All Forum Posts by: Tony Pellettieri

Hey Lucas, Welcome to BP!

Buying Real Estate requires Capital. That Capital may be your own, someone else's, or a combination of the two. Many investors utilize OPM(Other Peoples Money) to invest and acquire real estate. When Private Lenders & Banks lend money, they prefer to lend to someone that has a good plan in place. That being said, getting educated before you start investing would be my advice to you. Listen to books, stay involved on BP, see what others are doing. Ask questions. LEARN. I started learning using Audible to listen to books. I currently have 200+ in my library, many of which I've listened to many times.

You have many options to acquire the capital to purchase real estate. A lender is going to look at your experience, knowledge, and strategy when making the decision to lend money to purchase real estate.

Good Luck and stay engaged!

Hey Blanca and Welcome to Bigger Pockets! Glad you're here.

Never stop learning. Audible is a great way to listen to books throughout the day when you're commuting, at the gym, etc. Lots of books on Multi Family Investing and House Hacking available.

Good Luck and stay active on BP! It can be a phenomenal resource if used correctly.

Quote from @Lataw Bawknaw:

Thanks. I do listen multiple times brrrr book. But not flip.will do thanks 

Another good one I may suggest, also available on audible...

Real Estate by the Numbers

Quote from @Avery Biles:

Rookie here,

I'm possibly looking into the BRRRR method on an SFH or duplex. I was wondering what was the best way to estimate the rehab cost. I have a few more questions about the BRRRR method that I don't understand but for now, this is my first question.

Thanks in Advance,

Avery

 Hey Avery, Welcome to Bigger Pockets!

Buy and Read this book

The Book on Estimating Rehab Costs - J Scott

If you are interested in using the BRRRR strategy and haven't gone through the book already, I'd highly recommend listening to on Audible or reading the hardcopy of the book. The book FLIP is very informative as well. I believe learning by educating yourself is the best base for achieving success.

BRRRR Hard Copy

BRRRR on Audible (1st and 2nd download w/ audible are free I believe)

Good Luck!

Quote from @Lataw Bawknaw:

7720 Rock Creek Way, Sacramento, CA 95824

Hey Lataw, Welcome to Bigger Pockets and the world of Investing!

A great place to start before investing in real estate is your education. Have a good understanding on the area in which you're looking to invest before you invest. Learn how to calculate what a property will cash flow.

If you are interested using the BRRRR strategy and haven't gone through the book already, I'd highly recommend listening to on Audible or reading the hardcopy of the book. The book FLIP is very informative as well. I believe learning by educating yourself is the best base for achieving success.

BRRRR - Bigger Pockets Hard Copy

BRRRR on Audible (1st and 2nd download w/ audible are free I believe)

FLIP on Audible

Good Luck!

Quote from @Eric DePoto:

Hello everyone!  I am an investor with a background in syndicate investing and long term rental.  I am here to learn more and explore down the rabbit hole!

 Hey Eric, Welcome to BP! This is a great place to learn, discuss, and receive feedback.

If you're looking for a good local meet up there is a great REIA meet up in Matthews, NC I attend weekly and would highly recommend. It's located at Jonathan's on Tuesday mornings 8am - 10630 Independence Pointe Pkwy, Matthews, NC 28105.

The Book on Flipping Houses - J ScottQuote from @Shaun Fogleman:

So I'm finishing up building my fix n' flip team and the last on my list is a general contractor. What things should I ask during the first meeting to properly vet a GC? Thanks!

 Hey Shaun, Welcome to BP!

A great book to read/listen to if you are interested in fix n' flips I'd highly recommend, that explains the process of hiring contractors, is The Book on Flipping Houses by J Scott. Chapter 15 specifically. Link below.

The Book on Flipping Houses - J Scott Audible

The Book on Flipping Houses - J Scott Hard Copy

Good Luck!

Quote from @Maha Kira:

Hi Everyone,

I'm new to BP and trying to learn few things. I own Multi Family (4-plex) in Salisbury, NC. Currently, it's being managed by a Property Manager but I'm planning to take it over and try to give it to Traveling nurses (or) go through Alcove website to rent each bedroom separately. Any thoughts if am going in proper direction ? 

Hey Maha, Welcome to Bigger Pockets!

When I want to learn something, or become more efficient/effective, I often turn to educating myself through books. I prefer audio books as I can listen to them at the gym, while I'm commuting, etc. There are many books available on the topic of Property Management, and Rental Properties Here's a few for example.

The Book on Managing Rental Properties

The Book on Rental Property Investing

If you're looking for a good local meet up there is a great REIA meet in Matthews, NC I attend weekly and would highly recommend. It's located at Jonathan's on Tuesday mornings 8am - 10630 Independence Pointe Pkwy, Matthews, NC 28105.

Good Luck!

Hey William, Welcome to BP and the world of Real Estate Investing!

If you're looking for a good local meet up there is a great REIA meet up in Matthews, NC I attend weekly and would highly recommend. It's located at Jonathan's on Tuesday mornings 8am - 10630 Independence Pointe Pkwy, Matthews, NC 28105.

A lot of investors, including wholesalers, at that meeting to network with and learn from.

I would also recommend educating yourself through books. I prefer audio books as I can listen to them at the gym, while I'm commuting, etc. There are many books available on the top of wholesaling. Here's a few for example.

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

Good Luck!

Hey Pradip, Welcome to BP!

We practice the BRRRR strategy and have been focusing in Chester/Lancaster. Honestly anywhere within an hour from Charlotte are good farm areas. We like the less expensive/rural areas as they seem to generate higher RoRs.

If you're looking to network locally, there is a great REIA meet up in Matthews, NC I attend weekly and would highly recommend. It's located at Jonathan's on Tuesday mornings 8am - 10630 Independence Pointe Pkwy, Matthews, NC 28105.

Best of luck and if you have any questions feel free to let me know!