All Forum Posts by: Wale Lawal

Send me a DM to discuss it.

Great post and thank you for sharing your experience @Vijaianand Thirunageswaram I totally agree with shutting off the main water valve and drain all lines. 

I had a few bursted pipes from the attic in one of my rentals. The tenant followed the instruction but that did not save the old galvanized pipes of 1966 from the storm. The drywalls were severally damaged.
The lesson learned is I will start changing all galvanize and copper pipes to PEX going forward. 

We learn every day

@Joshua Joseph I'm glad you are getting help here. Don't worry is part of the learning process. All these challenges are learning experiences that will make you a solid RE Investor.

As many have said focus on small local community banks and small regional banks like TDECU, Regions Bank, First National, etc.

Keep pushing man and never give-up. Reach out if there is anything I can do to help.

A lot to unpack here. We need the loan expert to help answer all these questions.

Goodluck to everyone.

Great goals here, Goodluck to everyone.

My Goals for 2021 are:

1. Increase passive income to $4000 monthly before Dec 25th, 2021 - Currently at $1200

2. Close 35 Real Estate Transaction - Currently at 6

3. Close on 10 doors with a mix of SFH and Small MFH - Currently at 2

4. Help 18 New Investors acquired their first Rental Property - Currently at 4

5. Grow my YouTube Channel to 1000 subscribers by 11/20/2021 - Currently at 118 

And the list continues......

Wish me goodluck guys!

@Devin Bivens I will suggest you proceed with caution. You need to get the seller to answer some tough questions like why is the seller not listing directly with an agent or try FSBO?.

I can help take a deeper look at this if you want. The comps swing a lot in this area.

Goodluck and let's connect.

@Tatyana Edgeworth Welcome to BiggerPockets and congratulations on your decision to start taking action.

BRRRR is for creative investors that have the time, dedication, experience (or leverage on experience investors), and big heart for risk. It's a good way to force appreciation and improve cash flow with little money out of pocket..It's called sweat equity. With BRRRR you get Forces Appreciation + Market Appreciation.
You need education to BRRRR in order to mitigate your risk and surprises.

New Construction on the other hand required you to put down a minimum of 15% downpayment but you can put as little as 0% to 5% downpayment if you will be occupying the property as a primary residence or live in one unit and rent out the rest IF Multi-Family. There is no much room to add value because is NEW CONSTRUCTION but saves you a lot of headaches and issues plus you don't have to worry about CapEx for at least 5-7years.

I will suggest you take a deeper look at your financial profile and risk threshold then go from there.

I discuss the Houston Market if you have specific questions.

Welcome to Texas in advance.

Goodluck

Looking forward to meeting new faces. 

 Yes. 

Search the event for this month. The venue is 1433 N Shepherd Dr, Houston, TX 77008 starting from 6:00pm every last Thursday of the month.

THIS IS A PHYSICAL MEETUP...NO ZOOM OPTION AT THIS TIME

THIS IS A FREE MEETUP TO HELP EACH OTHER GROW.

There are several ways to analyze Rental Properties. We will discuss the easiest way to analyze deals and help you avoid the common pitfalls for new investors.

At this live meetup, we will discuss ANALYZING RENTAL PROPERTY the right way.

The Host and presenter for this event will be Wale Lawal, Founder of Networth Builders.

This will be an engaging discussion to understand your goals and see how we can help each other grow.
We will share FREE strategies and systems as we believe Real Estate Education should be available for FREE to everyone who is ready to Take Action and ready to get started to invest in real estate as a vehicle to networth building and generational freedom!

This is an event you do NOT want to miss!

This is a free event so invite anyone that you believe this will help!

* THIS WILL BE A LIVE EVENT AND WILL BE HAPPENING EVERY LAST THURSDAY OF THE MONTH AT 6 - 8 PM CST

What is this group's core focus?

The purpose of the Mastermind group is to get a group of SERIOUS game changers and New and Experienced Investors together.
You will benefit from expert advice and free mentorship.
You will get answers to your questions pertaining to your personal situation and goals.
This is your chance to have be an educated investor and have the best minds in the business in YOUR Inner Circle while you are getting answers to your questions face to face and in real-time!

PLEASE INVITE ANYONE THAT CAN BENEFIT FROM THIS.

Thank you