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All Forum Posts by: Tony Pellettieri

Tony Pellettieri has started 17 posts and replied 136 times.

Post: Starting out on my first rental property

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

Welcome to Bigger Pockets!

Are 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 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.

I joined BP about 2 weeks ago and it's become 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.

Learn how to analyze a deal to determine if the investment makes sense for YOU. Make a post about the investment you're considering pursuing and see what others think about it.

Best of Luck!

Post: Guidance or strategies for first time investor

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

Hey Angelina, Welcome to Bigger Pockets!

You'll first need to pick a strategy. Are you looking to BRRRR? Are you interested in Short/Med/Long Term Rentals? Are you interested in increasing the value of the property through rehab?

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.

I joined BP about 2 weeks ago and it's become 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.

Learn how to analyze a deal to determine if the investment makes sense for YOU. Make a post about the investment you're considering pursuing and see what others think about it.

Best of Luck!

Post: Planning my second purchase

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

Hey Syed, Welcome to BP!

I just saw you're near Seattle. I'm from there originally as well. I lived in Mill Creek and moved over to the Carolinas back in 2006.

I joined BP about 2 weeks ago and it's become 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.

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

Audible is also a great resource. I use it daily. I can listen to books and educate myself on whatever I want while at the gym, in the car, etc.

Best of Luck and see you around on the Forums!

Post: Wholesale, fix and flip

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

Hey Jerry, Welcome to Bigger Pockets!

Are you in/near Charlotte, NC?

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.

I'm located just south of Charlotte in Fort Mill, SC and am starting a local weekly group that will meet in Rock Hill, SC that I invite you to attend.

The 1st meet up will be on Wednesday Morning Feb 14 at 8:30am

Location: Rock Hill Diner - 2254 Cherry Road, Rock Hill, SC 29732 

Post: I Love Realestate

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

 @Tony Pellettieri, thanks for the info.  I am working over the next few Tuesdays but will definitely get in on that.  I may bring some other ppl to it if that is okay?

Of course. Anyone is welcome to attend. I’ll be starting a Wednesday morning group as well in rock hill, sc around the same time for local investors to attend.

Rock Hill Diner
First Meeting Feb 14 8:30am

Post: Wholesaling for New Investors

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

@Tony Pellettieri Thanks for reaching out and connecting! I will definitely try to come out one of these Tuesday mornings soon. I often listen to the BP podcast and others especially while in the gym, so its helpful. Appreciate the links as well!


 Look forward to meeting you. I hope you make it and am happy to help however I can.

Post: New to wholesaling, Looking for Help.

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

Hey Richard, Welcome to Bigger Pockets!

In terms of books, there are many out there. Whether you prefer to read hard copies or listen to audio books(my preferred method), here are a couple on the topic of Wholesaling.

The Ultimate Guide to Wholesaling Real Estate

The Beginner's Guide to Wholesaling Real Estate

Bigger pockets also has a book on the Subject How to Wholesale Real Estate

Hope this Helps and gives you somewhere to start. Good Luck!

Post: Need advice about a lender

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

Hi,

I spoke to a lender about a home loan for a primary residence. This will be my second loan. I currently live on a property I bought last 2022. I am doing medium term rentals (MTR) with 2 tenants at the moment. The lender told me I have to provide lease agreements with at least 12months minimum of stay. I told him I do MTR and tenants only stay 3-4mos. He said it’s their requirement. I might just drop the application. I like the lender because I can do 5%dp and my current loan is with them. Any advice? 


 Private lenders have much more flexibility than Conventional Lenders. I would reach out to, and I’m sure you’ll get quite a few responses from on this post, other private lenders. Each company has different guide lines. There are few regulations and each lender is able to operate how they choose. Depending on your relationship with a lender, they can move heaven and earth to get you funding same or next day. The more business you do with a lender the more they will do to help you and keep your business with them. 

Post: Real Estate Investor

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

Hey Soninha, Welcome to Bigger Pockets!

What area's of REI are you interested in pursuing?

Post: New member intro

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

Hey Robert, Welcome Back to Bigger Pockets!

As I'm sure you know, BP can be an incredible resource.

Good Luck in your endeavors!