All Forum Posts by: Nabil Suleiman

@Karim E.

If your goal is to build wealth the question would be what you are willing to buy and if 110 is your maximum dollar amount. Depending on what you have saved currently could dictate the scale you can invest and the speed in which your investments can increase. There is no right or wrong place to start, you may just have to realign your expectations around what type of RE you can buy, and how slowly it may take for that wealth to accumulate. Often the aspect of live in flipping is a common step if you are currently living, working, renting in Pasadena. 

@Sara Booth

I have a friend who's moving out there specifically to do just this. He was doing flips and developments in LA and is moving there to increase his momentum. 

@Bulat Idrisov

Hi Bulat, with your story above I think craigslist, and maybe apartment finder would be your best fiend in this situation. 

@Alex Mondragon

not in LA

@Jevanie G Domally

Make sure you reach out to multiple and look at their rates, points, and terms. 

@Bruce Banner

Hey Bruce, when it comes to 1-4 unit properties cap rates are not a commonly used data point, vs looking at what your cash flow and appreciation plays are in so cal with the potential of a 30 year fixed mortgage locked at todays interest rate. Only you will be able to decide what's best for you and where to put your money. For some its real estate, for some its not. I would look into what tool you will be using to hedge against inflation as I am sure that is on the top of peoples minds more and more as the fed begins to potentially back track their belief that this may be short term. You have options, take action on one or a few of them. 

@Mikhail Petrenko 

You can look at land value or what the potential of what can be built there and work back from that. I look for opportunities like that all the time so either of you are welcome to reach out if he is looking for a buyer. 

@Mary Paras yes ill send

@Evan Lieb In your situation, your decision (in most cases) will likely be driven by what is best for your kids. After that decision has been made via renting or buying in the area that provides the schools that you think are best for them, then the concepts around investments and returns become a conversation, but for the most part the two don't always coincide. Often the best school district areas are not the best investment areas when we think about returns, or future appreciation. Does it happen? Sure.. but to the same effect of buying something in an area that's becoming more popular/ Schools improving/ potential cash flow etc etc... So buy or rent to achieve that first goal, and then look at ways to explore returns either through that first goal if possible or if not.. then with whatever you have to invest. 

@Rick Brand

Hey Everyone

Most meetups are still virtual, aka for investors by investors is an example, hopefully in person meet ups come back soon