All Forum Posts by: Nick Giulioni

Welcome to the community.  Do your research, work hard, and you can get there too one day.  I know that's what I aspire to!

@Odie Ayaga That's great advice! I hope Franklin takes it to heart.  I know at 19 I wasn't nearly as put together as he seems to be and I definitely wasn't open to hearing advice.

What is your definition of low end? Do you want to maximize potential cash flow or do you want to know with near certainty what you are going to receive on a monthly basis (but take less return). 

Real estate is fantastic and provides tons of opportunities, but there are always trade offs.

Hey Franklin - welcome to the community! It’s really great that you are looking to get involved on the ground floor and learn from someone who has experience. I wish I was as far along at 19 as you are!

The way you phrased your request here requires work/investment from the people on the boards and I know that everyone here is crazy busy. It’s awesome that you are willing to work - but I think you need to be more specific than that in order to get what you are looking for.

My recommendation for you (take it for what it’s worth) is to refine your offer to make it very clear as to what you can bring to the table. Could look something like “I’m willing to act as a bird dog/runner for investors in these 5 area codes.  Tell me what you buying criteria and I will bring you some deals.” This approach brings you under someone’s wing and exposes you to their model of thinking.

What you want to do is make add value and I respect the heck out of that. By refining your pitch you are making it easier for someone to take you up on it.

How do you find both sides of your market?

Welcome back to the game!

 I have a really really good team of people on the ground who help me get it done.  I just make the offer and they handle much of the rest.  I'm definitely planning on trading up that equity - but right now this is the fastest way I'm finding to quickly recycle my cash.

Sounds like you have a really cool business model that helps out individuals. Curious how you are marketing it.

 It is incredible how fast things change and how much you learn from each and every deal!

My initial plan was to maximize cash flow through B&C class duplexes/triplexes. That has largely shifted after doing several of those deals to maximizing my equity growth by buying 1-2 single family homes per month in A&B class areas that I can BRRR my equity out of. The long-term plan is to convert that equity into larger deals such as apartments (but I'm not quite there yet).

The only reason I've been able to do all of this though is because I have a really solid W2 and I don't need to count on the rental income.  Would be a different approach if I hated my job.

How about you?

@Account Closed Very good point. Do your research and understand you won't be getting the best possible deal.  Go in with your eyes wide open.

Turnkeys no longer fit my investing goals, but that doesn't mean that they don't have any merit. 

@David Moudy might be able to help with this.