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All Forum Posts by: Vincent Sottile

Vincent Sottile has started 14 posts and replied 25 times.

Post: Newbie here looking to learn and find a mentor

Vincent SottilePosted
  • New York
  • Posts 25
  • Votes 6

I'm looking to learn as much as possible about real estate while I save up enough money to start investing in property. 

What advice would you give to someone who is just starting out? 

First steps?

What was your biggest real estate regret or mistake?

I'm located in New York but ski/snowboard frequently in Vermont and was wondering if it would be advisable to buy real estate there. Has anyone been successful in doing this? 

I would be open to different ideas but figured either a place to rent year round or seasonally would be ideal, or use Air BnB that way I could also utilize it for ski trips. I usually go to Mount Snow and real estate around there is pretty expensive, but if I could find a good deal would it be worth it?

Thanks!

I would be ok with living in an up and coming area. I currently work in the Upper East Side and ideally would like to keep the commute under an hour. 


Thanks for the advice on a realtor, I will definitely consider all these things!

I work in the city and would like to keep the commute short while also starting to invest in real estate.

Any advice on where to look/start? Is it a good idea, or would I be better off focusing on a cheaper and up and coming market?

The rent I currently pay is a burden and I would like to eliminate it through buying a property that I could potentially use the next couple of years and then sell/turn into a rental.

Would you recommend using a realtor, why or why not?

Post: What would be your advice/first steps to a new investor?

Vincent SottilePosted
  • New York
  • Posts 25
  • Votes 6

I've been investing in the stock market for almost a year now and want to get into rental properties next. I know nothing about real estate but do have some ideas, mostly from listening to the BPM podcast. I plan to read the books they've suggested and figure this would be a good place to start. 

     One idea I've had  for a first rental property is to buy a vacation home/condo in Florida that I could start renting through AirBnB etc. for the rest of the year. You can let me know if this is a good way to get started or an absolutely terrible idea- I won't be offended.

Any advice/first steps/ resources would be greatly appreciated! I am new to the bigger pockets website and will definitely start reading as much as possible but let me know if there is an exceptionally good place to start! Thank you.