All Forum Posts by: Wale Lawal

@Jarrett Mel Williams Good Idea. I will suggest you also have a profile picture so people can know who they are chatting with. 

Long-distance is a great way to go IF you have the right people with similar interests in your team.

There is no substitute for quality education so keep learning but don't get stuck in the Analysis-Paralysis Stage.

Goodluck

@Krishnan T. Agency is a fiduciary duty and the buyer agent must advise the client accordingly.

@Stephen James I am in the Houston, Texas market and It's a serious bidding war here.

My clients have been waiving appraisal contingecy since September 2020 and we still don't get all the properties we write offer on. This is normal in a SOLID Sellers market.

Goodluck

Great idea @Ben Jacobs Goodluck with everything! 

I am in the Houston market and I am not sure how I can support your efforts.

@Dmitriy Fomichenko I will surely do. Thank you

Investment Info:

Large multi-family (5+ units) buy & hold investment in Liberty.

Purchase price: $61,500
Cash invested: $12,600

Contributors:
Alex Ramirez

My partner found this deal through marketing and we negotiated it for 2-week.
This is currently a 4-units with a large office space that will be converted to additional 5-units, making a total of 9-unit apartment.
Reharb cost is estimated at $210,000 with ARV of $480,000.

What made you interested in investing in this type of deal?

The need for housing in the city and the equity in the deal.

How did you find this deal and how did you negotiate it?

Off-market marketing effort via direct mail.

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Adding 5 additional units to make it a 9-unit apartment.

What was the outcome?

The project in progress

Lessons learned? Challenges?

The project still in progress

@Account Closed FYI

@Monti Bailey You just have to start somewhere. Just have your long-term goals in mind.

I started as Buy & Hold Investor, I have fix and flip, I got my Real Estate License and became an Investor-Agent specialized in a Single Family Homes and Small Multi-Family (2-4 units). 

I am still Buying Rentals and helping serious investors do the same. I am still flipping as needed.
Start with your short-term goals

Goodluck

Goodluck @Bryan Watkins

Do your research on your top 3 brokers.

@Muhammad Magee You have Houston Investor-Agents here: https://www.biggerpockets.com/...

Goodluck