New investor from Arlington, Virginia.

New investor from Arlington, Virginia.

Investor · Arlington, VA · Member since 2017 · 37 posts · 9 votes

My name is Shamit, live in Arlington, Virginia, and I've been lurking around the forums for past couple of years, listening to podcasts, reading books, attending local REIA meeting, and now finally getting my stars aligned to take my first plunge into real estate investing.

First of all, a great thank you to @Joshua Dorkin and @Brandon Turner for creating this great site and to all BP contributors for sharing your thoughts and opinions. A shout out to @David Greene and @J Scott whose books 'Long-Distance Real Estate Investing', 'Buy, Rehab, Rent, Refinance, Repeat' and 'The Book on Estimating Rehab Cost' are the best real estate books I've read thus far.

My goal is to acquire enough properties to generate a stable income, sufficient to support myself and my family in about 10 years or so. For now, I have a stable job in the IT industry outside DC which I enjoy and is keeping me busy, so I'm not in need of immediate supplementary income. Primary focus is single family or small multifamily units for long term buy/hold and wealth accumulation.

I studied business and economics in college, so I have love for numbers, but can sometimes lead to over-analysis, indecision and analysis-paralysis. I'm trying to break free from the latter and got a good boost in motivation by attending Rod Khleif's boot-camp in Baltimore last weekend. Although large multifamily is out of my scope, as the boot-camp was held only an hour away from my place, I just could not pass on the opportunity to attend.

I'll likely be looking out of state for investment opportunities, at this preliminary stage I'm looking into North Carolina (Greensboro, Durham), South Carolina (Greenville, Spartanburg) and Alabama (Huntsville, Birmingham).

Hope to connect with fellow investors, both nearby where I live and in the areas where decide to invest.

Cheers!

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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
7y

@Gil A. I am not sure why anyone would use a national property management company. I feel that the smaller and more personal property management you can get the better.

See this reply in the discussion

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  • Investor · Selma, AL · Member since 2017 · 39 posts · 13 votes
    7y

    Hello @Shamit S.!  Greetings from Central Alabama, to be more specific, Selma Alabama.  We have been successful with several buy and hold as well as a few flips here.  If I may be of assistance to you in this area please feel free to reach out.  Good luck to you in your investments.

  • Investor · Arlington, VA · Member since 2017 · 37 posts · 9 votes
    6y
    Originally posted by @James Wise:
    Originally posted by @Shamit S.:
    Originally posted by @James Wise:
    Originally posted by @Shamit S.:

    My name is Shamit, live in Arlington, Virginia, and I've been lurking around the forums for past couple of years, listening to podcasts, reading books, attending local REIA meeting, and now finally getting my stars aligned to take my first plunge into real estate investing.

    First of all, a great thank you to @Joshua Dorkin and @Brandon Turner for creating this great site and to all BP contributors for sharing your thoughts and opinions. A shout out to @David Greene and @J Scott whose books 'Long-Distance Real Estate Investing', 'Buy, Rehab, Rent, Refinance, Repeat' and 'The Book on Estimating Rehab Cost' are the best real estate books I've read thus far.

    My goal is to acquire enough properties to generate a stable income, sufficient to support myself and my family in about 10 years or so. For now, I have a stable job in the IT industry outside DC which I enjoy and is keeping me busy, so I'm not in need of immediate supplementary income. Primary focus is single family or small multifamily units for long term buy/hold and wealth accumulation.

    I studied business and economics in college, so I have love for numbers, but can sometimes lead to over-analysis, indecision and analysis-paralysis. I'm trying to break free from the latter and got a good boost in motivation by attending Rod Khleif's boot-camp in Baltimore last weekend. Although large multifamily is out of my scope, as the boot-camp was held only an hour away from my place, I just could not pass on the opportunity to attend.

    I'll likely be looking out of state for investment opportunities, at this preliminary stage I'm looking into North Carolina (Greensboro, Durham), South Carolina (Greenville, Spartanburg) and Alabama (Huntsville, Birmingham).

    Hope to connect with fellow investors, both nearby where I live and in the areas where decide to invest.

    Cheers!

     Welcome aboard Shamit.

    Hey @James Wise, thank you your note. Also thank you for your contributions here on BP, in particular the nice blog post about grading Birmingham, Alabama zip codes and neighborhoods, that was kind of you to write and share with us all.

    Cheers!

     No problem. I've also made one for Cleveland and am working on one for Memphis and Indianapolis.

    Great! Yes, I saw the Cleveland one. Looking forward to reading the next two, in particular the one for Indianapolis.

    Cheers!

  • Investor · Arlington, VA · Member since 2017 · 37 posts · 9 votes
    6y
    Originally posted by @Mark A Story:

    Hello @Shamit S.!  Greetings from Central Alabama, to be more specific, Selma Alabama.  We have been successful with several buy and hold as well as a few flips here.  If I may be of assistance to you in this area please feel free to reach out.  Good luck to you in your investments.

    Hi @Mark A Story, thank you for your note, much appreciated. How far out from Selma, Alabama/other nearby towns/cities do you invest in, in particular the buy and holds?

    Cheers!

  • Member since 2018 · 264 posts · 61 votes
    6y

    @Shamit S. Welcome!  

  • Investor · Arlington, VA · Member since 2017 · 37 posts · 9 votes
    6y
    Originally posted by @Christopher Petrillo:

    @Shamit S. Welcome!  

     @Christopher Petrillo Thank you!

    Cheers!

  • Real Estate Agent · Greenville, SC · Member since 2016 · 199 posts · 105 votes
    6y

    Hey @Shamit S. welcome to the BP forums and REI world!

    I am located in Greenville, SC and would love to connect with you. I host a monthly meetup here via BP and a local investor Facebook group that I run.

    I'm also an agent, most of my business is focused on working with investors. Let me know how I can help you get plugged in with the Upstate community! 

  • Investor · Arlington, VA · Member since 2017 · 37 posts · 9 votes
    6y
    Originally posted by @Jonathan Anderson:

    Hey @Shamit S. welcome to the BP forums and REI world!

    I am located in Greenville, SC and would love to connect with you. I host a monthly meetup here via BP and a local investor Facebook group that I run.

    I'm also an agent, most of my business is focused on working with investors. Let me know how I can help you get plugged in with the Upstate community! 

    Hi @Jonathan Anderson, thank you for your note. I'll get in touch with you shortly.


    Cheers! 

  • Member since 2019 · 11 posts · 4 votes
    6y

    Welcome Shamit! Were also new to the investment game here in VA interested in buy and hold rentals and the BRRRR method! We have a great Real Estate Agent we worked with on our first purchase if you decide to look in the Hampton Roads area! So glad to "meet" another VA member!

  • Investor · Arlington, VA · Member since 2017 · 37 posts · 9 votes
    6y
    Originally posted by @Preslie Hicks:

    Welcome Shamit! Were also new to the investment game here in VA interested in buy and hold rentals and the BRRRR method! We have a great Real Estate Agent we worked with on our first purchase if you decide to look in the Hampton Roads area! So glad to "meet" another VA member!

    Hi @Preslie Hicks, a belated thank you for your welcome note! Likewise, nice to "meet" you too!  I'm glad you found a good real estate agent in Hampton Roads area and wish you the very best with more properties in the coming years.

    Cheers!

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