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All Forum Posts by: Mhamed Channaj

Mhamed Channaj has started 5 posts and replied 53 times.

Post: Should I find funding before finding a property?

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

LMAO!!!!

Post: Turnkey Deal Gone Bad...

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

@Mike D'Arrigo Exactly thank you. 

Post: Turnkey Deal Gone Bad...

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

what do you expect from D & F neighborhood ?

Post: Buy and Hold SFR (First Deal)

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

not bad at all. Good luck!!!

Post: My first rent check!

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

@Pyrrha Rivers thanks for sharing. Good luck with the rest of your journey. 

@Mike Henkel very impressive my friend!!

I wanna be like you when I grow up I'm 

Only 51 lol. 

Congrats. Don't stop. 

Post: Need help understanding a wholesale deal

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

@Mustafa Abdulali of course there is always a buffer so there is a wiggle room. 

See the property then look at the comps that should give you a clear picture. 

How is the market in Naples ? I'm closing on 3/2 SFR in Kissimmee this month

And planning on moving down there, 20 years in New York and 6 years in PA 

I'm tired of shoveling the snow lol. 

Post: Need help understanding a wholesale deal

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

@Mustafa Abdulali that $10000 is just the assignment fee that the wholesaler is charging you on top 

Of whatever he is making on the deal. Find out how much repair this property needs and what is the cost

Associated with that ( come up with your OWN repair cost don't take his) then look at the ARV to see if

This is actually a deal you should go after. 

Good luck Mustafa!

Post: Starting out in Orlando FL!

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

@Meghan Helbick HOA can really kill a deal from cash flow perspective. You can find one with at least low HOA if you focusing on SFR and condos. Just got 2/3 house in Indian wells Kissimmee with $35/year HOA.

Best luck 

Post: Orlando fl - property manager needed

Mhamed ChannajPosted
  • Investor
  • Pittsburgh, Pa
  • Posts 68
  • Votes 12

@Shelley Alterman thank you !

@Jeff Joachim thanks for reaching out. The market is great here in Pittsburgh -flips or buy and hold-

I just picked up my first property in Indian wells this week. I love Orlando and we have family all over the state of Florida, we'll be moving down there in couple years, so that's where I will be investing, some flips and buy and hold as well, so I'll be definitely be in touch with you. 

I already talked once to @Christian Marin