All Forum Posts by: Nadeem Alamgir

Hey Keith welcome to BP, this is the place to be. Are you only looking in MA area for your first rental cash flow property? 

Hey Justin,

1. Check your lease first to see what was agreed upon. You’re not crazy for wanting a more secure payment method like a cashier’s check, Zelle, or Venmo, it’s totally fine to ask. But if the tenants have been paying a certain way consistently, it might be easier to stick with that. Just be sure to document everything and provide a receipt if needed.

2. The best way to collect rent depends on what works best for both you and your tenants. Zelle, Venmo, or direct bank transfers are great for small landlords since they’re free and easy to use.

3. For just 1 unit, you don’t really need property management software, but it can help keep things organized. If you’re trying to keep costs down, a lease agreement and a spreadsheet should do the trick for now.

Best of luck! 

Hey Thomas, deal breakers really depend on your strategy and experience, but some major red flags to watch for are foundation issues, structural damage, water intrusion, and title or zoning problems. These can get expensive fast and might hurt the property's long term value. 

Welcome to BP Patti, this is the right place to be if you're looking to connect with other like minded individuals in RE investing. Best of luck in your journey. 

Hey Johnny welcome and congrats on your three rental properties in North Carolina. Curious what type of deal's you're looking for in these markets? 

Hey Christian since it’s your first deal, start by networking with investor friendly agents, wholesalers, and looking into off market opportunities. Your construction and rehab background gives you a huge advantage, but the key now is finding the right deals and securing financing. Make sure to run the numbers carefully and focus on after repair value, purchase price, and rehab costs to ensure a solid profit margin. With your skills, once you lock in a good deal, execution should be smooth. 

Hey Lewk with your hands on renovation skills, you already have a huge advantage for flipping and managing rehabs. The next step is learning how to analyze deals, secure financing, and develop a solid investing strategy. Connecting with experienced investors, attending local meetups, and using free resources like BiggerPockets can help you get there. There are plenty of online resources and BP videos on deal analysis and financing, which are great starting points. You might also want to find an investor friendly agent in your market who can help you break in and spot good opportunities.

Hey Jocelyn It's normal to feel nervous starting out. Connecting with local investors, investor friendly agents, and contractors can help you navigate the Boston market more confidently. For financing, options like hard money loans, private lenders, or a HELOC/cash-out refi could help fund your first flip while keeping your current home. Best of luck in your journey!

Welcome to the BP forums @Tia Rawe! 

Those are advantageous skills in this market, best of luck in your journey. 

Open Letter Marketing for mailers, Propstrem for finding multi family data.