All Forum Posts by: Tyler Piciullo

So I am currently a Realtor but want to transition into being an investor. I hired a coach with a stellar track record and we have been working together for a few months. My goal is to make my everyday income off of being a real estate investor while I acquire rental properties. I currently rent and a 3.5% down payment on a 450K fix up house at 6.5% interest sounds daunting. Flipping sounds capital intensive to start (some people say i can raise a lot of private funds for the fix and flip and others say I need most of my own capital to start)

My question is, what should be a very rough business plan or somewhere I can aim my sights on. I feel very spread thin at the moment looking at owner financing, putting my own money 20% down on a rental, BRRRRR, fix and flip etc...

Ok so “money in the account” would that be 20% down + the rehab costs?

Thanks for the clarification. 

Let's say I found a deal. Hard Money Lender is requesting 20% down and will finance 80% of purchase price and 100% of the rehab. When it comes to the 20%, I heard that the HML wants to always stay in the first position and pretty much would like to be the only lien on the property. If I were to raise the 20% from friends & family with promissory notes guaranteed by the LLC is this possible?

Hi. Let's say that for a zipcode the local Section 8 HUD Payment Schedule is $2500 after utility deductions call it $2300. Now let's say the going rent in that zipcode is $2,900 for a non-section 8 program tenant.

Question 1. Can I ignore the payment schedule and still ask for $2900 and go for a section 8 tenant? (Hoping they contribute the amount to cover the difference $2500 to $2900)

Question 2. Would it be better to just assume..hey with Section 8 I am only going to get the payment standard of $2500 So this isn't a Section 8 market and should just go for a normal paying everyday tenant at $2900

Great, I figured that @Mohammed Rahman

General question here. I’m new. I understand that fix and flipping is an active business like a job and buy/hold is passive like an investment. My question is if you’re a full time fix and flipper looking to get into buy/hold real estate does that career path give you better skills, better deals, and a better chance of knowing the business and acquiring more buy/hold investments vs just being an employee or a business owner running some random company? 

Ok but what if I’m analyzing 10 properties? Have searches run on all of them or only if it gets serious? Wouldn’t it get costly?

Hey guys, quick question. I came across a seller who is in distress. I am looking at an ARV of $400K and they are ok with letting the property go at $200K. They have a mortgage on the property of around $75K and are behind one payment.

Question, how do I do my due diligence to see if there are any Hidden liens? Second mortgages? Judgements? Litigation? Etc...

I had someone tell me to use the county clerks office and other city sites etc...I had another person tell me to simply make a FOIA (public records request) for all the info.. please advise :)