All Forum Posts by: Ammar T.

 Hi. Thanks for your post on this subject. Can you elaborate why you are recommending that people keep their rentals local? Is it the hassle of dealing with Property managers out of state and not being able to see your properties? I love investing in my city but have been considering out of state investments. Thanks

@James English Thank you. If you want to cashflow that much then you will. Always have a plan and be determined. Never give up until you reach that milestone

 Cool. Stay inspired. 

 Thank you   I would love to share this with you and I hope I can break this down in a way that makes sense 

1) self motivation and dicipline. basically you always need to remember that you have to keep yourself driven to turn  your ideas into a reality. We are boggled with other daily events that sometimes it is distracting us and delaying us from starting the process of adding new rentals into our portfolios. Keep the dream alive 

2) talk to new construction builders and let them know that you are an investor looking to build several homes with the intention to hold and rent out. I have negotiated many great deals on new construction homes and only paid $7500 over builder costs. This is important to me because I feel like I have a near maintenance free home. I love rehabbing homes too but new construction is making more sense for my business model. 

3) if you can pay cash then pay cash m. If not pay 20 percent down on a conventional loan. I love owner financing and I’ve secured 2 deals using true owner financing.  If you can create the idea of a deal and present it to a private lender in a way that makes good business sense, then you will find those who will want to fund your deal. Typically between 7 and 10 percent. Work ebery bit of paying that rate since they are typically very low closing costs on seller financing. Typically just doc stamps on the mortgage and some filing and recording fees. Do this with the intent to eventually refinance. 

4) never give up. Activity breeds activity and if you want something bad enough it will happen. I always put 20 percent down on all my deals. I like the mortgage interest write offs and using OPM to pay off the other 80 percent. Also increases cash flow. Hope this helps. 

 Hi and thank you. I love Ocala and investing here. It’s home for me. Go gators lol. I always hope I can inspire someone. I believe inspiration is what drives us to build our empires. 

 Thank you.  You too. I appreciate it.  :)     Forward is the only direction i know lol

 Thank you for reading my post and your kind words. You are right. This is a journey. Glad to be here with people that are on the same journey. 

 Hi there. My best advise is to find 1 or 2 people that you trust. Always pull permits for work that requires permits. Never take shortcuts. I always say that shortcuts equal payouts. The way I found my contractors is I asked around. I hired him to do a small job to see how is work ethic was, cost and quality of work.  If I think the price is not what I was expecting I would then get a second or third bid. I go with my gut instinct on these issues.  I also will post a recommendation request post on facebook looking for handymen and contractors. Best of success on your new deal and future deals. I am new to BP as you are and look forward to being inspired and hopefully inspiring someone. 

Hi from Florida . This is my first post on this site and I am excited to be here alongside likeminded people. I always wondered where the Buy and hold investors hang out and talk. I have basically been doing this on my own for the last 4 years and have strangely been my own mentor. I am a licensed Real estate agent with a big passion to own as many rental properties as possible. My goal 4 years ago was to own 12 homes.  One that I live in and 11 rental properties. Well, That goal has now been upgraded to 15 by the end of 2018. This will be tough as buying and setting up my rentals require a lot of money,energy, patience, education, and full determination. 

I am 41 years old and want to fully retire in the next 5 years and everyday this goal seems more attainable. I have learned from my experiences in the last 4 years that where there is a vision and determination, things can happen. I would love to share my ideas. There is no specific way to invest in Real Estate and it is always interesting  to hear how others reach their goals.  It was so difficult buying my first rental but it seemed to get easier with every deal. Sometimes in a scary way. I cant believe that I own over 1 million dollars in assets. Never would have thought it would be possible before. I guess Real Estate investing is somewhat of an art. I have paid cash for homes, conventional loans, owner financing at great terms, and just recently did a Cash out refinance and bought another one. I cant believe there are people that still let their money sit in the bank earning 1% interest.