All Forum Posts by: Nadeem Alamgir

@Chris Cox that's awesome! I love hearing new investor execution posts like this. Getting the system/team in place will be key once you start to scale with STR in your market. Once you build it correctly, you can offer it to other investors as a service. Wishing you all the success!

Hey Romeo, I would build up some cash flow and try to find some partners in your network that have the funds to get started in RE but are hesitant since they never purchased anything yet. You can leverage the first deal you bought and your experience so far, which is a lot compared to someone starting.

I would stick with the traditional route of investing in RE. To this day, I still haven't seen someone in my network successfully executing the creative financing options. It just makes it much harder to find really good deals.

Hey Grace I may be able to point you in the right direction for DSCR lenders and some solid property managers in Ohio. Feel free to DM me and I can intro you over.

Hey @Aaron Price, I think the best way you can get started in real estate is to reach out to local investor-friendly agents in your market. Even if these relationships don't go anywhere, you'll get a lot from just having a couple of calls.

Next I would try to find some local investment groups/communities and try to chat with as many investors as you can to get an idea how other's started out in your market. Best of luck! 

Best of luck in your new real estate investment journey!

@Chris Clarkson

Hey Sejin you're gaining real knowledge as we speak. I would review your process with how these investments are going so far and figure out what's working and what's not. You should try to get feedback from mentors that are ahead of you in your niche. As you gather all this information, I would continue bettering the process and continuing to buy deals. You did the hardest part so far which is start.

Hey Martin, 

If you're interested in getting started, you should try to find a career in real estate. Wholesaling, real estat agent, PM, etc. The best way to connect and learn is to be in rooms where it's going down.

In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry. Once the time is right, with enough research, I would jump into a market (hopefully local if affordable) and get started.

What markets are you wholesaling in? 

I agree with what Sofia said. It's a market that fits a lot of out state buyer's buy box due to the price-to-rent ratio, but investing out of state is not easy. I found investors to do well when they already have experience in their local market. (I know everyone doesn't have that opportunity.)

Another factor is the type of deals you're looking for. If you're looking to do value-added deals out of state, you're decreasing the chances of having a successful experience. I think new investors heavily overlook the skill component needed to successfully pull off a renovation to then rent out properly.

 That's awesome that you self sourced and found it, thank you for sharing and best of luck!