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All Forum Posts by: Wale Lawal

Wale Lawal has started 86 posts and replied 4454 times.

Post: WE SURVIVED 2020 | HAPPY NEW YEAR - 2021

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469
Originally posted by @Joshua D.:

@Wale Lawal

I'm looking forward to double digit appreciation!!!

Or a realeste crash!!! To buy more good deals.

Or just another average year of growth...

 Wow! Double-digit appreciation sounds like a lot of work to me.

Can you share how you plan to do that so we can all learn from you?

Thank you

Post: WE SURVIVED 2020 | HAPPY NEW YEAR - 2021

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469
Originally posted by @Cole Britting:

I'm hoping to lock down my first house hack towards the end of 2021/early 2022. All 2021 I'm hoping to learn more and build my team! Where are you looking to improve?

Great plan.

Learning is great but TAKING ACTION is the most important factor. 

I am hiring 2 Virtual Assistants (VAs) from the Philippines to help free-up 40 hrs weekly activities. This will allow me to provide even better values to my existing clients and take on more clients.

I also plan to add 6 rentals to my portfolio in 2021 and complete at least 2 flips before August 2021.

Let me know if you need any help.

Good luck my friend.

Post: WE SURVIVED 2020 | HAPPY NEW YEAR - 2021

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469
Originally posted by @Karl B.:

Likely conventional. Though if it's a smaller/cheaper deal I can pay cash and then refinance. 

 Paying cash and then refinance will give you a competitive edge against your competitors. 

Are you working with a Realtor on this deal or negotiating with the seller by yourself?

Goodluck

Post: WE SURVIVED 2020 | HAPPY NEW YEAR - 2021

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469
Originally posted by @Kenneth Garrett:

@Wale Lawal

I survived 2020.  Most tenants paid there full rent, a few needed some help, but paid what they could and I had one tenant not pay for 4 months and just sent me the full rent.  All in all I think I did ok.  In the end collected 95% of all rents.  I’ll take it co pared to others who got hammered.

This year working on STR in the Florida Panhandle. Hopefully will get my offer accepted.

 Great to hear you got 95% of your rent in 2020. Not a bad one at all. I will suggest having a strict late fee penalty in your lease agreement going forward. I typically do $50 per day for up to 10 days. No tenant wants to pay this so they always pay on time via ACH. I don't do cash.

I love Panhandle I hope your offer got accepted because it's very hot nationwide now. STR is gaining a lot of traction now targeting health care professionals as ideal rentals.

Let me know how it goes.

Goodluck my man!

Post: WE SURVIVED 2020 | HAPPY NEW YEAR - 2021

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469
Originally posted by @Karl B.:

Happy 2021! I'm looking to buy a larger MF property in MO in 2021. That's my main goal. 

 Great plan. Are you BRRRing the MF deal with Hard Money or Conventional Financing?

Post: WE SURVIVED 2020 | HAPPY NEW YEAR - 2021

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469

Wishing everyone a more productive and prosperous 2021.

The year 2020 came with a lot of challenges that nobody prepared for but we survived them.

What areas are you looking to do better in your investment journey or business in 2021?

Post: Houston Real Estate Forum

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469
Originally posted by @Brandon Hobbs:

Happy New Years all ! What books would you recommend to a beginner investor?

 RICH DAD, POOR DAD

THE MILLIONAIRE REAL ESTATE INVESTOR

THE ONE THING 

Post: I'm Finally Taking The Leap Forward

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469

@Alexander Szikla

Love your explanation.

House-hack anywhere within 1 hrs away from the city won't be a bad idea provide it Cash-Flow.

Good luck 👍

Post: I'm Finally Taking The Leap Forward

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469

@Luke DeLaVergne

Great point man

Post: My first commercial apartment building!

Wale Lawal
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,630
  • Votes 2,469

@Nicole (Dunlap) Pendergrass

Congratulations ❗ 👏