All Forum Posts by: Michael Beinetti

Yes and yes! PM me and I'll give you intel.

Do your homework then pull the trigger.

There's heavy investment activity in Rochester and always opportunity to get involved.  If you need more intel for your list development feel free to hit me up.

You'll find many good folks in Rochester willing to jump at the chance to help you out. It seems as though you've done your homework and are ready to get your hands dirty!

Opportunity and adventure is the only time I become a "yes man". :-)

@Benjamin Burket What's the rest of the story? :-) 

@Alan Smith Hey friend!!!  Glad to see you here!  Very cool to see you are venturing into the investing realm.  Tons of great info here and amazing people (as you can clearly see by the responses!).

Talk soon!

My first rental was as an owner occupant.  It was not intentional to become a landlord in the sense that I knew what I was getting into.  I bought the house for $122,800.  The rent at the time for the upstairs (Boston style duplex) was $630/month, under rented even at that time.  I remember the grief I got from the mother of my tenant when we met and I informed the tenant that I was raising the rent to $700 for the up apt.  The current rents are now $850 down and $1000 up which meets market standard. 

The current market value of the home rests in the $170k range.

My story is more falling into something good and holding on.  I've learned a lot over the years and have continued to expand my portfolio as well as set loftier goals.  There was no criteria that I was operating with at the time.  I really didn't start thinking that way until BP and I grew closer over the last several years. ;-) 

The worst thing you can do is nothing.

@Mark Updegraff  "Those that can let everything go, take good advice, and make a calculated risk are those that actually succeed."

Truth.  Calculated risk is the best kind of risk!  

@Martin Grizzanti

Have you connected with a suitable lender yet?  I've got a few connections here in Rochester that I could point you in the direction of.  

@Jake Kodweis

Steve Pheterson

Anthony Iacovangelo

John Marchioni

Matt Fero

All are attorneys I've worked with (or am currently working with) on deals.  All are good.  All represent a little bit differently.  There are plenty more I've been a part of deals with and have good experiences with.

@Joshua Womack

I have a couple great connections if you are still vetting folks.  PM is critical and I have a solid reference for that!