All Forum Posts by: Adam Abdullah

Thank all of you for the great replies!

I should mention that I was laid of as a Junior staff accountant recently, and while I don't have experience investing in real estate, I do have experience in real estate accounting for various multifamily properties which were owned by my old firm's clients. 

I don't think I would go for a RE license now although I have considered it before. I'm almost a CPA but for half a year's more experience.

Also, my dad has been notoriously bad at investing in the stock market. If it wasn't for my advice to get out of poorly performing stocks (Sirius radio and Gold ETFs) and into a great company (Gilead pharmaceuticals), He would be hopelessly negative on stock investments that he's had for years. Now at least he's about broken even, and maybe a little positive.

I don't think I would go for a RE license nowience.

And I have some good news. This morning I had breakfast with my dad and I think I've made some headway. He doesn't seem to want to sell any of his stocks at this point even though he is seriously under diversified. But he is open to doing REI with future monies. I think he trusts my advice to some extent regarding REI. He's done trades that I've recommended for about 300k in stocks. I think I'm getting closer to convincing him since this morning. And yes, I will network to try to find willing investors to work with me if my dad never does.

Hi everyone, I'm Adam and I'm new here. I'm 28 and an aspiring real estate investor. I have no personal financial resources to buy a property on my own so I'm looking first to relatives for investment money for a down payment. First ones who come to mind are my parents. My Dad is an MD and has an undisclosed amount in his retirement mutual funds in addition to 500k in stocks. I'm trying to convince him to move some money into real estate but he seems to have a negative impression of it. He's said things like, "I don't want to be a slum lord" "I like the liquidity of my stocks" "I can make a better return in stocks," "I don't like for my money to be tied up in an illiquid property," "I could make the same kind of money in a REIT or MREIT."

I would like to be able to answer his concerns and I have some idea how but I would like for some of you to help me help him and help me. Input greatly appreciated.