All Forum Posts by: Paul Dante Pronio

Thank You Juan. I will keep this contact info should I revisit the NYC area but at the moment I am looking outside the city right now for various and personal reasons. Im also hoping to see some great opportunities for appreciation in some of the outlying areas as opposed to the city at the moment. Ill keep an eye on developments in and around the city. 

Thank You and Im glad to connect

Thank you @Juan Barreneche. I’ll keep you in mind should I need to shift my focuses. I’m currently in the hunt and I believe I may be working with someone in the same circles as you. Thanks again. 

@Alexander Szikla

Hi. thank you for your response.

I after all these years have not been renting in NYC I dropped my apartment last year and have been living rent free with my GF in her owned home. so thats good news. Buying in NYC has crossed my mind but I dont know what I want to or would do living there unless I am rich. I guess I could get rich as you say in the real estate market of NYC I just never though it possible. I was a little disheartened when the prices in the city didnt totally tank during covid. It seems NYC is fireproof when it comes to real estate and I do think its a safe bet for sure. And it is something I will seriously consider because you do have a good point that its poised to go up in the near future if and when inflation shoots up. Thank you for opening up my mind to that possibility. 

@Frank Chin

That's a great story I loved reading it and it does bring a new angle to think about, crazy how he was some what owned by the broker. I do agree it would be a good lesson in real estate to take the courses and even the test but I guess like in Good Will Hunting you can get the education for a few dollars in late fees at the the library. Or better yet like you said real life experience. Ive been learning a lot just on this forum and talking to seasoned investors like yourself. Thank you for the insight and the great story.

@Basit Siddiqi

This is my thinking as well and getting my real estate license could be that other business Or I was also looking into automated carwashes as well. But either way I want to use the time I have and the money I have to work for me. I am also thinking to start the refinancing process on my current property to have a larger lump sum of cash on the sideline for an opportunity in the near future. I also want to take advantage of the low rates and high home prices at the moment for the refinance. Do you think thats a good idea in the current market environment?

@Frank Chin

Good information and I didnt know the real estate sales industry took such a downward turn. Is that mainly in the NYC metro area? (I know real estate practices vary state to state to some degree) 

Im from Queens too and still work in the city but im keeping my distance these days and dont know if I feel the need to come back full time. As a matter of fact my old accountant was in Bayside. But I guess my real question is could I use the license to make way for bigger opportunities in real estate and investing or is it a waste of time?

@Kevin Uzelac

Hi Kevin. seems like we have a locale in common. Philadelphia is a market at the top of my list for investments mainly due to the fact that I have a successful property there already and some people I work with there to help manage and maintain the property. That said Id like to connect and discuss the flip idea more. My only hesitation at the moment for that approach is the scarcity and obscene costs of materials as well as lack of contractors available. Im hoping to see that ease up and come back to normal but in the mean time I would be interested in looking for those opportunities and getting my ducks in a row. I see you do wholesaling so maybe its advantageous for us to talk further...

@Steven N Nelson

Thank you for the advise. I have been talking to people thought my hair business and have made some good contacts of various degrees. But I like the idea of joining local groups or real estate investing groups. How do you find those communities? Im not active on Facebook and never have joined meet-ups but I am totally open to it. do you have a platform you use to finds such groups? thank you again!

To make this quick and to the point I am a hairstylists in a shrinking industry and am looking for a new career path. I have a rental property in Philadelphia but otherwise have rented in NYC for 20 years. I have equity in the PA Property plus significant appreciation plus I have an additional 50-60K in liquid assets to throw into a new investment. I am ultimately seeking financial freedom made from a new livlihood. Covid has allowed me to reset and I am open to living in new markets and making big changes. Househacking seems to be the easiest way to get a start on building a portfolio of properties so I believe that could be part of the equation but my real question here is would it be to my benefit to pursue a real estate license? Would it open the door to new investment opportunities or new possibilities in the real estate industry outside of buying and selling? I need a new life and a better shot at financial freedom than what I am getting cutting hair 2 days week.

Any advice would be welcome. Thank you Bigger Pockets Community 

@Jonathan Pavkov

This is a great site I’m new here and love the positive energy and camaraderie. I hope to some day work with some of you and share valuable helpful info.

🙌🏼