All Forum Posts by: Wale Lawal

@Scott Trench

The distressed office market offers a "Blood in the Water" opportunity to invest in suburban office space, with a cap rate of 10-12% and a growing demand for shorter commutes. Key risks include vacancy timeline, tenant profile, buildout costs, market trends, interest rate, financing, and repositioning. Maximizing investment involves making an offer below asking price, focusing on flexibility, and building reserves.

Good luck!

@Stephanie Mbaya

LSU's high rental demand and affordable property prices make it an ideal location for house hacking. To maximize cash flow, find suitable properties, analyze numbers, and focus on student-friendly amenities. Connect with local investors through real estate investment groups, attending housing fairs, and speaking with property managers familiar with the LSU rental market.

Good luck!

@Fiona Layne-Germin

Beginner-friendly strategies for building long-term wealth include house hacking, buy and hold rentals, BRRRR Method, real estate syndicatations, rent-by-the-room strategy, short-term or mid-term rentals, and partnering with experienced investors. These strategies reduce living expenses, offer easier financing options, and are ideal for college towns, urban centers, or large employers. To build long-term wealth, start small, scale gradually, focus on cash flow, educate yourself, understand financing options, and be patient.

Good luck!

@Mike Tikh

To choose a property, consider personal preferences, lifestyle, climate, and community. Evaluate cities based on job growth, population growth, rent-to-price ratios, cap rates, and vacancy rates. Research stable rental markets, affordable entry prices, landlord-friendly laws, and infrastructure investment. Create a weighted criteria chart, visit top markets, engage with local experts, and use resources for market analysis. Prioritize cities aligning with goals while considering quality of life.

Good luck!

@Zachary Thompson

To find mentorship and community in DFW, join real estate meetups, attend REIA meetings, use BiggerPockets Community, find local investors on Facebook or LinkedIn, or form a small mastermind group. Attract a mentor by offering value, sharing goals and progress, being specific in your ask, and leveraging your experience. Attend real estate events, investing clubs, workshops, and podcasts featuring DFW-based investors. Build a consistent network by engaging with investors over time, as many are open to sharing strategies over time. If you need help crafting a message or analyzing deals, ask for help. Remember to be specific in your ask and leverage your experience to attract mentors.

Good luck!

@Keegan Felix

Kansas City and Cleveland are ideal for new real estate investors seeking affordable markets with potential. Consider multi-family properties, cash flow properties, FHA loans, and online tools. Start with $8K through FHA loans, joint ventures, private money loans, crowdfunding platforms, and BRRRR strategy. Consider self-directed IRAs and connect with working parents for a balanced real estate and family strategy.

Good luck!

@Lucas Helliker

To scale your current 3-flat, leverage equity through cash-out refinance, Home Equity Line of Credit, or house hacking extension. Analyze local markets, join real estate investment groups, and consider commercial loans for properties with 5+ units or smaller ones. Focus on value-add opportunities, network with experienced investors, and consider professional property management for future investments. Track metrics and set a goal for multifamily deals.

Good luck!

@Charlie Krzysiak

Condos in Dallas offer affordability, lower maintenance, and strong rental demand, making them a good investment for those looking to build equity and reduce living costs. However, they can be expensive due to HOA fees and appreciate slowly. Single-family homes offer better appreciation potential but require a larger down payment and more maintenance. Suburbs offer lower prices and better cash flow, but may have trade-offs in proximity and commute. To make an informed decision, run the numbers, investigate HOA rules, start networking, save strategically, and explore suburbs with affordable homes.

Good luck!

@Abigail King

Starting a first house hack in Peoria, IL involves researching, education, financing options, and management tips. Early house hackers often start small, learning property management firsthand. Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.

Good luck!

@Paul Bogard

To rent out multiple bedrooms in Philadelphia, understand zoning regulations, consult a knowledgeable real estate agent, hire a property manager, and consider multi-unit properties, student housing, and co-living spaces. Connect with local investors and experts for a house-hacking strategy and ensure proper permits for rental properties.

Good luck!