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All Forum Posts by: Luca Perinuzzi

Luca Perinuzzi has started 19 posts and replied 24 times.

Post: Any adcvice using PropStream or other data providers

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

I'm looking to use PropStream as my data provider for properties, and was wondering if anyone had any tips or advice based on experience from using the software in the past. Thanks!

Post: Investor-Friendly Agent while not living in the area

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20
Quote from @Taj Akinbode:

@Luca Perinuzzi

Why would you want to represent clients' interest (investors or non-investors) in markets you're not familiar with. As a licensed real estate agent, you owe fiduciary duty to everyone you represent and that fiduciary duty requires you to not just have the competence but also the local market knowledge needed to serve your clients best need and provide them with professional insight/advisory. 

Once you get licensed, be sure to check your Independent Contractor Agreement with your brokerage and what authorization you are afforded. 

Alternatively, you can move to other market with easier barriers to entry 

or form referral partnership with fellow agents in markets you're not familiar with. 

Hope this helps. 

Wishing you success on your license exam.

You brought up some great points Taj. Moving to a different market is also something I'm considering, while also potentially househacking. Thanks!

Post: Investor-Friendly Agent while not living in the area

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

Looking for any tips or advice on being an investor friendly agent in an area you do not live in. I currently live in Long island NY and am studying for my real estate license. 

Is it possible/feasible to work with investors to buy properties in other markets (Upstate:Buffalo, Rochester, Albany. Out of state - (get a different/reciprocal license and work in a different state) Houston, Indianapolis, Columbus/Cleveland, etc.) while also living in long island. 

I bring this up because I'm aware investors shy away from New York because of the taxes, and especially areas like long island/Queens area because of the significant increase to price of entry. Am I being unrealistic with these aspirations?

Also currently reading the Millionaire Real Estate Agent and am aware of one of the myths that he states which is it can't be done in my market. 

Any thoughts/advice are appreciated, Thanks!

Post: Why is the Ohio market so popular right now?

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

I have been seeing that cities like Cleveland and Columbus (Ohio) are becoming increasingly more popular for investors. I'd be curious to know what is making these markets stand out to investors.

Any advice based on experience would be great. Thanks!

Post: My Opinion on Building Generational Wealth

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20
Quote from @Corey Conklin:

This is something I hear real estate investors talk about all the time. Their goal is to build generational wealth for their kids, grandchildren, great grandchildren, etc. They believe by building a good real estate portfolio and acquiring assets they will create generational wealth for their family. I believe I have a controversial take on this stance. I 100% disagree with this line of thinking!

There are stories of family’s that have had multiple generations build wealth through owning land, real estate, oil, etc. that have lost it all in 1 generation! Wealth is incredibly hard to obtain and 10x harder to keep. Just because you are able to hand over your children and grandchildren wealth doesn’t mean that they will know how to keep it. They have to know how to handle the wealth if they are going to keep it. My focus will be on teaching them how to create and keep wealth, not handing it over to them.

How I will focus to create generational wealth will be the complete opposite of what most people want to do. My kids will not be handed anything in life, they will EARN everything. I will not give them money, instead I will be there to teach them what they need to know to get their own money. I will teach them what I’ve learned in my life that they can use to create their own success. When they need advice, I’ll be sure to provide it. When they are struggling through the rough times, I’ll be there to support them. My goal is to create kids who are good people. If I can do that, they won’t need my wealth, they will have their own.

What are your thoughts about creating generational wealth?


 I completely agree!

Post: Should I invest in a property before becoming an investor friendly agent?

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

I am currently studying to be an investor friendly agent in NY, and currently do not have any investments. I'm aware that investors vet out their agents by working exclusively with agents that invest. Would it be the right move to invest in a property before I take my exam and get sponsored in order to be more prepared for the field?

Any thoughts or advice is appreciated, Thanks!

Post: Books that your would recommend to Realtors

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

I'm currently studying for my real estate license in NY to was as an investor friendly realtor, and was curious what are some books that have made the most impact on your business as a realtor. 

Post: Experience investing in Multifamily homes in Queens, Brooklyn, Long Island

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

Hi Everyone, I would appreciate any advice based on experience, or any knowledge, of what it's like to invest in multifamily homes on long island, Queens, and Brooklyn (More specifically Queens). I live in long island currently about 30 minutes from Queens, which is where I was born and raised, so I am familiar with the area, but not too familiar with the investing culture that is (or isn't) present.

I'm 21 and currently studying for my real estate license, and am also interested if there even is an investors market for whom I could help buy rental properties in this area as an investor-friendly realtor in the future.

Any advice would be appreciated. Thanks!

Post: Picking a Real Estate Course

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20
Quote from @Sonya Brown:

There are all kinds of real estate courses out there. Are you looking for a particular asset class or more agent specific? 

Sorry I wasn't more specific, I meant a licensing course for the state of new york.

Post: Picking a Real Estate Course

Luca PerinuzziPosted
  • Real Estate Agent
  • Long Island, NY
  • Posts 24
  • Votes 20

I'm currently looking for a course to purchase, don't mind paying a premium if it provides extra value. If you're an agent and had a positive experience with the course you took I would love to know more about it.