All Forum Posts by: Tony Ferrero

Appreciate all the responses and pms.   If you see this after the fact please still post your response for the community band I may still reach out!

Those of you that live in/around the Saint Louis area, can you refer your CPA/Tax pro to me?  I have sold 2 homes this year so I need some capital gains tax strategy for 2021 on top of some advice on how to structure myself as I pursue growing my portfolio in 2021. 

Nice!  I'm in the metro east area of Saint Louis, mind if I ask what part of the city this is in?  Feel free to DM me.  Congratulations and GO GET IT!

Hey guys, exactly the kind of advise I was hunting for - All of my previous investments were pre-BP and I tended to buy post-reno.  I just fell into renting/selling depending on my market when I moved and my mortgage scenario.  Focusing on the forced appreciation/rent lift  will be new territory for me so I'm going to lean heavily on the community.  Appreciate it!

This will be a buy and hold duplex. I'll likely be going with the darker LVP in here with agreeable gray (or equivalent) and white trims. If you have product recommendations on those I'm open.

The cabinetry is kind of unique. For those of you that would paint it, give me some ideas and what youd recommend given my flooring and trim plans.

I've been told to get the adhesive covers for the countertops, that sounds kind of short term when I'd like to have the kitchen last for a while.

 

@Hobart King find yourself a good broker that is part of a network of atleast 10-15 carriers. Mine doesn't do business in Alabama sadly but frequently a broker will find you a local insurance company that specializes in your regional risk.

Be sure to ask them about property inspections and make sure you are ahead of that.

@Heather B. I'm a late bloomer as well. The community is phenomenal here. Commit to learning and more importantly doing and I'm sure you will surprise yourself with what's possible.

@Alex Forest I want to upvote this one a thousand this is precisely the type of information I knew was out there I just needed somebody with a little more experience and how to craft my response to my realtor thank you.

@Alex Forest well that at least provides me with something. I've never had to evict on any of my properties it's always been either a non-renewal of a lease so simple things like this are new to me.

So what you're saying is is I can make a purchase and just give them notice that we're going somewhere differently and it's not technically an eviction right?

I thank you for bearing with me if I'm not clearly articulating something

@Chris Herrera we have talked about my ideal situation. That was my beginning convo with her.

The broker spent about 5 minutes with me on a zoom call after I restated my need and it's one of those situations where the realtor who spends most time on sfr probably is leveraging the broker who is a property investor for 20 years.

I feel a little bit like they bait and hooked me and they getting into a real estate transaction signature where for the next three months they are at very least going to get commissions for what I buym

The broker as a side matter said she had a relationship with an investor trying to liquidate their portfolio I was sent two properties when I went to schedule them suddenly the investor didn't want to show them so I felt a little concerned about that but thankfully I've only signed an agreement with them for 3 months.

I am a new investor and I've tried to communicate clearly what I'm looking for and I know that investors have a bad name with Realtors but I think this is a mixture of them not knowing how serious and hungry I am or maybe focusing more on single-family rentals I'm not sure