All Forum Posts by: Matthew Gentile

Hi Investors and BP Community,

Having the right agent can make a world of difference in your real estate investment journey. My team at Candor Realty are all investor-focused agents who own investment property ourselves, making us able to provide professional advice no matter your investing style. (Short term, Long-term, syndication, etc.) We advise for the whole process, providing connections to financing, legal counsel, home inspections, and contractors as needed. The better your team, the easier real estate is.

If you are interested in investing in real estate or are a veteran investor looking for a powerhouse agent team to help guide you, reach out to me or any member of the Candor team and we can find out if we are the right fit for your needs.

We host free investor meetups throughout MA, NH, and ME. Let us know and we can find one closest to you to come and meet our team.

Let's make real estate work together.

My team and I represent investors in MA, NH, and ME. Happy to help out.

 Definitely agree with everyone above,

The tendency is to want to move quicker because it's true no one likes to build wealth or get rich slowly. Of course we want it to be fast. That isn't reality though, in the real estate world you have to be diligent and go through each step one at time before you move on to the next because they can crush you if you don't understand them thoroughly.

Crawl before you walk and 3 years out you will be rewarded. Consistency is the name of the game.

I find myself needing to be reminded to crawl first all the time. Keep at it.

 Send me a DM and I'll make an introduction.

I agree with @Francis Faucher completely.

Definitely not worth it to swap business models if one is working well, would be silly in most cases.

A few investors and agents on my team in MA are operating in the syndication space putting investor capital to work with great returns even by today's market. I'd be happy to get you in touch with them to see if it would be an appropriate fit, just let me know. 

As for tax strategy, definitely get a professional onboard for these capital ventures to analyze them with you. My accountant is spectacular, far more advanced than I need and I pay through the nose for him, but he has saved me an unbelievable amount. Price is what you pay, value is what you get and the value of a good professional is priceless in most cases.

Hope that's helpful!

Matt

 Luckily,

BiggerPockets is a good place to connect with like-minded investors and agents, just be sure to vet them outside of the forums. Not all agents will have your best interests in mind so protect yourself.

That leap you take to start a change in your life will typically always have some bumps and struggles, working through them is usually where the most rewarding growth happens.

Keep us updated how you are moving forward.

Congratulations, Maria!

Very happy for you taking the leap into Real estate investing, it's a venture that some folks never get off the sidelines for. Kudos to you. 

Is this build a multi-family home or a SFH? Excited to see your 60 day update.

Goodluck!

 If I were in your case, I'd iron out can I continue this level of success alone, if so am I willing to be a resource to my current team for payment? If they would flounder at your exit, you should command higher value for your service. It's not personal, it just part of business. If your teammates and colleagues are aware of your contribution they should understand that they need to step up upon your exit or make it worth it for you to continue for them. 

But like Brett stated, be loyal to you before you're loyal to anyone else. 

@Account Closed

Thanks so much for sharing, lead source is so critical and it seems to be where the most pain is felt early on. 

Question for you, when you say you buy your leads from a friend offshore, are you wholesaling over seas or are these local leads your buying offshore? 

Cold calling is a super power in todays world because 99% of business owners either don't like to, don't want to, or both. But that is in fact the "hard" in hard work.

I use mainly direct mail for my wholesaling and the highest rate of return on any individual campaign is between the 3rd and 5th touches after you've become a more "known" person to someone who needs help getting out of a jam or simply wants a no hassle exit.

Will be looking into hiring a VA soon, any companies you'd recommend?

Thanks.

Unbelievable to have this mindset and desire at such a young age, I wish I could've said the same.

I agree with Bruce, you will be fighting an uphill battle but that's not the worst position to be in when the stakes are most likely very low. (No kids, excessive debt, responsibilities that come with age, etc.)

By the time you reach 21 onward your experience level will be that of a budding pro when others may not even have begun which would be incredible for you and would carry a lot of momentum.

My biggest advice in the wholesaling world would be find someone who is doing it and doing it well, ask them to bring you on for free or very minimal pay and absorb all of the knowledge in return for time and effort. At your age, money should not be your driving factor it should be to acquire skills, money will come later and in boatloads if you develop your skills now. Some food for thought.

Kudos to you again, keep us updated on how you progress.