All Forum Posts by: Kamran Ahmed

Thanks again Steven. I'm getting more proficient at searching Ziprealty.com. I saw the post for the house on Olde Towne Row, Dallas, TX 75227. Unfortunately, there's no pictures of it. I will keep checking in on the website regularly, but what do you look for to differentiate a good deal from a not so good deal?

Thanks for your question Andy. It is the out-of-the-box thinking I like. Creating a corporation that borrows or lends money on interest would not be allowed in Islam either. It is not a matter of personal restriction that Islam does not allow interest-based transactions. It is a matter of socioeconomic justice for society at large, and any interest-based transaction cannot be engaged in or supported by Muslims. Great thought though - would love to hear more of your ideas.

Thanks for the advice Steven. I looked at those websites and joined the email lists. Just to clarify, in Islam, it is fine to borrow money and repay it, but it has to be done without interest. Usually, if Muslim investors are following the correct religious practice, they set up a lending transaction as an investment rather than a loan. Anyways, I'm looking for something even smaller than Boca Raton as my first project, so I can be successful without biting off more than I can chew. Any tips on this would be great. Thank you!

Thanks guys. This is really helpful information. I'm checking out ziprealty right now. I've actually moved to Dallas (just updated my profile), so I'm looking for rentals in the Dallas area. Though, the rentals in Fort Worth are still a possibility, since my parents live in Fort Worth. I will keep the Boca Raton suggestion in mind. Two followup questions:

1. How do I watch the MLS?

2. How do I get on wholesalers email list?

Here is an example of a property I was looking at but did not buy. It was selling for $14K. I listed below the characteristics I noted as pros and cons:

9823 Walnut St. Dallas, TX

- Bathroom has mold

- House is close to mailbox, entrance to complex, tennis court, and swimming pool

- Walking distance to gas station, grocery store

- Near Richland college

- Audelia Creek Elementary is walking distance

Hi guys, I'm just starting out in REI in the DFW area. I can't leverage with interest based loans, because I don't give or take interest as a Muslim. I have 2 questions: 1. How much money do I need to start my first REI project? 2. What is a good first REI project for someone like me who is a full-time medical student (working 12 hours per day currently)? Thanks so much for the help!