All Forum Posts by: Shoor Kalam

Hoping to get there one day, Robert :)

Appreciate that, Aaron. I agree that advice on an actual investing structure should be handled by an accountant... do you think I should just go ahead and form one or wait until I'm closer to actually making a deal?

@Ned, appreciate the encouragement. Podcasts were next on my list... Trying to find an hour out of my day with a 4 month old is tough but I'll be definitely taking a listen

@mehran thanks for the welcome and the link... I'll definitely be diving into that in addition to posting questions regularly here

Thanks Brendan... appreciate your candor. I'm new to this so it's really valuable to know if and when I'm going down the wrong path. I'll definitely check out that book.

Just curious to know what rules of thumb everyone uses to quickly evaluate properties... I'm aware of the 2% rule regarding rent, the 50% rule regarding monthly expenses, and the 70% rule for pricing. Any rules of thumb for quickly estimating rehab costs or closing/holding expenses? Is there anything I'm not thinking of that I'm missing?

Thanks!

Shoor

Thanks Aaron... I read Kiyosaki, and he was great - even though he's a little short on specifics, he does do a good job of telling you how to adjust your mindset. Will definitely take a look at Napolean Hill.

Hi all! I'm Shoor and I just joined yesterday.

I'm totally new to the real estate scene, but started thinking about what REI could do after the wife and I built and closed on our first home last September. Since then I've been reading everything I can get my hands on about buy and hold investing and I'm hoping to close on my first investment property deal within the next 6-9 months.

My eventual goal is to own enough property to retire, but I know I've got a long way to go not only in terms of time but in terms of knowledge as well. Hoping BiggerPockets can inform, enlighten, and point me in the right direction!

Thanks,

Shoor Kalam