All Forum Posts by: Sachin Acharya

@Rafael Norat

That's a great idea. In fact there is a meet up next week here. I will check with them. 

By the way, I have in the meantime figured out that I can setup a company in one of the free zones here and through that structure partnerships. Having said I am still eager to hear from other investors who have used partners for buy and hold to learn how best to work out paying the partners back. 

Thanks! 

Sachin Acharya 

Hi Nate 

Although the expenses may vary from location to location, you may want to try running your numbers through this conservative analysis tool I put together. Remember, I have based it on the expenses here in Dubai but the tool is flexible in that you can add or remove items at monthly, yearly, and one time as you see fit. 

Hope it helps. 

Regards 

Sachin Acharya 

@Jeremy Paul

Welcome to Bigger Pockets. And Happy New year to you and your family! 

Regards 

Sachin Acharya 

Hello and welcome to the Bigger Pockets community.

You will see very soon that this is an awesome place to network with other investors and professionals that can help you in your real estate career. But that's just one little part.

Not sure if you have checked out the other contents yet. If not, I encourage you to read the blogs, check out the forum posts, set up some keyword alerts using your city name and your interests. This will make sure you are notified as soon as someone posts with those words.

Also listen to the podcasts. There are over 150 hours of amazing interviews with people who have done what we are learning how to do.

Then there is the Ask BP section which includes some great Q&As. There are many books available here too. Check out the suggestions at biggerpockets.com/books

Good luck

Sachin Acharya 

@Sheila B.

Glad to hear that you are taking action. Congratulations!!!!👏🏽 

Hello and welcome to the Bigger Pockets community. As you can see already this is an awesome place to network with other investors and professionals that can help you in your real estate career. But that's just one little part.

Not sure if you have checked out the other contents yet. If not, I encourage you to read the blogs, check out the forum posts, set up some keyword alerts using your city name and your interests. This will make sure you are notified as soon as someone posts with those words.

Also listen to the podcasts. There are over 150 hours of amazing interviews with people who have done what we are learning how to do.

Then there is the Ask BP section which includes some great Q&As. There are many books available here too. Check out the suggestions at biggerpockets.com/books

Good luck

Sachin Acharya 

 Hi Rafael

Here in Dubai, lot of the options that are easily available in the US are not available. For example, private lending is illegal. I am looking to buy and hold. The average rental yield for the country is 7.2% while the neighborhood I have chosen to focus yields about 9 to 10%.

The closing costs are quite high which makes having initial cash a basic requirement. Closing costs are usually around 16% of the purchase price, which means you need 116% in total. Banks are allowed to lend not more than 75%. So you need 41% in cash.

I am in the process of figuring out the local laws related to partnering. I would love to hear from experienced investors who have used partnership as a replacement for cash for buy and hold.

I am also working on getting my real estate agent license. This will allow me to learn more about the market, and legally qualify me to pass on opportunities to other investors.

Hello @Chad Olsen

Welcome to the Bigger Pockets community. It is encouraging to see experienced investors join the community as well. Bigger Pockets has a lot of great content for learning. 

Not sure if you have checked out the other contents yet. If not, I encourage you to read the blogs, check out the forum posts, set up some keyword alerts using your city name and your interests. This will make sure you are notified as soon as someone posts with those words.

Also listen to the podcasts. There are over 150 hours of amazing interviews with people who have done what we are learning how to do.

Then there is the Ask BP section which includes some great Q&As. There are many books available here too. Check out the suggestions at biggerpockets.com/books

Good luck

Sachin Acharya 

Thanks Kerry. That's an eye opener indeed. 

Dear Experts 

I'm currently in the education phase, and one thing that is constantly spoken about is the importance of and the different strategies involved in marketing.

I get it that the goal is to receive opportunities that you can turn into deals. 

However, if I'm still saving up the cash for the down payment of my first investment, does it make sense to go out and market? What am I going to do with the opportunities that come my way? 

Even, for experienced investors, would you always have cash ready to jump on opportunities? 

I'm sure it's something basic but I'm not getting it. 

Regards 

Sachin Acharya