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All Forum Posts by: Jeff Licciardi

Jeff Licciardi has started 11 posts and replied 41 times.

Post: New in Chicago

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

A friend of my family. It was luck, not skill. #2 will be much more difficult.

Post: Chicago

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Thank you for the tips. I think I'm on the same page with the no-guru, no-pay mindset.

I appreciate your inputs and welcome any advice.

Thank you,
Jeff

Post: My #1 Strategy for marketing my properies!!

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Ryan,

Is there a way to have people sign up for your list directly through iContact or do you gather the info on a form on your site, and then enter the info manually?

Post: My first deal.

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Sounds like a no brainer....

I have an Aunt that manages a property for me.. She takes her share, we take ours, AND we take the equity in the property as well.

Look into the the "primary residence" language in your mortgage. There may be some info in their that says you have to live in the property for 5 years, not just own it. However I'm not sure if it is enforceable.

Post: My first deal.

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

I'm not the expert, but isn't there some language in your SONYMA loan about not selling for a few years? Especially if your concessions included the grant that West Seneca gives to first time home buyers (I'm from the Amherst, so I'm familiar with some of the local government/programs).

Why not just keep it as your "primary residence" for a few years and have a family member or friend watch over it? ~1200/month is no joke for helping you get the next property.

Just my thoughts...

Thanks,
Jeff

Post: Starting Out

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Thank you for the info -- I sent a PM regarding your other post.

Let's connect.

- Jeff

Post: Starting Out

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Thank you for the speedy reply.

C Corp just more of an extreme then as well? What if we wanted to hold shares in the corp, taking dividends as income, not salary? Or even sell shares as a long term exit strategy?

Any experience with this sort of play?

Post: New in Chicago

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Newbie in Chicago, looking to learn [please contact me if you are teaching]

I own one property free and clear that has two tenants and good cash flow. I am looking to learn about wholesaling/bird dogging before my next acquisition.

I have a background in internet marketing, working for Google, DoubleClick, and am currently at a great ad agency.

Feel free to reach out and say, "Hello!"

Thank you,
Jeff

Post: What's on your To Do List?

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

Network with who though? Is it best to look for other investors? People who offer services? Sellers?

I imagine if you go out with the intention of finding some investors, having a wholesale or bird dog opportunity to break the ice may be a great place to start.

Comments?

Thank you,
Jeff

Post: Chicago

Jeff LicciardiPosted
  • Real Estate Investor
  • Bedford, NH
  • Posts 45
  • Votes 3

I am looking for some mentor-type investors/wholesalers in the Chicago area.

REI will be a part time endeavor for a few years while I continue my career in advertising. I have a great background with companies like Google, DoubleClick, and HSBC on my resume.

Would love to link up and learn.

Thank you,
Jeff