All Forum Posts by: Nadeem Alamgir

@Jesse Paxton

Many investors are playing the long game on appreciation. The ones that are looking to invest strictly for cash flow have to pivot to different markets like the midwest and southeast. 

The breakeven play can still make sense if your plan is appreciation and you’re comfortable riding it out. If you're looking for cash flow then you'll have to look in other markets. 

@David Fals

How conservative are you really depends on the location, condition and tenant base. There's not a one size fits all answer.

If it’s a newer rehab or a turnkey, you can usually get away with leaning lighter. If it’s an older building or you’re buying in a tougher area, you’ll want to be on the conservative side when running numbers. One thing to keep in mind is if the deal only works at the lean numbers, it’s probably not a deal.

You should reach out to an agent, they have MLS, which has an almost 1000 filtering system. Zillow is suppose to be user friendly, not for doing searches you're looking for.

Welcome to the forums, impressive start @Tyson Forshee

Adam!!

I couldn't agree more. Buyers want to work with agents they know that will pick up the phone and go through their concerns, making sure they're on top of the offers that are being sent out.

In a time when everyone is trying to outsource everything to AI or rely on texting and emailing to win over clients, I believe that the boring basics, such as making phone calls and building relationships, are a competitive advantage.

I had clients use them previously, and they closed smoothly every time. Besides the short terms and higher rates, I think investors are simply unaware of when it make sense to use a bridge loans instead of hard money or private money loan. 

I meet my first mentor on here. They're on one of the podcasts and I reached out to them and connected. Find someone who's doing what you want and reach out to them. Be persistent, follow up. They ignored me at first, but I was persistent and provided whatever value I could.

 No shame in trying. 

@Kevin Day

Most inspectors don’t do lead safe risk assessments since it requires separate licensing. You’d typically hire a licensed lead risk assessor for that. I can recommend someone in Garfield Heights. Love that pocket. 

 

@Senda Gopalakrishnan

Here's some common strategies: 

1. You can house hack. Live in one unit, rent the rest out. Lower living expenses while gaining landlord experience. Easiest way to get started. 

2. You can buy for cash flow. I know it's a bit hard in Cali to do that, but what many investors do is invest in smaller more affordable markets with a favorable price to rent ratio. 

3. You can flip. This is basically like full time job. You have to manage rehab + timelines. 

4. You can BRRRR. Buy, rehab, rent out, refi, and repeat. This is also another full time job because you're managing rehab and timeline. This one is also something that might be harder to do in Cali starting out so many investors go out of state. High risk, high reward. The reward is you can pull most or all your money out here and continue to buy and build up equity in all angles + potientally cash flowing. Risk is that if you don't do location + deal due diligence properly and work with incompetent contractors, you lose money.

@Syed Ahmed

Same here, I met at least two mentors on this platform that has helped me tremendously in my real estate career. The platform is what you make of it, there's so much value to take.