All Forum Posts by: Vala Shahabi

Joe, you're spot on. While California is great for appreciation, it is terrible for passive income (and too expensive to get started).   All of our investment properties are outside of California, which is why we started our company. 

My advice: if you believe Wilmington is a good market and are familiar with the good neighborhoods there I would invest in class B SFR. I would establish your management team first and then buy a property. You will learn a lot from the property management team there and might find some great off market deals.

Best of luck! 

Vala 

Hey @Joe Trinsey welcome to BP!

The numbers need to make sense before even taking a look at the property.  There is a lot of good information here for buy and hold. One of my favorite blogs is this: http://www.biggerpockets.com/renewsblog/2014/08/18...

best of luck!

Vala

Welcome to BP @Grant Taylor!

If you're happy with the cap rate you are getting from your Memphis properties then I would recommend buying more properties within a close proximity of your existing homes. This way you can leverage the same team that is managing and maintaing those properties and to them you become a bigger customer and get higher priority. If have enough properties you could start negotiating discounts and get your management costs lowered. We do that for our customers and pass the savings on to them. 

If putting more eggs in the memphis basket makes you nervous then there are several other strong markets in the midwest with great cap rates.

I hope that helps!

Cheers,

Vala

Hey @Bob Collopy,

Welome to BP! I've spent a lot of time in Phoenix in my previous role selling technology to some of the largest tech companies there including GoDaddy. Good times!

I'd love to connect and learn more about what you're doing in RE.

Cheers,

Vala

Hey @Andre Lewis welcome to BP!

You're right on the money to achieve wealth however I would say you should focus more on passive income (higher cap rate and better positive cash flow) over appreciation.  Appreciation will be based on market demand which as we've seen in the last 10 years has gone up and down, however cash flow is a bit more stable and if you're leveraging more critical.

We focus mostly on single family homes in class B neighborhoods so I would say you're on the right track. Best of luck!

Vala

Busy, Lazy, or even Unsure. Good stuff.

Hey @Dave Scott welcome to BP! I couldn't agree with you more. We live in a time where companies like Snapchat are getting $10B yes that's B for billion dollar valuations yet the average professional is getting less and less benefits towards retirement and a secure future. This is one of the main reasons I started my company. 

Look forward to conversing. 

Cheers,

Vala

Welcome to BP Eric. What kind of engineer? My background is computer engineering.  

Best of luck! 

Vala

@Larry Turowski we need to compare BP to Linkedin since it's a closer comparison 

LinkedIn has 313M users @ $28B market cap = $90 a user

Therefore I'd put BP closer to $18M....wow

Guys great work, love being part of this. 

Hey @Amalia Gonzalez welcome to BP!

I was in SF two weekends ago on a beautiful Napa tour...missed the big quake by 1 week!

I'm also a techie... I used to work at Akamai (Apple was our #1 customer). 

How is long distant investing going for you?

Cheers,

Vala