All Forum Posts by: Nabil Suleiman

@David Featherstone You dont need to pay an agent to run comps. PM me the address and ill do it for free. will take me minutes. 

@Donny M. Hey Danny, I had a similar crossroads when trying to decide what to do. Many told me to do residential first and if I made money in that then I could go into Commerical. I know others that started the same time as I did that ended up not selling much for about 18 months+. Its a difficult road so just be prepared on how much slowed Commerical moves before you see any income vs single family, you likely have more people (assuming) looking to buy or sell a home or small multi vs someone selling 5+ units or office space. I have done residential and Commerical, but Commerical for me is specific to multi family. I dont usually do land, office, manufacturing etc since its not me wheelhouse, but there are crossovers like multi that you can for sure do especially if you already know how to underwrite them. This isn't advice just a story of my experience, you can do both as you learn this world more. Good luck!!

welcome 

@Kim Chong

There is no right answer to this. I know plenty of people that do multi and tell me to get into it all the time, but I also do what @Darius Ogloza does and invest in sfh, renovate and cash flow well above what some of my friends multi units cash flow for. Obviously the risk factor in multi family can be narrowed, aka if one tenant moves out of 4 unit your cash flow is minority interrupted vs my single family home is $0 during any kind of turnover. I have done some flips for clients where they invest and then hold and rent out once its done. Depending on your areas, you can utilize ADU's if you feel like it adds value, but again.. the area and home will dictate that choice. I would dig deeper into both options, the tenants you get, the turnover of multi family vs single family, and your long term hold and cash flow goals. That can help determine which direction you choose to go.

 This is an example of why it’s a mixed bag.  You better have everything super well documented, because if you leave any room for error, you can set yourself up for failure. The answer isn’t no, it’s just be aware of everything you must do to be in line with ethics and laws... even besides that you have the clear cooperation policy to abide by now as well. Just make sure you are fully educated and your broker is as well. 

@Rouanne Garcia

check out Formatic

@Tim ORourke I use to have one monthly before covid, but the big ones are still pretty active. For investors by investors has multiple chapters, LAREI is a big one. I know Bigger Pockets has meetings advertised as does meetup's website. Most are virtual still which is great because you can stay home and still get incredible information for free. Just dont buy into any programs if those are advertised. Self educate first, and if you find an addiction and decide theres a class that relates to that, then go for it. 

@Tim ORourke

Hey Tim, Ali and Peter are both right. The most difficult thing for newer investors is settling on the choice you want to make about where to put your money and "invest". I put that in quotes because there is no right answer to what you decide to do, you just have to figure out your comfort/risk levels, decide on whether or not out of state cash flow beats out house backing (reducing your total rent rate/ paying down principal/ possible appreciation). Each has their pro's and con's and I always tell people to join as many real estate meet ups as possible, and just be a fly on the wall taking in all the information. Same with Podcasts, reading, and exploring your options. Once you feel like you know which way to go though, the most important part is taking action. A large percentage of people just say its not possible for them and never take that step, where as it is possible for everyone, its just figuring out the best path forward. 

@Cris Francis Thats a mixed bag, ethically you can't. The purpose of a wholesaler is to tell the person selling the home that their home is worth 750k and then you sell it for 800k and make the profit. Your entire purpose as an agent is to help the seller sell it for the highest price possible.