All Forum Posts by: Atta Bari

@Nathan Gesner
@Jeff Copeland 
Thanks for answering. Quick question, last time this property was sold as it is in 2016, atleast this is what i can see from Zillow. Just wiondering if there was something wrong then shouldn't county/City jumped in if other home build illegaly? 

Do you also see any implications for the future as well due to the way its setup?

Looking for a first potential rental deal in White Settlement, TX. Looking for a possible way of using a conventional loan with 5% for this. I intend to move in but most probably might not be able to due to the long commute. However, the primary purpose of this property is to use it as buy and hold for the long term. Wanted to see if there is a way to use conventional loan (a loan for the First-time homeowner) for above scenario considering the fact I don't move in first 60 days. If so then what kind of issues could arise and possible ways to avoid.

This property is originally planned as a single family but the garage is converted into another 3/2, which technically make it two property on one lot. Based on county record, both properties can only be sold as one due to the way it is designed originally. Cashflow is great since both properties can be rented individually. Checking in to see if anyone has bought property like this and if there could be any caveats to aware of.

Thanks in advance.

Looking for a first potential rental deal in White Settlement, TX. Looking for a possible way of using a conventional loan with 5% for this. I intend to move in but most probably might not be able to due to the long commute. However, the primary purpose of this property is to use it as buy and hold for the long term. Wanted to see if there is a way to use conventional loan (a loan for the First-time homeowner) for above scenario considering the fact I don't move in first 60 days. If so then what kind of issues could arise and possible ways to avoid.

This property is originally planned as a single family but the garage is converted into another 3/2, which technically make it two property on one lot. Based on county record, both properties can only be sold as one due to the way it is designed originally. Cashflow is great since both properties can be rented individually. Checking in to see if anyone has bought property like this and if there could be any caveats to aware of.

Thanks in advance.

@Joe Villeneuve I'm referring to different market. Like what other markets you would suggest in your opinion?

@Joe Villeneuve Thanks for your input. Not sure if it's the right way or not, but the reason i didn't start looking property outside is just not to expose myself to the risk of being starting. Since I don't have much experience as of now and not sure how does geography behave in term of rentals etc?

But would love to hear your experiences and suggestions if you were in my shoes. 

And also what market you have your investments ...

Its been almost going to be 6 months that I'm on real state journey. Before the last couple of months, I was more into knowledge gathering and meeting ppl to learn and grow the network. Actively looking into deals but not successful with the first count so far. However, extended the contract on a property which fulfilled the criteria but wasn't excepted.

I'm quite strict with the criteria and not trying to rush. Specifically considering multifamily/duplex/triplex as of now and trying to leverage hard money to do BRRR. However, don't see any more discounted deals in DFW area where ideal BRRR can be done to have less or no money stuck in the deal.

The reason I shared above is to see if this is something I'm not doing right or better ways of doing it?

I would also like to know how that long it took for newbie investors to crack first deal and again any suggestions will be appreciated.

Thanks in advance.

Its been almost going to be 6 months that I'm on real state journey. Before the last couple of months, I was more into knowledge gathering and meeting ppl to learn and grow the network. Actively looking into deals but not successful with the first count so far.  However, extended the contract on a property which fulfilled the criteria but wasn't excepted.

I'm quite strict with the criteria and not trying to rush. Specifically considering multifamily/duplex/triplex as of now and trying to leverage hard money to do BRRR. However, don't see any more discounted deals in DFW area where ideal BRRR can be done to have less or no money stuck in the deal.

The reason I shared above is to see if this is something I'm not doing right or better ways of doing it?

I would also like to know how that long it took for newbie investors to crack first deal and again any suggestions will be appreciated.

Thanks in advance.

Still a newbie and try to cheery pick first rental. On this journey for almost 6 months, been through few properties and made an offer on one which didn't work out. Meanwhile, trying to learn and network as much as I can and learn from other experiences and overcoming loopholes.

Just a background, currently working in tech and have a family of 3 including wife and kids. For now, it's just me working and been through layoffs in the past (which are pretty normal in tech these days) which pushed me to find something stable source of income and later exit from the day job.

Since the economy is getting slower and the expecting a downturn by the end of this year or maybe next. Now my question to the veteran investors is what strategies(targeting area/zip code) should someone follow to get less hit while recessions. Considering ppl out of job, how to expect rental property generating cash flow or even paying off its own expenses. 

would like to know how pros minimize their risk and key aspects to consider while buying rentals/multifamily, which can still be on the market and at least taking care of its own in the bad economy. 

Forgot to mention that I'm in DFW area and will appreciate if someone can share their analysis/thoughts on the pockets which are less prone to recession.

Thanks in advance.

Still a newbie and try to cheery pick first rental. On this journey for almost 6 months, been through few properties and made an offer on one which didn't work out. Meanwhile, trying to learn and network as much as I can and learn from other experiences and overcoming loopholes.

Just a background, currently working in tech and have a family of 3 including wife and kids. For now, it's just me working and been through layoffs in the past (which are pretty normal in tech these days) which pushed me to find something stable source of income and later exit from the day job.

Since the economy is getting slower and the expecting a downturn by the end of this year or maybe next. Now my question to the veteran investors is what strategies(targeting area/zip code) should someone follow to get less hit while recessions. Considering ppl out of job, how to expect rental property generating cash flow or even paying off its own expenses. 

would like to know how pros minimize their risk and key aspects to consider while buying rentals/multifamily, which can still be on the market and at least taking care of its own in the bad economy. 

Forgot to mention that I'm in DFW area and will appreciate if someone can share their analysis/thoughts on the pockets which are less prone to recession.

Thanks in advance.

@Michael Ealy 

@Chaithra Kumar

I think the only reason to consider HML vs Conventional Conventional to keep less cash in the deal. Not sure, about any other option to come around.

But yes, you are right its not an ideal BRRR but will learn from this experience :)

Thanks for your meaningful input.