All Forum Posts by: Naeem Kapasi

Hey @Benjamin Ezenabor, welcome to the community!

Make sure to read the Ultimate Beginners Guide (http://www.biggerpockets.com/real-estate-investing). It is a great short book that gives you an understanding of the whats and hows in real estate.

Good Luck!

I wish you all the best looking for your first multifamily! I am moving to Houston early next year and have already started looking for a small multifamily property (less than 5 units) to live in. I am currently looking at realtor.com but can't really find anything of interest. If anyone has off market deals, know anywhere I can find deals or any deals at all that would fit in my criteria, feel free to forward them to me :)

Congratulations for taking action after having thought about it for several years!

Gongatulations @Joe Fairless! That's awesome to hear (read) that it is possible to do good deals in Houston even in todays market. Thanks for the motivation!

Wow! Great job @Gary Ennis! That house is super nice!

Welcome @Michael C.! Make sure to check out the Ultimate Beginners Guide (http://www.biggerpockets.com/real-estate-investing). It is a great book that will give you the 40.000 ft overview of real estate. After reading it, you'll have a better understanding of what strategies you might want to look further into.

Good luck investing!

Thank you @Yavor Tomov for the detailed step by step! 

@Doug McLeod The insurance percentage, is that a percentage taken from the monthly rent or from the ARV of the house?

Hey guys! I am moving to the USA next year and hopefully moving to Houston, Texas. I have been interested in real estate investing since I was a teenager, but I have yet to buy my first property. I started studying real estate in January this year, and I have read a lot. I wanted to start out flipping houses but considering the current hot market and the fact that I live in Norway, I decided to pursue buy and hold investments (not eliminating the possibility of me doing flipping in the future). I am looking to house hack a small multifamily (duplex/triplex/fourplex), whatever I can find. I am about to start analyzing those kind of deals, but I am a little confused about what exactly to look for when analyzing a small multifamily property deal.

I know I can use the rent calculator here on BP, but that doesn’t take into consideration the comps in that particular area. Would you suggest that I run comps separately and then also use the rent calculator here on BP?

Also, let’s say I find a deal that may look interesting (by looking at the physical condition of the property), how do I figure out the costs such as insuranse, garbage/sewer, water etc? I mean, I need to find out about these costs prior to making an offer on the house don’t I? And I can imagine that it would take time to find out about those costs.. Wouldn’t I loose the deal, for being too slow to making an offer on it?

I want to make it a habit to analyze at least one deal every day.

What I am looking for is how an investor who regularly buys these kind of deals, analyzises them fram A-Z :)

I appreciate all valuable feedback. Thank you for reading this long post and for any feedback!

Ps. If you know of any forum or blog posts about this, then please let me know. I tried to search for it, but couldn’t find what I was looking for, maybe I didn’t look well enough!

Hey! I am 27 and I started studying real estate investing in January this year after taking a course with a "guru" (yeah I know, but honestly, I learnt a lot of good stuff from his course and would recommend it). I've always been interested in real estate but never thought about pursuing a career in it. I am an engineer within Oil & Gas. I currently live in Norway and I haven't done any deals yet. But I am looking to move to Texas next year, and the plan is to househack using a multifamily! At the moment, I am reading as much as I can on this topic, every day after work. It's great to see so many young people doing this, I can't wait to move over and get started! In the long run, I want to flip houses in order to make cash, so that I can invest that cash into my buy and hold deals. 

"If you do today, what others are not willing to do. Then you can have tomorrow, what others can't have"

Good luck investing!

Hey Robert , I am also a newbie looking for deals in Houston. I don't currently live there, but when I move over, I want to buy a small multifamily (2/3/4 plex) and live in one unit and rent out the others. I am most likely moving next year, as soon as my visa is accepted!

My tip to you would be to read the Ultimate Beginners Guide here on BP, it gives you a pretty good understanding of real estate investing, and will help you to determine your niche.

I wish you all the best!