All Forum Posts by: Amir Khan

@Matt Wan you've received some excellent advise here. I will add, with technology, it is quite easy for overseas investors to invest practically anywhere in the US. In my opinion:

1. Decide specifically what are your real estate investment goals: property appreciation, cashflow etc.

2. Based on those goals, research online (or get ideas here on the forum about those markets). Decide on one market to begin with.

3. Find RE professionals in those markets. You will need a RE broker, property manager, and a lender at least. Do NOT find random people on Google, always ask for referral from experienced REI in those markets.

4. Do one deal, see how it goes. Adjust your strategy and/or your team as you go along.

hope that helps..

Quote from @Dominic Barese:

 Whats the point of the forum then? I thought it was to make connections and build new relationships,  that doesn't make any sense to me at all but OK I apologize for asking to break the rules of bigger pockets im just looking for help

I don't think there is anything wrong with asking for help at all! You are correct, otherwise it completely defeats the purpose of this forum. Yes, people can not post their services on the forum, but other investors can certainly reach out to you privately with their recommended referral. DM me and I'll be happy to refer you to my CPA who understand REI (she is not in Mass area though).

@Robert Frazier are you saying that you are wanting to learn how to get financing for your flipping business?

Quote from @Chad Verde:

To clarify, $200k in equity so estimating cash out refi around $130k

Like some wise advise here, this is not cash this is equity.

If you do $130K cash out refi (on $200K equity), are you also estimating how that will affect your rental property cash flow? In my experience, the cash flow may be substantially reduced (or even become negative taking into account interest rate of original loan and refi closing costs). If that happens, then you will need to set aside certain funds as "band aid" to stop negative cash flow bleeding.

Are you facing any one or all of the following due to lack of access to private money lenders:

• Inconsistent Access to Capital
• Time-Consuming Fundraising Process
• Lost Deals Due to Funding Delays
• Increased Stress and Anxiety Over Funding Uncertainty
• Damage to Credibility and Reputation
• High Costs and Unfavorable Terms from Private Lenders
• Difficulty Scaling Their Portfolio
• Limited Negotiation Power
• Lack of Clarity on Structuring Deals to Attract Private Capital

If you’re going through something similar, please reach out to me - you’re not alone and I’d love to help! To assist you, please let me interview you. In this 40-minute Zoom interview, I would like to learn the challenges you are facing trying to find private money lenders for your real estate deals.

This is a purely research-based project. I am not a private money lender/broker and I not selling anything (or have anything to sell). In return for your time, towards the end of the interview, you can ask me anything about raising private capital as I’ve had great success in the area.

If you are interested, please DM me and I’ll send over my Calendly link for your to schedule the Zoom interview. Thanks!

@Vhernadette Sasing as Basit suggest, after taxes you are about $325K/year in income currently. One option is investing in real estate as a private money lender. This is a passive way of earning with real estate-based security, protection and insurance. 

You can gear up real estate portfolio to earn about $325k/yr or more earning double digit returns. To reach this specific goal, you will need about 41 loans each at $30K earning you monthly passive income. You can start with few loans and build up over few years to reach this goal. DM me if you need more information.

@Pat McGinnis your best bet would be exploring SBA small business loan...

Making an emotional purchase decision on an investment property and ignoring the numbers. 

Overcome this by using the most conservation numbers for your underwriting. If that process identifies a smashing deal, then make your investment decision based on it. Numbers don't lie! 

@Teahjsia Frazier excellent advise from others here. I agree house hacking would be best for you. 

Also, if you choose the rental portfolio route, be realistic. For most people to earn enough cashflow to have a comfortable lifestyle from rental properties may take many many years. Numbers don't lie, do some math by figuring out where you can buy properties with targeted amount of cashflow per month. Then figure out how much cash would you need to buy them. Then you'll come to number of properties needed to earn that kind of cash flow.

Quote from @Rochelle Gerber:

I may leave a current employer and therefore I believe I will be eligible to turn my 401k into a real estate investment product. Pros and cons? ability to use the whole amount and how so ?

@Rochelle Gerber absolutely! I do this all the time for my investors. First you will have to ensure your 401K is eligible for roll over to a SDIRA. As you said you are currently still employed there, so you can't do it right away until you leave employment there.

Second, once you've rolled over, you can setup your SDIRA as a regular account (where fund release has to go via your custodian) or setup a LLC checkbook option, where you can write out a check for your choice of investments.

Yes you will have full control over the use of funds in your rolled over SDIRA. I work with several custodian companies and depending on your account needs, can do a warm introduction to my contact. DM me for assistance.