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New Member Introductions

User Stats

23
Posts
8
Votes
Neelam Khanna
8
Votes |
23
Posts

New to BP… planning to start real estate investment soon.

Neelam Khanna
Posted May 31 2023, 12:32

Hey looking to make some flip/ rental investments in Triangle or nearby areas. 

User Stats

41
Posts
10
Votes
Eric Miller
Lender
  • Lender
10
Votes |
41
Posts
Eric Miller
Lender
  • Lender
Replied May 31 2023, 12:44

Great place to start your investment journey. I have some rock star Realtor connections out there if you need any recommendations. Enjoy!

  • Lender Georgia (#2289249), South Carolina (#1504195), Virginia (#MC-7434), Florida (#MBR4965), and North Carolina(NC) (#B-208638 )

  • [email protected]

User Stats

236
Posts
280
Votes
Cory J Thornton
Property Manager
  • Real Estate Agent
  • Raleigh, NC
280
Votes |
236
Posts
Cory J Thornton
Property Manager
  • Real Estate Agent
  • Raleigh, NC
Replied Jun 1 2023, 17:23

@Neelam Khanna - I'm just now seeing this post. It was awesome to chat with you today! Glad you engaged with the great community here at BP and glad we were able to get connected! 

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User Stats

23
Posts
8
Votes
Neelam Khanna
8
Votes |
23
Posts
Neelam Khanna
Replied Jun 1 2023, 18:00

Thanks Cory. It was pleasure talking to you and thanks for so much info. Looking forward to work with you. 

User Stats

9,600
Posts
4,590
Votes
Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
4,590
Votes |
9,600
Posts
Andrew Syrios
Pro Member
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied Jun 1 2023, 19:39

Welcome aboard Neelam!

User Stats

201
Posts
82
Votes
Eric DeNardo
Pro Member
  • Real Estate Agent
  • Denver
82
Votes |
201
Posts
Eric DeNardo
Pro Member
  • Real Estate Agent
  • Denver
Replied Jun 1 2023, 19:44

Hey Neelam,

Welcome! You're in the right place for RE investing. Reach out if you have any questions on getting started.

User Stats

17,783
Posts
6,126
Votes
Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,126
Votes |
17,783
Posts
Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied Jun 1 2023, 23:21

Hey @Neelam Khanna , Glad to have you aboard!

User Stats

23
Posts
8
Votes
Neelam Khanna
8
Votes |
23
Posts
Neelam Khanna
Replied Jun 2 2023, 05:55

Thank you. Looking forward to learn and scale up my real estate portfolio 😊

User Stats

23
Posts
8
Votes
Neelam Khanna
8
Votes |
23
Posts
Neelam Khanna
Replied Jun 2 2023, 05:58

Thanks. Will sure. 

User Stats

23
Posts
8
Votes
Neelam Khanna
8
Votes |
23
Posts
Neelam Khanna
Replied Jun 2 2023, 06:00

Thanks Andrew. 

User Stats

3,673
Posts
3,445
Votes
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
3,445
Votes |
3,673
Posts
Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied Jun 2 2023, 12:21

Hi Neelam, it is great that you're ready to get started. The fix and flip strategy can be a profitable venture if you've done everything correctly. You may want to make sure that you follow these top 4 tips that I have:


1. Do your research - Before purchasing a property, make sure you conduct thorough research on the location, the property's condition, and the potential cost of repairs. This will help you make an informed decision on whether the property is a good investment.

2. Know your renovation budget - You don't wanna overdo or underdo a property. Focus on the right improvements that will add value to your property.

3. Know your after repair value - The goal of flipping is to make money so you have to make sure you're not covering your all-in cost and you're actually making a profit

4. Time your sale right - When the market is favorable and the demand for housing is increasing, that's the best time to do it. This can help you avoid having to list your property for too long. Hope this helps and best wishes to your real estate journey! 

User Stats

23
Posts
8
Votes
Neelam Khanna
8
Votes |
23
Posts
Neelam Khanna
Replied Jun 2 2023, 14:10

Thanks Steven. Looking forward to get rolling soon.