All Forum Posts by: Ariq Sharif

Thanks for the advice it is truly appreciated

Pro

I've build up enough courage to make Real Estate Investing my way of life. I am ALL IN. But I have a question.

This is what i want to do.

1. I want to invest in properties I can pay for all cash. (40K to 60K and negotiate down)

2. Sell the Property via Seller Financing to investors or 1st time home buyers.

3. "For Now" because I need to build up cash reserves Sell the Note

This is my plan, then a little down the line Sell part of the notes, and keep part to create monthly cash flow.

My question is what do you think is the best way to find these properties (a link to a podcast or webinar or suggestions?)

Thanking you in advance

I live in Delaware and there is a list that post the Sherriff Sale auctions. It list plaintiff/defendant/property address/amount... etc.  Yes, I know that the property can be brought at the auction, but I'm wondering if there's a way to better utilize the list to up my chances of getting a better opportunity to purchase these distressed properties. 

Thanking you in advance for the advice. 

Thanks for the great advice.  

Hello Everyone,

I am highly motivated, determined, and focused to make Real Estate investing my full-time career.  To be truthful I want to create a lifestyle not only for me, but for my children's, children's, children's benefit; so they can benefit from the work I put in today. 

I believe all successful people have a Mentor! And I am seeking out someone who not only would share their precious time and wisdom, but profit as well for their assistance.

I am willing to put in 100% of the work because I work at night and have all day to build my Real Estate business; I just need that guidance, that I believe will help me reach my goals.

I trust the bigger pockets community, and look forward to hopefully working with a successful Investor that will see the benefit in being a mentor to a success story in the making. 

ead the 10 Lethal Mistakes and tomorrow 3/23 I am going to look at 3 properties, and I am totally trying to avoid all the lethal mistakes. 

So, my question is this; I live in Delaware and One of the properties is a complete rehab, I mean down to the studs basically.  But it's in a great neighborhood,It's zoned as a 1Family Row House, but the Residence Class: 2 family Platted Lot.  It's 2450sq ft - 6bed/2.5bths.

They are asking 45k (which I offered 20K) with a rehab cost of approx 80K, closing cost approx 5K, so I was thinking what might be the best way to profit off this house.

Based on the area mostly 2bd/1bth are sold rent range from $825 - $875. But, a 3bd/1.5bth rent range is $1100 - $1150.  

So, If it's a complete rehab would it be better to convert that SFR to a 2/1 2/1 1/1 or a 2 Family 3/1 3/1. Or, would that be taking on too much for a 1st project; and wouldn't that include architect plans....etc.

Just looking for more insight to get my 1st property under my belt.  1st always the hardest.

Hello PB family.  I see and hear this all the time "30 days to your first real estate deal" and following that is some kind of projected figure you could make 5, 10, 20 thousand dollars, no cash, no credit...etc.  (We know it's basically wholesaling, maybe lease options it could be a few things.. but none the less)

I understand it depends on the individuals determination, drive, persistence, a plan and taking massive action.  But does this 30 day mantra kind of set up new investors for failure if it doesn't happen in 30 days? Does this time frame just setup an up-sell opportunity to say, you need personal training or a boot-camp to be successful? Why the 30 day mantra?

To the BiggerPockets Family I have 2 questions.  

1.  If you wanted to make 30 days a realistic goal for a new investor to complete their 1st investor opportunity, what would be your outline/plan for them to accomplish that goal?

2.  Based on experience what would be a more realistic/consistent time frame; if you wanted to maximize the success and keep new investors motivated and enthusiastic.

Hello Everyone,

This web-site is GREAT and I have learned so much.  Now, here is my question.  I hear most people say don't quit your day job to invest in Real Estate until… And, I ask Why? Wait…. Let me clarify, I'm not saying Yes or No either way, its based on everyone particular situation. But I'm just curious as to why that is the consensus when it comes to real estate investing.

To me investing in Real Estate is like a commissioned job (feast or famine).  Just like when I worked in the mortgage business; You have to market, hustle, speak to people, get leads, network, find creative ways to get deals by any (legal/lawful) means  necessary if you want a check. So, functionally wouldn't it be the same thing?

If you have the Drive, Desire, Passion, and Perseverance without a PLAN B, and you have the lovely people here on Bigger Pockets to shorten that learning curve, and you truly have a school of knowledge and answers right at your fingertips; Why Not quit your job and go for it?

 Let's just say for example you make 26k a year, that's roughly around $500.00 a week, after taxes about $350.00 weekly so monthly you bring home $1400.00 per month.  And, let's also say your boss was so generous he/she gave you a $0.25 raise for all your hard 40/50 hrs you put in at work. 

REALLY, why wouldn't I take the chance and focus on wholesaling or flipping a deal and including in the numbers 3k to 5k or more profit for myself?  Wouldn't that be a better investment of my time? (More Bang for the Buck)

Sorry, to be so long winded….. 

May 1st 2015 I am taking my real estate investing seriously, and now I am working on getting my first deal. Just a bit of information I live in Delaware.  Being a loan officer for over 10 years I understand the finance side, and I feel very comfortable speaking the language of real estate and speaking with real estate professionals and people in general.

So, I'm hoping what I know will shorten my learning curve.  But, here's the problem; I've never been good at marketing my business. But, I've been good at marketing myself.

Now that I'm seriously looking for my first deal in this new endeavor I want to get up and running as quick as possible. (I know all new investors probably say that) I listened to a podcast that spoke about absentee owner and listsource.com. My question: Is there certain filters/criteria I should put in when I put together my list?

I really don't want to use bandit signs, but I want to use at least two methods to find sellers.  Any suggestions?

Thank you all

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