All Forum Posts by: Kyle DeSimone

JM, Scott, Thank you both for the advice,

He was 87 and lived alone with his dog, I know he had a son so I'll probably go that route. They make em' tough up here, that's for sure! I'll see what info I can pull up from other neighbors and his tenants as well. My goal is not to be obnoxious about it and to just make the offer if he wants ease of transition. I believe his son will be around so I may be able to catch him in passing over the next few weeks. I'll have plenty of stories about the old man to share so I'm confident it wont come off as me just having an agenda. 

I do work in sales so I know the finesse some of these situations take. I appreciate the advice from both of you and I'll go the route of in person as it seems to be the best course of action and humanizes me a little. 

Cheers!

Hello BP,

I know this is something discussed in a couple books and on BP but I wasn't sure what to search for. My neighbor just passed away on the dead-end street I live on. According to the city's website, he owned the multi-family he lived in. I love the street and the people that live here, it was very sad as he was always around to give a wave as you drove by and bug you about your grass being too long!

Either way, I am new and starting to look to invest in multi-families with my wife. This place, being on my street, is a great opportunity and I'd love to craft a letter to his family to see if I can maybe make an offer on it. Are there resources or links here to helping me write a letter as well as finding out who to address it to/tips and tricks etc? My offer will be a little lower than what they may get from listing it but I'm sure the family would love someone from the street to take it over (as well as my neighbors as we are a tight group). 

Thanks!

 Thank you Jack, very much appreciate the note!

Joe, I'm with you man, our hopes are to pay off the honeymoon and wedding soon. We are getting close, just finished a renovation on our house too, so all of that is causing us to just save dollars and pay off consumer debt instead of just buying now. 

Stay in touch, I'm currently on the west side so I'll be looking at homes in the area... heard Salem is good now too, with the Tuscan Village guy purchasing the race track and possibly some rail's going in... we'll see.

Maybe i'll see you around!

Thanks Dieggo, 

I currently own a single family. I bought back in 2010 right out of college, got the first time home buyer tax credit. 

Plan is to rent it out eventually, although the equity in it could be useful for any down payments or a 1031. Leaning towards a house-hack and renting it out so I get 2 properties with one more purchase. 

Justin, 

Thank you, these resources are incredible and help us navigate a new industry to us. Very much appreciate the guidance.

We attended the webinar last night with Brandon Turner and will most likely subscribe to pro, the information was very valuable. We look forward to being more active, sharing stories, and asking questions. first step was taking action, so thank you for the warm welcome

Cheers,

-Kyle

Hello, 

My name is Kyle DeSimone, I am new here and have just been educating myself for about half a year... Needless to say all of this is very exciting and I am looking forward to getting my feet wet.

Currently, my wife Kellie and I own a place in Manchester NH, with our 85lb Yellow Lab, Nitro. I work in beer industry and she works for parks and rec in a nearby town. She is also going for her real estate license. We love to snowboard, camp, hike, kayak, SUP, and ride our motorcycles!

We are partnering with another couple to for a business together and hopefully try and retire early and have time for our family (they have a 2 yr old son). 

My goal is to keep my job and she wants to transition out of hers when we start having kids. This was a perfect way to do it and potentially let me stay where I am until I don't need my income anymore. We want to travel, maybe buy a sprinter adventure van or a tiny house in the white mountains, or maybe invest in a few AIRBNB's down the road near ski areas to keep up our adventurous lifestyle (this one is more selfish but tourism in New England is great and steady).

We look forward to to being regular on the forums and look forward to meeting and interacting with all the fine folks on BP. We all feel like a deer in the headlights at the moment but it is great to know there's a community here and resources available should we ever need them. 

We look forward to meeting all of you!

-Kyle and Kellie DeSimone, and the McKenzies

Hello,

My name is Kyle DeSimone, this is actually my first post! I am a new investor, to the point where I've read a bunch of books and attended a few BP seminars. I am very interested in starting off and one challenge I have is money for down payment for conventional loans... I don't have enough.  I am saving but it could take sometime and I'd like to start out soon. 

I could House Hack, but I don't feel like moving out of my current home to live in a duplex if I don't have to (although it may be worth the year and renting this place out that I currently own). 

So my question is this: I have a profit sharing account from a prior employer (which no contributions are made, just interest) and a separate one with my current employer. My previous employer account has been accumulating money for some time now and I wanted to know if anyone on here knows if there is a tax-free way to roll this money into a Multi-Family like a 1091 exchange? Or to roll it into some other form of account tax-free (Roth IRA maybe...) and then move it to an investment property?

This is all very new to me so any help is appreciated and please be patient if I need clarity on any responses. 

-Kyle