All Forum Posts by: Kashif Khan

@Kashif Khan Use the funds to be an equity partner on a small land development project.

Personally I would look to BRRRR single family properties in the midwest. Find something for 50-100 that needs work, put 20-50 into it and refinance. Cash flow will be tight at current rates but you can keep reusing the 500k over and over and if it is too tight on cash flow or negative cash flow very easy to sell a renovated single family still.

I am hosting a local meetup in Joliet at La Mex tonight at 630 if you would like to network with other investors and start building your team. The first event is free for all attendees. An attorney will be talking about the changes to the emotional support animal laws in Illinois which may be useful info for you - but the networking is where you will probably get the most value right now. People who attend my meetup have a wide range of experience, some of them full-time investors for multiple decades.

Connect with all the local meetups in Chicagoland. There is no right or wrong way. The most important trait is action. Remember the proverb "When is the best time to plant a tree" and make that your NorthStar. You will never know enough or be totally ready. BUT almost everyone who stays in the game long enough will move to multfamily for many reasons. My suggestion is start there either through syndication or if active.... start small and grow exponentially. ie start with a 4plex and if you add a new asset every 90 days you will do 4/5 deals in a year and own 124 units. Stay as close to home as possible and self manage the first couple deals if you can. But you are in a great area to invest.

@Kashif Khan Welcome to the world of real estate investing!  As you look through the forums and online, you will find that there are countless ways to invest in real estate or to shape a deal.   Because that can be overwhelming at times, I think the best way to succeed is to surround yourself with your own "team".  This team could include a mentor, a mortgage broker, a real estate agent, a contractor, and a property manager.  Together, in consultation with your team, you will find a confident path forward for a successful journey investing in real estate.

Feel free to reach out to me if I can be of any further help.  Here in Ottawa, IL, we have all kinds of opportunities to invest in real estate, including new construction properties.

Kashif,

Congrats on your decision to consider Real Estate as an investment. Some good inputs here. I own and operate multifamily throughout Batavia, Aurora and Montgomery. This is hands-on active investing from over the last 15yrs. I also invest passively outside our market into AZ,TX, and the Midwest via Syndication.

Through Syndication you can leverage the expertise of others to provide excellent returns in the 10% range. This is passive investing as a Limited Partner in real estate.

We can see experience in Assets Under Management (AUM) or the number of full-cycle transactions (acquisition to exit) showcasing operational expertise and the outcome in ROI to investors.

Operational expertise in passive real estate investing is the ability of the operator to acquire the asset and execute the plan and increase the value of an asset through strategic execution. The approach generally includes fixing the expenses (cash going out) and improving the rents (cash coming in).

I see you are local- glad to share experiences, resources and connections.

Regards,

Joe

Hi Kashif, you should take a look at the midwest, in particular Columbus Ohio! I personally love Columbus Ohio and as someone who works with a lot of out of state investors - there's so many catalysts for why you should invest here. Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy). I really see Columbus Ohio as an extremely safe bet for the next 10-20 years. Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio. Just a few weeks ago, I helped a client close on a deal getting them 20% cash on cash return. As a local investor and agent here in Columbus, let me know if you have any questions or want to connect!

@Kashif Khan, if you have any interest in rent-by-the-room investments in Atlanta, I'd be more than happy to connect and share my insight behind this unorthodox investment strategy. This asset class can provide high-yield cash flow, however, you do assume more risk. Feel free to shoot me a text or email to connect (contact info is listed in my bio).