All Forum Posts by: Faraad Mohamed

Hey @George Pineda! Congratulations, you're already halfway to your next deal! I specialize in Investment Real Estate in the Houston market and my company comes across about 5 -10 exclusive off-market small multi-family deals on a monthly basis. Feel free to add me as a connection and I can send you some more information on how to get on our investors list.

Welcome to the BP family @Jameika Southern @Knashae Smith! Most people prefer to invest somewhere comfortably between home and work - especially for your first couple of investments at least because it's very easy for people to take advantage if there is no oversight. Based on your post, it sounds like the next step for you would be to build your criteria of what you're looking for (area, condition, proximity to work/home, etc.). Are you looking for something turnkey or something significantly discounted that needs a little work? Then after you figure that out, the next step is to start analyzing deals. Brandon Turner does weekly webinar's on how to analyze Real Estate Investments. Take good notes then start analyzing. You can either spend hours and hours looking for deals on the MLS or get people to start sending you deals directly to your inbox for you to crunch your numbers on. Once you find a deal that works for you, pull the trigger and don't hesitate because in the Real Estate Investing world speed always wins and if you're not quick to make decisions, more seasoned investors will beat you to the punch every time. Don't get too caught up in the self-education aspect of it because it's very easy to do. The best way to learn is by doing. And if you need help finding deals... I know a guy :) I hope this helps!

Nice work! Very inspiring post

Thank you sir! You have to get me on the podcast once I do! @Grant Rothenburger

PM sent

@Ann Brock 🙋🏽‍♂️

@Grant Rothenburger love your advice and the quote! It's just... you know... us millennials want everything right now. My goal is to hit that $1M mark in 5 years. I'm trying to reverse engineer strategies on how I can make that happen. I appreciate the feedback!

 Thanks for the feedback! Are there any other dependable businesses that you would recommend?

 Great ideas, thanks! And thanks for looping in @Omar Khan!

Thank for the feedback @Caleb Heimsoth! So far that has been the only option I could think of but it just sounds so slow...

The average flip takes about 4-6 months from contract to close which equates to 2-3 flips per year. Let's assume an average profit of $20k per flip for the sake of easy numbers. That's roughly $60k earned per year assuming 3 flips per year. That equates to 16.6 years to reach $1M! 

Now of course profits earned would be reinvested and then property of higher price points and higher profit spreads could be purchased, but I'm thinking it would still take at least 10-12 years to hit that $1M mark with this strategy. 

Granted, slow money is better than no money but I'm thinking someone on this forum has some brilliant idea that we haven't thought of yet that could probably benefit us all as a creative out-of-the-box strategy.