All Forum Posts by: Dhru Das

@Marcus Auerbach great post!..I have been following the Foxconn development and it is great news for Milwaukee as well as Racine/Kenosha...I could not find any confirmation yet if Foxconn has finalized a location. Would love to connect with you and talk more on it...

@Brittany Booker...welcome to BP! You have come to the right place to start your real estate journey. To start with make sure to listen to the podcasts, read blog posts etc to gain knowledge. Also check out BP book store, there are some great books to choose from. any questions feel free to PM anytime.

@Mike Cumbie and @Lora P. welcome to BP!yes there is enough information here on BP to get you started on any real estate investment strategy you want to follow. For me I always suggest new investors to look into house hacking via FHA mortgage. You can get started with only 3.5% down payment and if you find a small multifamily like 2-4 unit you can live in one and rent out others. I think its a great idea for anyone getting started....but again, there are lot of other strategies that you can learn here. Good luck!

@Patrick Langwelcome to BP!

Good collection of books...podcasts and blog posts here on BP are great ways to start your real estate investment journey. 1st deal is always the toughest..after that it gets easier as you learn from your mistakes...and always get references before partnering with anyone be it other investors, turnkey providers, general contractors....

Any questions please ask anytime...

@Sezuo Daudu I use Redfin a lot...I like their app. It sends you alerts on your mobile app as soon as a property matching your criteria like multifamily, price range, area etc so you can check it out right away and run quick numbers..BP rental property apps are great for running numbers. Just stick to your numbers and don't get emotionally attached to any property..And also driving around in the area you like helps. Get a realtor set up alerts as well.

@Andrew Lee it all depends on what you are looking for. If you are looking for low prices and high cash flow there are markets for that. Normally you would want to balance between cash flow and appreciation. But to start with higher cashflow and low purchase price seem to make sense. I am not sure about Memphis market but I am from Chicago and cash flow market is really good here. Feel free to reach out anytime with any questions via PM!

@Bryan Witters welcome to BP!

Sure, would love to meet up sometime...also check out local REI meet ups to meet with local investors. You can find those here at the events page or you can even create one I think...

I know in Chicago lot of landlords don't accept security deposits anymore. Only non-refundable move in fee. Less hassle when it comes to returning money. Tenants know move in fee is not refundable. But yeah its less than security deposit but safer. I would say ask for move in fee from new tenants.

@Karla Olivares you can also try websites like Thumbtack to find good general contractors or individual sub contractors doing specific tasks like plumbing, electrical, hvac etc..I find those reliable due to reviews and quick response time. But yeah if you get referrals from other investors take those first.

@Sezuo Daudu welcome to BP!

Buying your first multifamily building and house is hacking is great idea. I just closed on a 3 unit in Albany Park in Chicago to house hack. Other areas in north side like Avondale, Logan Sq, Irving park, North center are expensive right now but deals can be found still...You might have better luck looking into Albany park, Portage park, Jefferson park, North park etc...You should look into FHA program with 3.5% down. Also for 1st time buyers there is conventional loan with 5% down as well.

Good luck and feel free to reach out....