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All Forum Posts by: Adaora Nwogbo

Adaora Nwogbo has started 4 posts and replied 18 times.

Post: Newbie Open to Advice

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

No problem. My mom started in Nigeria but now is looking at US especially TX so your not wrong to have the mindset. Will do. Good luck on your side also. Happy learning and investing.

Post: Conventional Loan then FHA Loan

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Thanks for the response Michael i think its a great strategy im still new so learning more of the lingo. Going to look into the Loan Guide to understand the financing part a little bit more. That makes sense the FHA loan if your looking to occupy for at least a year, but if you can own 2 properties within a year i think that's quite nice. Thanks for your insight appreciated.

Post: Newbie Open to Advice

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Completely understand BiggerPockets has been in business since 2004 so imagine the wealth of knowledge. It gets overwhelming but exciting for a new investor. But if your motivated you soon start to understand some of the lingo. You can also subscribe to the YouTube channel if your a visual person. The videos provide alot of slides and you get to hear personal experiences too. Some of their podcast are featured on the YouTube channel so its a quick shortcut.

So Texas is quite a good area if you are trying to get a bang for your buck compared to places like Seattle, LA etc those higher markets. You can really find houses here at good deals you just have to have an eye for it. Honestly still new so cant really go to in depth as the experienced investors go giving a better layout of the land and good places to look into

Im looking into multifamily properties and looking to adopt the buy and hold strategy. Im still learning but i pay attention to the forums and look at what experienced investors are looking at. If they keep mentioning one place more than once in similar posts then thats possibly a good place to be in and then i need to learn how to better analyze and learn more of the lingo from there. So honestly the answer to that question is im following the path of the successful to use to learn and then adopt my strategy. I personally stay in Arlington so i already know DFW side is a popular place so im looking into that area just need to narrow it down more. The investors keep talking about Temple, Belton and Killene, TX you can actually do a conventional loan and look into an FHA loan in another area just because of those places (good moderate housing prices) there are more creative strategies apart from what i mentioned.Anyways im a long typer. Hopefully that answers your questions. Thanks

Post: Newbie Open to Advice

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Credit to Nick Peters and Justin Windham for the step by step

Post: Newbie Open to Advice

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Hey Yusuf im a new investor myself so welcome goodluck on your journey. Since your working with a time frame your really in a good spot to keep on learning (currently what i am doing also). You can look into joining the Local Real Estate Forum and try and find Q&A's from people investing in your area. This is also some steps the moderator's tend to share to make it a better experience for you on the platform. You've probably looked into all of this already but just sharing.

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Post: New investor in Tallahassee, FL

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Welcome Brandon its exciting stuff. I am a new investor in the education phase and planning out my first property purchase still have a time frame. Congrats on the jump if youv'e reached all the steps. I enjoyed reading the First Time Home Buyer's Guide also Mindy and Scott's podcast are really amazing anyways welcome and good luck on your journey.

Post: Conventional Loan then FHA Loan

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

I have been going through the forums and I am seeing investors suggestion areas like Temple, Belton and Killeen TX to look into because of the modest price range and deals in that area. I am doing quick scans on Realtor, Zillow etc to see what prices go for (still will go in depth to analyze). But I am a new investor starting out i was looking into the DFW area (still need to specify exactly where) but im seeing housing prices around 200k and above and im not seeing a lot of multifamily(which is what i am interested in). Currently I am using just the MLS as of the moment then will move into other methods. Anyways main question here is it a good strategy to look into getting deals in the areas suggested using a conventional loan because of commute (my personal factor) and still have enough to take care of expenses and try and cash flow there,then use an FHA loan in the DFW area to satisfy commute to work and also take advantage of the appreciation. Im reading DFW area is more appreciation than cash flow. I am still learning so will research more into this. Is this a good way to look into things as a new investor or is it best to just focus on one property at a time and get comfortable first. Usually what is recommended is House Hacking. Feedback would be appreciated.

Post: DFW Multifamily Investing

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

This information was really helpful Bruce, Roland and Austin also looking at multi family in the DFW area starting out so the advice is appreciated 

Post: The First-Time Home Buyer’s Guide (Reading)

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Thanks will do. Its amazing to know education in real estate is continuous but still exciting appreciate the encouragement 

Post: Newbie from Arlington, TX

Adaora NwogboPosted
  • New to Real Estate
  • Arlington, TX
  • Posts 18
  • Votes 12

Thanks alot Marlen i will look more into that. I signed up for the Rookie Podcast and the others, I currently listen to the rookie but ill try and alternate to the others also. There is so much to learn but its exciting i want to get good enough to engage people more in the forums so thanks for the welcome and encouragement