All Forum Posts by: Amir Khan

Welcome! What is your question?

Quote from @Nathan Wadkins:

Hey everyone, been looking into REI for quite a while and am getting more serious. Purchased PR in 2020 with interest rate of 2.75%, 15yr. Owe $160k w/ $90k equity.

Gross Income: $10.5k monthly

$18k in loans

Current mortgage is $1600 and PR could rent for $1650. 

My question is would it make sense to save for down payment for another primary residence and rent this home out with negative cash flow to get into the REI game. I can cover the negative cash flow for the remaining mortgage term and may look at paying it off early. OR should I be saving to just buy an investment property?

Negative cashflow is never a good idea (even if you can support it). Because at some point you may additionally have a major event/appliance failure and a large expense will make it even more expensive mistake. 

Don't be in a hurry to get into the REI game. Take your time, do your research, save as much as you can. You'll know when the time is right..

Quote from @Maggie Rose March:

When do you prefer using private money over traditional bank loans for real estate? Let’s dive into the pros and cons of each. I’d love to hear why some of you might lean towards one option versus the other!

Depends on your REI strategy. We buy distressed SFH so they cannot be financed by traditional financing and their requirements. Private money lenders primarily lend money based on trust and your track record. In our case, financing is always 100% (which is also not possible with traditional financing)...

@Joseph Lawrence I am in North Dallas (I've lived in NYC), what is your investment objective in buying a new home?

Quote from @Daniel Chapman:

Hey Family, I'm looking to invest in Toledo and I'm not too familiar with the lay of the land. I'm a trucker and always passing through on my way to the Chi, but I really want to look into the area. So Toledo , please help me and let me know how I can help. I'm looking forward into developing my roots in the community!

I have few properties in Toledo (I am in Dallas), what are you planning on doing there?

@Karl Kauper Yeah there are tons of property owners on BL. I have properties in Toledo, OH but not in Cleveland..

Are you a real estate investor facing any or all of the following challenges:

• - 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

In this FREE educational workshop, I'll teach you:

• - Consistent and Reliable Access to Private Capital
• - Freedom from Financial Stress
• - Ability to Close Deals Faster and More Efficiently
• - Scaling Your Real Estate Portfolio
• - Increased Negotiation Power and Leverage
• - Building a Strong Reputation as a Reliable Closer
• - Maximizing Profit Margins on Every Deal
• - Achieving Long-Term Financial Freedom and Security
• - Creating a Scalable and Repeatable Funding Strategy
• - Building Strong, Mutually Beneficial Relationships with Private Investors

Amir Khan is the managing partner at Dream Prime Homes, LLC. He has over 20 years of residential and commercial real estate investment experience. He is an expert in raising money for real estate investment deals.

Quote from @Wei Jie Yang:

Quote from @Bruce Lynn:

You don't have to go at it alone like what you have done already. That's risky. Partner in other people's deals. Look for some NNN funds. Network with commercial brokers and ask them for referrals to reputable investors. People always need money to do deals. Look at some places like crowdstreet.

I wouldn't even know what to say to a broker. I feel stupid calling one at random and just saying I have an interest in buying commercial with no real criteria or research done before hand. 

I can help you what to say to brokers...DM me

Quote from @Wei Jie Yang:

Quote from @Amir Khan:

So your 5-plex will help you with your ability to get into commercial real estate. Here are 2 key factors to prepare yourself for your entrance into commercial realm:

1. Searching and putting LOI on commercial deals through buyers brokers (or directly via listing broker)

2. Lining up your commercial lending.

I suggest, focus first on small commercial multifamily: 10 ~30 units. This will help you buy and manage larger deals. 

 I have a dscr lender that does commercial properties. At least mix units and small apartments. Idk about the others.

Is there a particular market you would suggest to review/analyze? 

 Depends on the cap rate you are looking for. For example, I am in Dallas, TX - the cap rates are very low here. Currently I am investing in the Midwest. But it really depends on your goals and future plans. DM me if you need help..

So your 5-plex will help you with your ability to get into commercial real estate. Here are 2 key factors to prepare yourself for your entrance into commercial realm:

1. Searching and putting LOI on commercial deals through buyers brokers (or directly via listing broker)

2. Lining up your commercial lending.

I suggest, focus first on small commercial multifamily: 10 ~30 units. This will help you buy and manage larger deals.