want to let people know that dark colors are actually much EASIER to cover than a light one. If you don't believe me, test it out yourself!

Hello BP,

Does anyone put in their leases that the tenant is responsible for clogged drain lines? If the lines are clear when they move in I feel it would save a lot of headaches with them calling me. I would have them call a plumber on their own. Now if a sewer line was backed up, I think that would be on me, but a slow draining tub because you let your hair build up in it....why not have the tenant take care of it. The neighborhoods I am renting in I would classify as C+/B-.

Hi Aran,

From what I have noticed being an investor and agent is that the majority of the times the actually do end up buying the property. They have a good idea what properties are worth in that area that they "shotgun offers" on. 75% off list they are fairly comfortable with and if there are any issues with inspection they will just try to hammer the price down more, rather than walk away from the deal.

I agree that the option fee needs to be higher. Goes back to the saying of "having skin in the game"

Hi Kim,

I am guessing this property is on the MLS? If so you may want to contact the listing agent and have them clarify. The ones I have seen they normally reject all offers that are not for full list price. Let me know if you do not have MLS access and I can look it up for you.

I hate to piggy back on this post, but does anyone know if there are any meetings in the Hartford County area? If not, I would be glad to research places to get something started in this end of the state if the interest is there!

I have read a lot about direct mail on this site. What I was wondering is if people have tried direct calling instead? I started putting a list together (mainly of people behing on taxes in my farm area). I then would dig deeper and see how long they have owned the property and how much equity they have. Doing simple google searches I have started adding these peoples phone numbers into my excel sheet. So my question is, would anyone recommend actually calling these people first instead of send them mailings? It would be tough to call a huge list, but might be interesting to test on 40-50 people. I am lnvesting in the Hartford, CT area FYI.

Thanks,
Kyle Civittolo

Hi Everyone,

Haven't been on the site in a while, but wanted to share with you my updates. I sold this first flip house last month! I don't think it could have turned out any better. From close to close it took 4 months, which was a great turnaround for doing most of the work myself on weekends and weeknights since I am only a part time investor for now. The finacials looked like this..

Purchase price- $65k
Renovation Cost- $27k
Closing price - $157.5k!

I had the house on the market for one day at 159k and had an offer that night. This was one of the best learning experiences of my life and it was awesome to make that kind of money on one deal. I am also a real estate agent which helped me with closing costs.