All Forum Posts by: Tony Pellettieri

 They sure do... which is why you likely have't found any, and why we can't legally share them. 

 Great advice in terms of looking at smaller towns around 45 mins away. Much less competition, lower prices, more motivated sellers, etc.

@Tamara Jackson

Welcome to BP!

If you're interested in attending a local REIA meeting there is a great one in Matthews, NC I attend weekly and would recommend. It's located at Jonathan's on Tuesday mornings 8am - 10630 Independence Pointe Pkwy, Matthews, NC 28105

@Andrew Lowery

Welcome to Bigger Pockets!

I would recommend educating yourself through books. I prefer audio books as I can listen to them at the gym, while I'm commuting, etc. A couple of great books on I'd recommend checking out on the topics of Acquisition using OPM and Creative Financing are below.

The Book on Investing In Real Estate with No (and Low) Money Down - Audio Book

Wealth Without Cash - Audio Book

Hope these help you as much as they've helped me! They should get you on the right track.

I'd also recommend checking out some local REIA groups. There is a great one in Matthews, NC I attend weekly and would recommend. It's located at Jonathan's on Tuesday mornings 8am - 10630 Independence Pointe Pkwy, Matthews, NC 28105.

Good Luck!

@Alecia Loveless

Find a good deal, and the money will be available to you. There are MANY lenders here on the BP forums. HMLs are pretty easy to obtain but are packed with fees. Depending on the price point of the properties you're pursuing, the % of fees can be high.

As far as finding deals... Opportunity is in the eye of the beholder. Get more proficient with analyzing deals. This will help you to better identify potential opportunities. One investor may look at a potential investment, either advertised for sale or not, and see no opportunity, while another may have the vision to see what is possible.

Education has been at the center of our success so far in REI. I listen to a lot of books on audible to continuously educate myself on whatever I am currently doing.

Hey Kevin!

We had a bit of an unconventional start in REI. Our overall business plan changed and was to scale about 2 months into our business. We first planned to Fix/Flip 5-10 houses in our first year, which many people we shared this with thought to be an audacious goal. After joining BP and changing our business plan, we now plan to BRRRR/Hold 50+ properties this year.

After many talks, and receiving much feedback, with fellow investors here on BP we knew we had to put systems in place if we wanted to even have a chance at obtaining our new goal. 

Build a Team. We ran across this Team Building Page on BP and used it as a template to start gathering the members of our Team.

Systems. As you scale, often times a good idea to do prior to scaling, putting essential systems in place to help you manage all of the additional work/tasks can be very helpful. A great book to read/listen to on the topic of scaling which I'd highly recommend, Clockwork, Revised and Expanded - By: Mike Michalowicz.

Organization. In our experience, when going from doing just a few projects at a time, to having many projects going on at any given time, being as organized as possible can help reduce feelings of being overwhelmed as you start to scale.

We are early on in our journey of scaling but just thought I'd give a brief overview of what we've been doing and what has helped us so far.

Good luck with growing your Rental Portfolio!

Hey Sebastian, Welcome to Bigger Pockets!

We similarly started out with the plan to Flip a couple of houses then started to Hold.

There is much to learn, especially when just getting started and I would encourage you to invest some time in your education.

I've found Audible Audiobooks are a great resource to learn from. I use Audible daily. I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.

A couple I'd recommend to you based on your post are..

FLIP - How to Find, Fix, and Sell Houses for Profit

The Book on Flipping Houses How to Buy, Rehab, and Resell Residential Properties

This book is not currently available on Audible but a must read

The Book on Estimating Rehab Costs - J Scott

Bigger Pockets has become one of my best resources. I encourage you to get involved, ask questions, be open to feedback, and allow other seasoned investors to help guide you along your journey of Real Estate Investing.

I'd also check out local REIA meetings, this can be a great place to get to know other investors in your area and network with people.

Best of Luck!

Hey Orhi, 

Looks like it's priced at/above retail. It's been on the market 1 day which tells me the seller likely isn't motivated yet to give you a great price or terms. What is your overall goal/plan for this property? What are you looking to accomplish?

Hey Rafael, Welcome to Bigger Pockets!

We currently practice the BRRRR strategy.

There is much to learn, especially when just getting started and I would encourage you to invest some time in your education.

I've found Audible Audiobooks are a great resource to learn from. I use Audible daily. I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.

I currently have 200+ books in my library and if you'd like any recommendations on a particular area of study, send me a message and I'd be happy to provide you with some.

A couple I'd recommend that will give you a "crash course" are..

Buy, Rehab, Rent, Refinance, Repeat - The BRRRR Rental Property Investment Strategy Made Simple

FLIP - How to Find, Fix, and Sell Houses for Profit

The Book on Flipping Houses How to Buy, Rehab, and Resell Residential Properties

This book is not currently available on Audible but a must read

The Book on Estimating Rehab Costs - J Scott

Bigger Pockets has become one of my best resources. I encourage you to get involved, ask questions, be open to feedback, and allow other seasoned investors to help guide you along your journey of Real Estate Investing.

Best of Luck!

 Hey David, check out this Page. These are many of the Team members you'll need as you grow your business! Scroll down to the bottom half of the page. I'd print the page out and start identifying the people who serve these roles to help you build your business. We've done this and it's been a great way to build our team.

https://www.biggerpockets.com/real-estate-companies