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All Forum Posts by: Mohamed Hersi

Mohamed Hersi has started 11 posts and replied 12 times.

I want to know if it is possible finance a real estate property without dealing with any interest rates at all. I'm a beginner at this so please bear my ignorance. Only way I can think of coming with large sums of cash is through the bank, or a lender that will charge me interest rates big time. No interest real estate financing possible? Or I'm I just naive? Thanks in advance.

Post: how to start up wholesaling

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Hi so from my understanding correct me if I am wrong is to whole sale you have to get a beat up home under contract from a seller, sell it for a higher price to a buyer and you pocket the difference.  So for example I get an ugly house under contract for $5000 but sell it for $15000 I take $10000 right? So where I'm i supposed to find these beat up properties in my area? ( Ottawa Ontario Canada) I know i'm all over the place sorry but still little confused.

Post: Real estate newbie

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Hi the name is Mohamed Hersi and I live in Ottawa and I am very new to the real estate world. This website gives me a lot of information which will be useful for my future real estate ventures. Right now since I have little capital I want to learn how to whole sale and eventually buy rental properties. My real estate goal is to become financially free with real estate. 

Post: How do I start?

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

I'm young right now so there is no rush but I want to be financially free before I turn 30 ( I am 20 now) so my time frame is good. Is there like a place I can understand wholesaling because I read many articles and most of the ones I read is not practical. I need some practical advice so I got a job should I save up for a year or do whole sale to increase capital to invest for rentals later? Please and Thank you!

Post: How do I start?

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Should I save up for a rental? Should I get into wholesaling to begin with? If so how? 

Post: What is cashflow? How do I calculate?

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Lets say the rent is 1000 per month, is that the Cashflow? If not what type of information will I need to calculate Cashflow? and please be descriptive as possible.

I tried looking online but there is so much words and I have so little experience its really confusing. If I wanted to acquire a rental property what terms will I have to understand?

Post: How to avoid interest rates in real estate?

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Is there any way I can avoid interest rates or will I have to create debt to be profitable in real estate? 

Post: How do I acquire my first rental property?

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Hey guys im a total rookie but I want to be a great real estate investor in the future, so my question is what are the general steps to acquire my first rental property like what do i need to sign, where I need to go and how much are the average rental property?

Post: So how can I start out? Im only 19 years old

Mohamed HersiPosted
  • Ottawa, Ontario
  • Posts 12
  • Votes 1

Hi guys and I am a 19 year old man still at home but I would love to start real estate investing, Where do I get started? There is so much information to process I'm really confused. Can anybody tell me the generic way to get my first property?