All Forum Posts by: Khyati Zala

I'm a nurse practitioner looking to expand my horizons into real estate. I'm really interested in wholesaling and am looking for a mentor to help me get started. Any info would be greatly appreciated.

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Quote from @James Carlson:

@Khyati Zala

Congrats on what will be a big step. My wife and I are closing on a property in Puerto Vallarta, Mexico in a few months. If you'd asked me five years ago if I'd ever own anything outside the continental U.S., I would have said, "No way." But the process wasn't actually that tough.

A few thoughts, none of them groundbreaking:

-- Find a real estate agent you like in PR. This will be the source of your best guidance.

-- Buy AirDNA access to Airbnb/STR data for Puerto Rico. This will give you some good eagle-eye insight into the market.

-- Also, just peruse around Airbnb's site looking at listings, seeing what rates look like.

Our Puerto Vallarta vacation rental will do alright for us, but we bought it with two goals in mind -- 1. investment and 2. personal use -- and I'd say the latter was an even bigger consideration for us. This site is great, but sometimes the emphasis on cash flow, cap rates, cash-on-cash misses the point that there are other goals with real estate than purely squeezing the most money out of it.

Good luck!

Hi James,

Thank you so much for the guidance. I really feel like I'm going in blind. I don't have many contacts and I'm not sure how much capital I would need to get started. Your advice is super helpful. I'm going to start looking for a real estate agent and take a look at airDNA. Appreciate you!

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San Juan, Puerto Rico

I'm a nurse practitioner looking to diversify her portfolio and get into the world of real estate. I've spent years diving into podcasts, blogs, and any information I can get my hands on. I'm highly motivated and eager to get started. I'm looking for a mentor to help me get set up in my first investment property. I'm looking at multi-families in Cleveland, OH (I lived / went to school there for 3 years) as well as maybe short term rentals in Puerto Rico (I have family there). I'm experiencing information overload and I'd love to talk to someone about how to get started. Any advice is greatly appreciated. Many thanks in advance! Khyati

4 Votes

New York City, New York

I'm a nurse practitioner looking to broaden my financial horizons. I've been following BP for years and I think it's time to take a leap into investing. The New York market seems really difficult to break into since the prices here are outrageous. I do have many ties in Puerto Rico and ultimately would like to move down there. I know the short term rental market is hot and am wondering what's the best way to start out. Any advice is greatly appreciated.

3 Votes

San Juan, Puerto Rico

Hi Nicholas! That's a good point. I'll look into NJ or CT. I'm wondering if the prices will just as high?

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Hi everyone! I've been listening to BiggerPockets podcast for a couple of years now and I still don't know how to get started in NYC's market. I'm a new grad nurse practitioner with no savings. Multifamily properties here are $800,000+. I'm flustered as to how to realistically get started here (I'm born and raised NYC). Any tips or guidance would be helpful! Thank you in advance! :)

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All Forum Posts by: Khyati Zala

Khyati Zala has started 4 posts and replied 6 times.

Post: Looking for a wholesaling mentor

Post: New to Investing. Looking for guidance

Post: Looking for a mentor

Post: New to Investing. Looking for guidance

Post: Buying First Multifamily in NYC (Newbie)

Post: Buying First Multifamily in NYC (Newbie)