All Forum Posts by: Nick Giulioni

@Travis M. You will need to find an investor friendly lender, but they exist. Literally just did this a couple weeks ago and am closing on the refi on the 31st. BOE was my lender on this one.

How are you acquiring the properties? If you are buying cash, then you can pull out your acquisition price + documented repairs (assuming those come in <70% of rehabbed value of the house.

That's awesome! Keep it up!

I wouldn't want tenants to be responsible for making repairs because that means they will cut corners. Definitely NOT worth it.

@Rick Hanrahan Any chance you are willing to share your sheet (scrubbing out your own data)?

@Michael Backer Also - there are other creative approaches you can take. Ever considered seller financing?

@Nick Quarandillo What are you studying right now? 

My perspective (for what it's worth) is that college didn't inspire me all that much. Because of that, I worked 30-50 hour weeks in internships and jobs to keep my mind active. 

While college wasn't the most exciting thing in the world for me, it did open the doors to a career that turned into 6 figures in income in less than 2 years (and continues to grow).  This income has allowed me to invest every spare dollar into real estate at a rate faster than most college dropouts.  My relatively high income has allowed me to get on a trajectory that will have me financially independent (and not the penny pinching kind) before I'm 30.  I couldn't have done that without college opening the door to my career.

You are going to do whatever you are going to do and there's nothing here that anyone can say that will stop you.  Higher education increases your odds of success.

This makes me really sad. The stuff he talks about on his podcast are legitimately interesting and he covers it well. Too bad he got in over his head and did this to people.

Due diligence everyone! Trust but verify!

From my limited experience, I've learned more by just "doing it" than any amount of business schooling.  If my education was paid for though, I would consider accounting. Could help you get a greater grasp on the analysis.

Welcome to community!