All Forum Posts by: Salvatore Leonetti

Hello BP my question is at what point in all of your opinions do you feel you have reached the point to start spending money from cash flow on things other than gaining more assets. I'm starting out and obviously all I'm really concerned with right now is gaining more and more assets for more cash flow! But there is gonna be a point where I want to do things. Such as part of my goals, pay off my parents debt, buy gem a new car, buy myself a new car, a house for my parents, etc. I don't really care about living the Richie rich lifestyle but once I reached my goal of becoming a milionare I definitely want to spend on some stuff. Thank you!

Drew Markert thank you for the advice sir. I'll definitely look into it!

Eric Anderson thank you for the advice sir. I need to do real estate investing because I see it as a way to become financially free and to not only be able to support myself but to give back to my parents who have given me so much. My goals are work,save, learn all I can about the type of real estate I want to do, and invest that money to become financially free. I'm 22 now and the goal for me is to become a millionaire either on or before I'm 30 years old. I have 8 years to make this happen. Don't get me wrong I love my job and all my bosses and leaderships love me. They see me in the next few years becoming very successful there, and I could make some good money if I just lived the "normal" 9-5 job. But I've come to realize I don't want that for the rest of my life. Working 20-30 years always gaining liabilities and never any assets. Sure it's probably the "safe way" but I don't think it's gonna get me want I want to do In life. "Pay off all parents debt" " buy parents a house" "gain true independence" etc I've been studying this world of real estate now for about 2 weeks.. and oh my what a topic! But I know I can do it! It's just gonna take time and I can be patient. My first step now is learning about the real estate I want to do, finding a mentor who can help guide me, and obtaining my first asset. Good luck to you sir and thanks!

Charlie MacPherson thank you for the advice!!

Hello all! So does have mediocre or bad credit affect you ability to buy properties? Unfortunately someone wrongfully filed stuff on my credit report and while I'm in the process of disputing it. It's gonna take a while before anything is done. Should I keep focusing on improving it? Or can I still move forward? Thanks!

Hello all! As I'm starting out this journey of real estate investing I realize that need a mentor cause I have no idea what I'm doing haha. I'm learning all I can but I want sometime who can help lead me in the right direction that I can talk with on a regular basis. What have you all done to find your mentor when you started out? I'm in the process of trying to find one. I live with my parents and I know they have landlords. I thought about maybe reaching out to them and seeing if they could help steer me in the right direction and if not then maybe they could help get in contact with someone who could. I fully realize time is The most precious asset anybody has and while I may not be able to pay for their services I will definitely find other ways to help such as working on their houses or whatever. Is this a good place to start? Thanks!

Nichole Stohler lol good to know! Thanks!!

Nichole Stohler still trying to figure that out. Like I said I'm just beginning my career in this. Off hand though I think I would like to do either single family homes and or duplexes and triplexes. If I may ask when you partner with someone do you take a big hit when it comes to your cash flow? Do you split it 50/50? Thanks!

Hello all! I'm about 2 weeks in to my real estate journey and will soon make moves to buy my first asset! So excited!!! What I would like to know from everyone is their experience when starting out if they went solo or partnered with people. Partnering seems good because I don't have to use all my money but it seems like I would get all the cash flow I could in terms of renting out places to people? Did anyone else have this? Is going solo in the long run better or is partnering now gonna help give me more knowledge and learn faster?Thank you!

@Drew Markert thank you for the advice sir! Yeah my ultimate goal is to be a millionare by age 30. I'm 22 now so I have 8 years to reach it so I know I want to be aggressive with it but also having patience as I know these things won't happen overnight. 

And yes! I want to reach out and find locals who have my mindset on investing as well. Do you think this site is a good place to find them or are there any other better/faster ways to find investors? Thank you!!!