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All Forum Posts by: Tony Pellettieri

Tony Pellettieri has started 17 posts and replied 136 times.

Post: 18 Year Old seeking to provide value

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

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!

Post: Help me out to evaluate memphis townhouse

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72
Quote from @Orhi Tahi:

Hi Memphis Investor,

What are some pros and cons you see for this investment:

https://www.zillow.com/homedetails/2297-Belin-Dr-Memphis-TN-...

Thanks 

Orhi


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?

Post: New RE investor -need that BRRRR !

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

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!

Post: Building a rehab team

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72
Quote from @David Zimcosky:

Hi everyone my wife and I are from the Cleveland, OH area. We have 1 single family rental under our belt. For our next investment, we want to use the BRRRR strategy. Does anyone have any tips on building a rehab team from scratch? We currently do not have a contractor or rehab team to work with. Thanks!


 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

Post: NEWBIE - BRR for my first investment?

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

Best of luck!

Post: Real estate Reset

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

Hey Nakia, Welcome to Bigger Pockets!

Have you decided on which strategy you'd like to pursue starting off?

BRRRR, Short/Med/Long Term Rentals, House Hacking, Wholesaling.. To name just a few.

I'd recommend learning as much as you can about the niche of REI you're interested in.

Audible Audiobooks are a great resource to do that. I use Audible daily. I can listen to books and educate myself on whatever I want while at the gym, in the car, etc. If you'd like any recommendations feel free to let me know.

BP has personally became one of my best resources. 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!

Post: Just became Pro! Looking to invest in the Brevard County, Fl area.

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

Hey Adam, Welcome to Bigger Pockets!

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

It sounds like you're interested in utilizing methods to find off market deals which can be a great way to acquire properties at amazing prices!

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 to you based on your post 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!

Post: Investing remotely out of state

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

Hey Jonathan!

The BRRRR Strategy can a GREAT one as you can increase the value of a property through rehab prior to renting it.

I'd recommend learning as much as you can about the different aspect of it...

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

There are a wide array books available and a few I think may benefit from, if you haven't stumbled across them already, are....

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

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

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!

Post: Trying to figure out REI in the current economy

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

Hey Dan, Welcome to Bigger Pockets!

I think considering to educate yourself before beginning is the RIGHT choice. Many new investors get started knowing little to nothing. While I don't recommend waiting until you know everything before getting started, I think having a decent understanding of what you're investing your/other's money in is smart.

Perhaps you're not reading the right books?

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 over 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. 

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!

Post: New too Real estate investing

Tony Pellettieri
Pro Member
Posted
  • Investor
  • NC / SC
  • Posts 142
  • Votes 72

Hey Hunter, Welcome to Bigger Pockets!

Fix/Flip & Wholesaling - Both GREAT strategies that can work well with each other!

I'd recommend looking into the BRRRR Strategy. Buy, Rehab, Rent, Refi, Repeat.

Decide if you interested in Short/Med/Long Term Rentals. Are you interested in increasing the value of the property through rehab prior to renting it?

I'd also recommend learning as much as you can about each while you embark down the path of pursuing them.

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

There are a wide array books available and a few I think may benefit you to start with 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 Ultimate Guide to Wholesaling Real Estate

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!