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All Forum Posts by: Faris Yaghmour

Faris Yaghmour has started 6 posts and replied 10 times.

Post: Problems during analysis

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Thank you for your reply! I am gathering data for a academic project and would appreciate if you may ask perhaps your fellow investors from within your network to tell me their opinions? 

Post: Problems during analysis

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

I was wondering what are common problems investors face or time consuming parts of the analysis that all of you do to conclude on whether to buy a property or not? (eg. finding reliable comparables, rent rates etc)

:) 

Post: Attend Sourcing seminar?

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Hi,

There is this Sourcing seminar near me, it sounds good because its a small group  of people only and the mentor told me he will also sit with me to figure out how I can start sourcing deals since I am VERY LOST on how to start with Real Estate. Also he said he will give me the documents he himself uses to source deals.

The cost would be around $470 for a full day course. 

My issue is, is it genuinely going to add value and help me get me started? Or am I better off gathering all the information off biggerpockets, by reading and listening to the podcasts?

Thank you :) 

Post: Finding financing to start investing

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Hello- 

I reside in the UK, and I want to start investing in Real Estate. I have heard that the legal aspect of getting finance from private investors might be complex. 

I am thinking of either going through an online funding platform or advertising the opportunity or using crowdfunding.

Which would you advise me to start with.

Note that I am excluding taking a loan here because I am only 18 and in university, all banks said they wouldn't lend to me.

Thanks!

Post: 200 HMO's in 10 years?

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0
Originally posted by @Aaron Mazzrillo:

I know several people who have done more in less time. Write down your goal. Decide how you will go about achieving it. Then, get to work. As you go, adjust your business plan as necessary. Find a few trusted advisers. What works today may need to be tweaked in a few years. I've purchased over 100 houses just in the last few years and am on track to do 50 this year. I work about 3-4 hours a day and most of that time is spent not really working.

200 in 10 years. 20 / year. Less than 2 / month. 

Your first few months might not be on track, but your last few will probably be way ahead of your monthly acquisition goal. Buying real estate for most, seems to be a lot like a very long train trying to get moving. It takes a lot of effort to get the wheels rolling, but once that momentum hits, it doesn't take much to turn it up a notch or two. 

Good luck! (But you'll need more than luck.)

 Your comment made me want to achieve that goal even more! 

But I guess I see the logic, that cash flow is more important. It goes back to quality over quantity I guess

Post: 200 HMO's in 10 years?

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Is having a goal of owning 200 HMO's in 10 years far fetched? Or is it reasonable. Keeping in mind that I am 18 and haven't started out yet

Post: Hello from Bath, UK

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Thank you all :) 

I am getting to speed with the podcasts! Very informative! 

Post: Financing

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Hello,

My current situation - I am a student in the UK, with no money. But I want to start building my portfolio. I can't get a mortgage. 

So I was thinking of starting a LLC, and then setting up every property as an SPV and sell it to investors while holding a small equity percentage. I would fund this through a crowdfunding platform.

Once I have a significant cash flow from that. I was thinking of starting wholesaling. The main issue here is that most resources online that I find are for the US, not the UK.

Any thoughts? Or advice?

Thank You,

Faris

Post: New wholesaler! Question!!

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

I'm also a student in the UK (University of Bath) & I am looking to start wholesale. 

Post: Hello from Bath, UK

Faris YaghmourPosted
  • Bath, Avon
  • Posts 10
  • Votes 0

Hello,

My name is Faris Yaghmour, 18 years old & looking to start build my real estate portfolio in the UK. I hope to close my first deal this year! I study Accounting & Finance in the University of Finance, I am starting my 2nd year of studies. I aim to add a few properties to my portfolio before I graduate so I can depend on those as a salary (rather than a job) then give 100% of my time to building my business!

I am very keen to start networking and meeting people! 

Regards,

Faris