All Forum Posts by: Steve Kontos

Keep on buying!!!!!!

@Paras Jain

First off, awesome to hear about your growing portfolio! Secondly, you can absolutely refinance and you should definitely take advantage of the rates before they increase. Terms vary depending on what exactly you want to do and what size these properties are.

Google local banks by your properties. Feel free to reach out if you need any help and good luck!

@Will Gebbie

I too live in NY and began investing out of state 13 years ago. Seeing the mess that's going on here, I am so happy I never really bought much in NY. I recommend you reach out to successful out of state investors and ask specific questions. It's about identifying what type of investing makes the most sense for you based on your financial situation. Also, yes having a team on the grounds is key. Feel free to reach out if you have any further questions.

@Antony Munoz

I would attend local REIAs and this website. Keep talking to more individuals and make your own assessments on who you feel would provide the best value for your real estate business.

@Antony Munoz
You need to identify what kind of real estate investing you want to do. Once that is decided, you should then reach out to those who have succeeded in that type of real estate investing. It'll save you years of making avoidable mistakes and will give you an advantage versus just buying on your own with no guidance or support.

@Paula Agustina Zampallo Ramirez

Congratulations and we look forward to hearing about your next deal!

@Caleb Crockett

I would take the time to research and understand the type of real estate investing you have the most interest in. Once you have done this, try to contact those who have done that type of real estate investing successfully so you can proceed with an advantage versus just investing completely on your own with no guidance.

Best of luck and welcome!

@Max Fowler

1. Yes. There are many out of state investors who have successful out of state real estate businesses (myself included).

2. In regards to the PM route, it all depends on the size of buildings being purchased and what your long term goals are. I personally use property managers for all my buildings because my main goal is to focus on growth.

Best of luck and thank you for your service!

@Collin Schwartz

Your initial post was a great start to a great thread. I am so happy for your success. Keep focused throughout your real estate journey and always be adaptable to your environment.  Best of luck and thank you for this post!

@Joseph S.

In my experience it is always best to go with the longer amortization and take the cash out so you can continue to grow your portfolio.  It is a great time to buy so the pros outweigh the cons.