All Forum Posts 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.

0 Votes

Hammond, Indiana

Starting Out

Post: Fighting Fear with Education

Wale Lawal

Posted February 03, 2021 16:13

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,718
Votes 2,511

@Katherine Fusco Real Estate still remains the safest asset for many.

A lot of people have been in your shoes before including myself. You just have to overcome your fears with SOLID EDUCATION and NETWORKING with folks that have done it and learn from them.

The best time to start is NOW. You are not entirely new to real estate since you currently own your own house.

Goodluck and I can not wait to see you jump in.

0 Votes

Off Topic

Post: New Member Technical Difficulties

Wale Lawal

Posted February 03, 2021 15:53

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,718
Votes 2,511

@Ron Hill I will suggest you contact BP support, they will be able to help you out in no time.

Welcome to BP and don't be a stranger.

Goodluck

0 Votes

Houston Real Estate Forum

Post: Wanting to for BRRRR in Houston.

Wale Lawal

Posted February 03, 2021 15:50

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,718
Votes 2,511

@Andrew Yen as @Vijaianand Thirunageswaram mentioned Houston Market is currently experiencing massive bidding wars with out of state buyers that just want to put their money in Real Estate at all cost.

Just yesterday, my client lost a great property to another buyer even after we offer $20,000 over the asking price along with other favorable terms to the seller. Most of these buyers don't care about cash flow.

I will not discourage you from flying down to Houston to network with smart Investor-Agent and Wholesalers but I will advise you re-strategize and be realistic with your expectations.

Let's connect to see if I can help.

Goodluck

2 Votes

Houston, Texas

Real Estate Deal Analysis & Advice

Post: My first ever 44 Unit MF apartment closed in Dec. 2020

Wale Lawal

Posted February 03, 2021 15:40

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,718
Votes 2,511

@Yosef Lee This is very inspiring and Congratulations!

I see pure hustle, 100% dedication, and power of partnership playing out here.

I can't wait to read more success stories from you.

Keep winning man.

2 Votes

Starting Out

Post: House hacking multifamily home

Wale Lawal

Posted February 03, 2021 15:38

Real Estate Broker
Houston | Dallas | Austin, TX
Posts 4,718
Votes 2,511

Originally posted by @John Warren:

@Cherisse B. house hacking is such a great strategy. The main thing I tell everyone who is looking to house hack is that you always have to decide whether you want quality of life or cash flow more. Most people probably should buy in a nicer area and opt for a good quality of life as opposed to chasing cash flow into tougher areas. I also tell people to buy the very best quality building they can afford. Try to find one with excellent "bones" in a solid neighborhood and the rest will take care of itself.

Absolutely correct! I could not say it better and this blog from @Whitney Hutten even buttresses your point further.

Read it here: https://www.biggerpockets.com/...

I have helped a couple of clients to house hack and I always recommend they focus more on great neighborhood and appreciation instead of cash-flow in crappy areas and huge deferred maintenance on the property.

Goodluck

1 Vote

Kentucky Real Estate Q&A Discussion Forum