All Forum Posts by: Nicholas Candaffio

Thanks everyone,

I will probably continue to save up and search for partnership opportunities. 

I'm curious though as to why people are suggesting rentals. Don't they all the same many of the same low cost property pitfalls, except I'm paying a price much closer to the market value? 

Thanks @Tim S.

You've definitely defined some of the pitfalls of a 401k loan and if my goal was general wealth building, that would be good advice. However, my overall goal is early retirement (at least from W2 income) so I'm looking for assets to provide cash flow now, not in 30 years.

My servicer allows me to make payments after I leave employment and my "cash" number above is less a reserve for the taxes and penalties I would need to pay if I converted the loan to an early withdraw. As for the paycheck deduction not being tax differed, than money would have otherwise been saved as after tax cash anyway.

Hi Everyone,

I've been doing some research and I think that non-performing 1st position notes are probably the best place for me to start given my situation. I currently have 20k I could borrow from my 401k as well as about 10k cash on the side. I'm getting conflicting advice from different articles and books I've been reading. Some say to wait until you can afford a small portfolio of notes before you start investing, others say doing is the best way to learn so get your feet wet. 

I'm looking for some advice from the group as to whether to hold off and keep saving up, or pull the trigger if a good deal comes along. Thanks in advance!

So how did it go?

Thanks @Ryan Murdock and @Kuba F. very helpful.

Hi BP,

I'm trying to analyze a property that has detached 1/1 inlaw suite and I'm not sure how to comp it for ARV. There aren't really any other sales with one recently so I'm not sure what I should do. Should I comp the main house to similar floor plans, then add in the suite, or comp the whole property to other properties with the same bed/bath make a deduction for the separate floor plan?

Hi BP,

I've done a couple of house-hacks off of MLS deals in the past, but like in most of the country, good deals on the Orlando MLS are drying up and I'm looking for my first off-market deal, non-owner occupied deal.

In your opinions, where would be the best place to focus on first? Should I start marketing with direct mail or should I save the time/money and try to build relationships with some good wholesalers in my area?

Thanks in advance.

Edgewater Highshool

http://www.cfri.net/Events.aspx?ID=Monthly-General-Meeting-CFRI-Business-Member-Trade-Show-Holiday-Party-26-12-7-2016

Hi Orlando investors, 

My business partner and I will be attending the CFRI meeting tonight, hoping to connect with some wholesalers and hard/private money lenders. It'd be nice to know who's going so we can meet up and chat.

We've been looking for fix and rent / BRRRR opportunities is C-B type areas (Holden Heights, Conway, ext).

Thanks for the feedback @Jon Klaus and @Mike Sattem!