What is real estate investing actually like? How much does it really cost to start? What do you need to know to create a lucrative deal? Learn from a real estate investor and CPA Frank Anastasi, who started investing in properties in 2020 and now has the real estate business down to a science. Get a realistic point of view that you won’t find on google.
Tune into this episode to learn:
● Exactly how much money you need to become a real estate investor
● What to look for when evaluating a real estate deal
● Who can lend you money (that you haven’t considered)
Timestamps
[00:34] Who is Frank Anastasi?
[00:53] How he started becoming a real estate investor
[03:16] Top 3 real estate investing questions
[03:57] How much cash do you need to start investing in real estate?
[05:57] How to evaluate your first real estate deal
[12:00] What does it mean to keep your cash in the deal?
[12:45] Who lends you money when you take cash out of your property?
3 KEY HIGHLIGHTS
- You need 130-150K in cash to start investing in real estate and be able to do it yourself rather than relying on partners or outside investors.
- You should factor in 3-5% for maintenance on any deal. If you’re thinking of adding a property manager that would be 8-10% of your rent.
- Your debt service coverage ratio needs to be at 1.2 minimum. This means if the mortgage payment, taxes, and insurance cost you $1,000 then your rent should be 1000*1.2= $1,200 at minimum. That being said, you want to strive for a debt service ratio of 1.8-2.2
USEFUL LINKS
Connect with Frank Anastasi: frank@area-llc.com | LinkedIn
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
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HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.
