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All Forum Posts by: Mario Arnone

Mario Arnone has started 7 posts and replied 16 times.

Post: First Time Wholesaler Needs Help, Central New Jersey

Mario ArnonePosted
  • New to Real Estate
  • Philly/ Ewing New Jeresy Area
  • Posts 18
  • Votes 14

Thanks Ian. Looking to join groups locally and learn as much as possible. 

Post: First Time Wholesaler Needs Help, Central New Jersey

Mario ArnonePosted
  • New to Real Estate
  • Philly/ Ewing New Jeresy Area
  • Posts 18
  • Votes 14

@Antonio Cucciniello

Hi Antonio. Sounds great. Thanks!

Post: First Time Wholesaler Needs Help, Central New Jersey

Mario ArnonePosted
  • New to Real Estate
  • Philly/ Ewing New Jeresy Area
  • Posts 18
  • Votes 14

Hi All: I'm new to the real estate game. I lost my restaurant and income due to COVID and am looking to start wholesaling to learn and hopefully make some much needed money to help with living expenses. I found several properties in my neighborhood and I'm scheduled to tour them tomorrow. I have more on the way. I'll need a few local flip or BRRRR investors. Is anyone willing to work with a newbie trying to learn the ropes. I live in Ewing Township New Jersey. Any help on my first step here would be great. Contractors, investors please contact me. Thanks for reading and helping!

Post: Should I Use My Equity To Buy Another Property

Mario ArnonePosted
  • New to Real Estate
  • Philly/ Ewing New Jeresy Area
  • Posts 18
  • Votes 14

Thanks everyone for your help! Looks like first step is to try and refi, if not selling is next.

Post: Should I Use My Equity To Buy Another Property

Mario ArnonePosted
  • New to Real Estate
  • Philly/ Ewing New Jeresy Area
  • Posts 18
  • Votes 14

Thanks Steve!

Post: Should I Use My Equity To Buy Another Property

Mario ArnonePosted
  • New to Real Estate
  • Philly/ Ewing New Jeresy Area
  • Posts 18
  • Votes 14

Hi All: I'm a 55 year old newbie to real estate investing. I've had a triplex for many years and doesn't really cashflow well. Since I've had it for 15 years (only 9 years left on the mortgage), I have 200k worth of equity. Should I sell the property take the 200K and reinvest into a better deal with more cashflow? Should use all the money and put most of it down to get great cashflow or split the money into several properties?

I currently have no income since I'm a restaurant owner (:() and have taken the forebearance options on the property to help out. Credit score is decent at 708. I'm a buy and hold guy, would do a BRRR. Not into flips.

Any help on this matter would be appreaciated!!  Thanks in advance everyone!!