All Forum Posts by: Mayo Oshin

@Adriel Hsu @Christopher Blanco As you said estimating the costs of rehab and essentially estimating your income accurately is extremely important in this process. I just finished reading Brandon's book on rental property investing and even though it was a good big picture and overview of the process,  I was left a bit overwhelmed by the very small margin of error required to buy a property and be profitable. For example, a minor change in rehab, choosing the wrong real estate agent etc can drastically reduce cash flow.

It seems the best solution to this is to get accurate estimates from local investors.

@Azeem Ali Hey bro, I'm based in the UK as well actually London. As yourself I'm also looking for a UK real estate section as i feel that a lot of the information available does not necessarily apply to the UK (market, rehab process, costs etc).

In any case, look forward to reading your posts and experiences in the near future.

@Adriel Hsu Really appreciate your story, as I'm just getting started with investing. My biggest challenge is estimating rehab costs and predicting final valuation afterwards. Regardless, best of luck in the future.

Hi,

My name is Mayo, a London, (United Kingdom) based, mid-twenties, newbie real estate investor.

In a nutshell, I'm driven to make a significant positive difference in anything I do. I'm the guy who is usually first to step out and take a chance at something unreliastic. Professionally, I'm a qualified insurance broker, though outside of profession i'm an aspiring amateur jazz guitarist and muay thai fighter.

Let's see what comes out of this crazy real estate dream:-

Real estate goal: From scratch build a 1.5 million pound real estate portfolio in London (UK)  and England.

Timeline : within the next 5 years.

Strategy: A) Type- Multifamily units,  apartments B) Tactic- Buy and Hold, House Hacking C)Financing- Conventional mortgages, partnerships, private money

As of now I'm currently seeking mentors and experienced investors (preferably local) to bounce ideas off and possibly partner with moving forward.

I am also working on improving my ability to analyze and select good deals on a consistent basis.

Look forward to interacting with you all in the near future,

Many thanks,

Mayo