All Forum Posts by: Farhan Khan

Thanks Christan. I will try out the tools that you mentioned in the post.

Farhan 

I'm looking for some advice on tools or software that can help me scrape real estate websites to gather data such as home values, tax assessed values, and other relevant property information. My goal is to compile this data into an Excel spreadsheet for further analysis.

Ideally, I'm looking for a tool that:

1. Is user-friendly and doesn't require extensive programming knowledge.
2. Can scrape multiple real estate websites reliably.
3. Allows me to easily export the collected data into Excel or a similar format.
4. Provides options for scheduling regular updates to keep the data current.

If anyone has experience with such tools or can recommend any specific software, your insights would be greatly appreciated. Thank you in advance for your help!

Farha

Hello BiggerPockets Community,

I am a new investor looking to start my real estate journey in the DC metro area. I would like to express my gratitude to Jack and Russel, who have been gracious with their time and provided valuable guidance related to the DC Metro area.

My Strategy:

- Invest in rental properties below $400K with a Cash on Cash return of over 6% and an ROI of 7%

- Consider flipping opportunities for properties costing more than $500K with an ROI of 7% or higher

- Prefer to stay in the DC metro area but i understand that its a tough market for investors. However, open to invest with others outside of the DC metro area as long as they have a skin in the game ( Just following Brandon Turnner's advice)  :)

What I Have Done:

1. Created an LLC

2. Secured personal and family funds

3. Read "The Book on Rental Property Investing" by Brandon Turner

4. Engaged a real estate agent and visited five properties, with plans to submit an offer on one today

5. Actively reading blogs on BP. Thanks to many of you that motivated me to start this journey. 

What I Need from the BP Community:

1.I understand the importance of surrounding myself with successful individuals in the real estate industry. I would  appreciate if the community can recommend forums, meetup groups, or gatherings in the DC Metro area that will help me connect with like-minded investors

2. Opportunities to invest with others, preferably with partners who have skin in the game and are investing in the same properties

 I am eager to learn from the experiences of others and contribute to this vibrant community. Thank you in advance for your support and guidance. I look forward to engaging with you all and making the most of this exciting journey.

Best regards,

Farhan

Jack, Thank you for your detailed and informative response. Your insights on the Eastern Shore of Maryland and the potential opportunities in Western Maryland and Southern Pennsylvania are much appreciated. It's helpful to know that you've had success in the Eastern Shore market and that you're actively exploring other areas as well.

Given your experience and knowledge of these markets, I'm curious about your investment approach. Do you typically invest solo, or do you partner with other investors? If you do collaborate with investors, I would be interested in learning more about your investment model and the specific mechanics of how you structure those partnerships.

As a new investor, I am open to exploring investment opportunities and potentially partnering with experienced professionals like yourself. If you are open to discussing the possibility of working together, I would welcome the chance to learn more about your approach and see if there might be a good fit.

If you prefer not to take on investment partners or if your current model doesn't align with my goals, I completely understand. In that case, I would greatly appreciate any recommendations you might have for other experienced investors in the markets you mentioned who may be open to collaborating with a newcomer.

Gentlemen, I greatly appreciate your candid and insightful responses to my post. Your input has reinforced my own observations of the DC metro market over the past three months. I've noticed that the margins for both cash flow and rehab projects are indeed razor-thin, with Cash on Cash Returns often falling below 5 percent and ROI not being particularly attractive either.

Given the challenges in the DC market, I'm open to exploring investment opportunities in other areas. If you have any suggestions for markets that show promise for new investors, I would be grateful for your recommendations. I understand that investing outside of my local area may require partnering with someone on the ground who has experience and knowledge of the specific market.

Once again, thank you both for sharing your valuable perspectives and advice. I look forward to continuing to learn from the BiggerPockets community as I navigate my real estate investing journey.

Hello BiggerPockets community,

I'm a new investor ready to enter the real estate market in the DC metro area, with a focus on Northern Virginia. My strategy is to invest in rental properties for cash flow and consider flipping opportunities when appropriate.

As a beginner, I'm seeking guidance from experienced investors who can help me navigate the landscape and avoid common mistakes. I am open to the possibility of investing with someone that understands the market and has been in this business already.  I would greatly appreciate any recommendations for essential resources, such as websites, books, or forums, that have been invaluable to your own real estate investing journey.

Furthermore, if you have referrals for trusted professionals in the DC metro area, such as contractors or property managers, I would be immensely grateful.

If you're an experienced investor in this region and open to collaborating with an enthusiastic newcomer, I would love to connect and explore potential partnerships.

Thank you for your support and advice. I'm excited to learn from and contribute to this remarkable community.