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All Forum Posts by: Mohammad El Sahlah

Mohammad El Sahlah has started 2 posts and replied 18 times.

Post: Flipping out of state

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2
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. 

Post: Flipping out of state

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2
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) 

Post: Please help me with my deal analysis

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2
Originally posted by @Nathan Platter:

Hi @Prashant Sharma ,

  • Your vacancy is a little low (I usually go with 8-10%)

Going off your amounts, you should not do this deal. If you make $189 a month, that's $2,268 a year. Since your down payment is $125k, your ROI would be 1.8% That's too much risk for that little return.

I would have to agree with Nathan on this one. Not enough juice in it for the risk that you are taking on. If it were me, I personally, would look into getting a strong appreciation location with low property taxes and a higher ROI for the amount of money you are investing.

Post: New Member from Tucson, AZ

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2

Welcome! 

I am also in the market to invest in AZ! Ask plenty of questions, don't be shy!

Good luck! 

I am a newbie investor from CA who has been a student of the real estate business for quite some time. I have been listening to BiggerPockets for a few years, reading books, and doing my own research whenever I can. I finally decided to create an account because I think I am ready for the big leagues. 

A little about me: I am a young investor (28 years old) who has no debt, I've been grinding and have saved up to roughly 100,000 dollars. I work in tech and I would love to be financially free in the next few years (if possible).

My end play is to use the BRRRR strategy to generate 8-10k a month.

Currently I would like to buy a multi-family (4plex or 8-plex to start out with) that needs a bit of work (rehab) and rent out with positive cash flow.

This the criteria I am looking for: 

- Positive demographics - looking in B/C area's (if they make sense) with decent rent control laws. 

- Strong net cap and appreciation 

- Low vacancies and property taxes

- Healthy local economy

After doing my due diligence of research, I narrowed down my search to Phoenix,AZ, Florida, Oregon or Texas for a multi-family homes to generate cash flow.

Any thoughts of my strategy? Any advice would be greatly apprecaited! 

Thank you BP family! Looking forward to your responses! 

Mo

Post: Closed on a small apartment deal! 16 units

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2

@Justin Garrett Congrats! I would recommend excel and google sheets for you because they are easily accessible and free. 

Post: New Investor - Las Vegas or Phoenix

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2

@Bob Okenwa , I am also interested in investing in Phoenix in multi-family units. I have questions for you, if you don't mind me DM you. 

Post: Tips on Finding a Lender for First Time Buyer: Out of State

Mohammad El SahlahPosted
  • Lender
  • SAN JOSE, CA
  • Posts 19
  • Votes 2

@David Ruiz, I am in your currently standing in your shoes. Please update me with what you find. I am gathering as much information about this as well. If I hear anything from my end, I will update you! 

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