All Forum Posts by: Mohammad El Sahlah
Mohammad El Sahlah has started 2 posts and replied 18 times.
Post: Our First Out of State BRRRR! Details + Pictures!
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
@Joseph Breamer really great article! As we're starting our journey using BRRRR, it's great to see numbers and other deal details. Really motivating and congrats!
Post: What's your cash flow goal?
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
@Kyle M.
How’d you come up with this number? I’m curious on why the range between 200-250
Post: Webinar: How to Buy Small MultiFamily Properties
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
I am actually looking forward to hearing some tips and hacks on this specific topic. I am currently looking for multifamily properties in the LA area. I am hoping/sure that Brandon can provide me some good tips/insight on this.
Looking forward to it!
Post: Newbie Investor Looking to make it!
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Originally posted by @Dmitriy Fomichenko:
Welcome to the BP family! Glad you joined the best real estate investing website! Here are some recommendations for you:
Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/
Wishing you the best!
Thank you for sharing Dmitriy! I need to join a local meet up. Do you know any investors that are willing to mentor me that live in Anaheim Hills where you are?
Post: Newbie Investor Looking to make it!
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Originally posted by @George Blower:
Welcome to Bigger Pockets. This is a great place to learn about real estate. Make sure to take advantage of the free webinars.
I have been to a few webinars and it seems that I need to lean towards more of meet ups to ask for advice before pulling the trigger.
Post: Newbie Investor Looking to make it!
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Originally posted by @Ryan Cox:
@Mohammad El Sahlah Welcome to BP! I think you are off to a good start by building your team 1st. I would also focus on developing a system to create consistent deal flow.
I do have a system in place that meets a decent amount of requirements in order to bring positive cash flow. I guess I would need to figure out a team on the ground and implement one
Post: Newbie Investor Looking to make it!
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Hi Friends!
I am a newbie investor who has been in the market for quite some time now. I have listened to the podcasts, read blogs, followed forums to help educate myself on the market trends. A little about me, I am in San Jose, CA and I work in the tech industry. I have money saved up to start my investing. Ideally, I would like to invest into flipping homes/renting out the properties in Florida. I thought I would try here for any recommendations on teams on the ground before I start cold calling 30,40 50 people a day till I find the right team for me.
Ideally, I am looking to buy a homes that needs work, rehab and either flipping or renting if it makes sense. Any advice would be much appreciated!
Thank you BP family in advance!
Post: Is it good to acquire shopping centers?
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Originally posted by @Bob Langworthy:
Podcast 253. Just listened to it today.
I as well listened to the podcast as well. I recommend you listening to the podcast as it has some serious value and adds differentiation between the two
Post: Flipping out of state
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Originally posted by @Antoine Martel:
Originally posted by @Mohammad El Sahlah:
Originally posted by @Antoine Martel:
Originally posted by @Mohammad El Sahlah:
Originally posted by @Antoine Martel:
Originally posted by @Mohammad El Sahlah:
Originally posted by @Antoine Martel:
Arturo.
I'm managing about 10 flips out of state right now. So certainly is plausible.
You just have to spend the time to create the teams on the ground who can handle all of this work for you.
Can I ask you how you went about creating your teams? Are you referring to your core 4? (real estate agent, contractor, project manager (if needed) and lender (if needed)
Yes that is what I mean by making a team on the ground.
You will need all of those groups on the ground to make your projects a success.
I would do a lot of cold calling and networking with people in your local market.
Learn about the market a little bit and then find a large player in the market and use them or ask them for referrals.
That is where I am at now. I am trying to zero in on a place to invest right now. Currently, I am in between Las Vegas, Texas and Florida. (Or perhaps I can all three If I could) I have a 100k cash and I am trying to invest it into real estate, I've been researching a lot and I think I could either flip or BRRR to start out. (Fine with either one)
Where do you have your investments? and will you continue investing in those areas? Any hiccups? If you don't mind elaborating on your current portfolio, that would help me out a bunch.
I invest in Memphis, St Louis Cleveland Akron Birmingham.
Have you thought about investing in any of these places?
The cities that you have mentioned are good but just a little bit expensive on the rent to value scale.
In my markets they are very stable and I haven't had any hiccups.
Are you looking to buy rental properties for cash flow or are you looking to flip houses?
I heard the cash flow in Cleveland is very nice of using the BRRR strategy. I believe the smarter thing for me is to buy rental properties for cash flow right now and eventually get into flipping houses. Can you give me a quick breakdown of one of the properties you worked in cleveland? For example; cost, fixing cost, mortgage, closing costs, rental income, etc...
I sell properties in Cleveland for $60-70k, which rent out for 700-800$/mo. After all expenses and financing these properties cash flow around $200/mo.
If you want I can send you a package for a property that I have available now
Do you buy them cash? Rehab and rent them out? Do you use the FHA loans? That's good to hear that you are receiving positive cash flow from these.
Currently, I am looking at the Las Vegas housing market and looks as follows
3bed 2 bath for 100k it may need 10-15k worth of work MAX.. but looks like after all said and done, I would have someone rent that place and then positive cash flow would be around 200-250 monthly.
As you see, It's about 20-30k more than what you had mentioned in Cleveland. Can you send me a package property with the full break down please? I appreciate your help on this.
Post: Flipping out of state
- Lender
- SAN JOSE, CA
- Posts 19
- Votes 2
Originally posted by @Antoine Martel:
Originally posted by @Mohammad El Sahlah:
Originally posted by @Antoine Martel:
Originally posted by @Mohammad El Sahlah:
Originally posted by @Antoine Martel:
Arturo.
I'm managing about 10 flips out of state right now. So certainly is plausible.
You just have to spend the time to create the teams on the ground who can handle all of this work for you.
Can I ask you how you went about creating your teams? Are you referring to your core 4? (real estate agent, contractor, project manager (if needed) and lender (if needed)
Yes that is what I mean by making a team on the ground.
You will need all of those groups on the ground to make your projects a success.
I would do a lot of cold calling and networking with people in your local market.
Learn about the market a little bit and then find a large player in the market and use them or ask them for referrals.
That is where I am at now. I am trying to zero in on a place to invest right now. Currently, I am in between Las Vegas, Texas and Florida. (Or perhaps I can all three If I could) I have a 100k cash and I am trying to invest it into real estate, I've been researching a lot and I think I could either flip or BRRR to start out. (Fine with either one)
Where do you have your investments? and will you continue investing in those areas? Any hiccups? If you don't mind elaborating on your current portfolio, that would help me out a bunch.
I invest in Memphis, St Louis Cleveland Akron Birmingham.
Have you thought about investing in any of these places?
The cities that you have mentioned are good but just a little bit expensive on the rent to value scale.
In my markets they are very stable and I haven't had any hiccups.
Are you looking to buy rental properties for cash flow or are you looking to flip houses?
I heard the cash flow in Cleveland is very nice of using the BRRR strategy. I believe the smarter thing for me is to buy rental properties for cash flow right now and eventually get into flipping houses. Can you give me a quick breakdown of one of the properties you worked in cleveland? For example; cost, fixing cost, mortgage, closing costs, rental income, etc...