All Forum Posts by: Wale Lawal

I will recommend you tag along with only 2 partners if possible (the smaller the partner the better), one that have the money and the other have one that have the experience.

It looks like you have a solid deal at hand. Do all you can to close on it.

I love the Buy & Hold mindset...Congratulations in advance because I trust that you will figure it out by leveraging on partners.

I will be following your journey.

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Buying & Selling Real Estate

Post: Newbie needing direction on an empty lot

Wale Lawal

Posted February 05, 2021 04:06

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

Originally posted by @Lee Hampton:

First, make sure the lot can be developed for multi-family. People misunderstand the statement “Houston has no zoning”. While that is technically true, there are several ordinances enacted in Houston in the last seven years the act as de facto zoning, not to mention deed restrictions. Small multifamily is particularly challenging to navigate. The multifamily you see near Rice U. was built long ago and would not be permissible by COH under current rules. You can’t just recreate what you see around the lot.

With 6000 sq ft lot, the max number of units possible is three (3), and that is just based on the density rule which is a max 27 units/acre, prorated that puts you at a max of three. That’s just for starters, not even considering other ordinances, .e.g., minimum parking requirements. Also, Check deed restrictions to ensure multifamily is allowed

If you have not bought the property, get in under contract with a 15 day option, then bring in someone with knowledge to advise you. Getting it under contract ensures you and only you can close the deal. Then get a sense for the real “possibilities” without the worry of someone undercutting you.

Very Great Advise.

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New Member Introductions

Post: Bigger Pockets is Literally what heaven on earth feels like. ❤️

Wale Lawal

Posted February 05, 2021 03:56

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

Rich Dad, Pood Dad

The Millionaire Real Estate Investor

The E-Myth

The Art of a Deal.

CashFlow Quadrant

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Hammond Real Estate Forum

Post: Northwest Indiana Newbie Investor

Wale Lawal

Posted February 05, 2021 01:57

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

Originally posted by @Reshmi De Armas:

Originally posted by @Wale Lawal:

@Reshmi De Armas Welcome to BP Family. You can go here https://www.biggerpockets.com/... to find local events and network with local investors in your city.

Goodluck.

Omg.Thank you so much @Wale Lawal for the link. That helps so much. Even though there are no events scheduled right now near me, I will make sure to keep checking regularly. Thank you again.

I am glad it helps. Please continue to take action and I can not wait to read your success stories.

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Hammond, Indiana

Real Estate Events & Meetups

Post: Monthly Meetup Meeting - Real Estate Investing in 2021

Wale Lawal

Posted February 04, 2021 09:54

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

I am not aware of Delaware. This event is happening today

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Starting Out

Post: House hacking multifamily home

Wale Lawal

Posted February 04, 2021 09:30

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

You are welcome

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Real Estate Agent

Post: Agents, what's your #1 tip? (Plus, NEW BOOK!)

Wale Lawal

Posted February 03, 2021 18:16

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

@Nathan G.

Great advise 👏

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Real Estate Agent

Post: Advice for New Agent Choosing a Broker

Wale Lawal

Posted February 03, 2021 17:44

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

@Bryan Montross

Interview your top 5 prefered brokers and go with the one that will add more values to you and help you grow. Most brokerages have similar business model.

I will suggest you get the David Greene SOLD book once you pass your exam.

Goodluck

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New Member Introductions

Post: New to real estate Investing

Wale Lawal

Posted February 03, 2021 17:37

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,600
Votes 2,447

@Elizabeth Bell

Welcome to BP Family and I will suggest you stick with ONE STRATEGY for your first year for a faster result.

You will definitely learn a lot if you come here often.

Goodluck

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Wale Lawal has started 86 posts and replied 4426 times.

Rounded Star Post: Where can I find and which contracts does a wholeseller need?

Rounded Star Post: Newbie needing direction on an empty lot

Rounded Star Post: Newbie needing direction on an empty lot

Rounded Star Post: Bigger Pockets is Literally what heaven on earth feels like. ❤️

Rounded Star Post: Northwest Indiana Newbie Investor

Rounded Star Post: Monthly Meetup Meeting - Real Estate Investing in 2021

Rounded Star Post: House hacking multifamily home

Rounded Star Post: Agents, what's your #1 tip? (Plus, NEW BOOK!)

Rounded Star Post: Advice for New Agent Choosing a Broker

Rounded Star Post: New to real estate Investing

Post: Where can I find and which contracts does a wholeseller need?

Post: Newbie needing direction on an empty lot

Post: Newbie needing direction on an empty lot

Post: Bigger Pockets is Literally what heaven on earth feels like. ❤️

Post: Northwest Indiana Newbie Investor

Post: Monthly Meetup Meeting - Real Estate Investing in 2021

Post: House hacking multifamily home

Post: Agents, what's your #1 tip? (Plus, NEW BOOK!)

Post: Advice for New Agent Choosing a Broker

Post: New to real estate Investing