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All Forum Posts by: Nick Shri

Nick Shri has started 31 posts and replied 215 times.

Post: BRRRR course question

Nick Shri
Pro Member
Posted
  • Rental Property Investor
  • Virginia
  • Posts 217
  • Votes 132

Find a mentor, offer to partner up with your $7K, and dive in. Trust yourself, be open to mistakes (of course don't make one deliberately) and learn from them, you will learn way more than any Guru can teach you theoretically.

Post: Funding strategies for new investor

Nick Shri
Pro Member
Posted
  • Rental Property Investor
  • Virginia
  • Posts 217
  • Votes 132

Thank you Chris. Any pointers on how to obtain unsecured business loc?

Post: Funding strategies for new investor

Nick Shri
Pro Member
Posted
  • Rental Property Investor
  • Virginia
  • Posts 217
  • Votes 132

Hello all,

I am a newbie learning as much as I can about real estate investing. I have understood the BRRRR method. My question is, what are funding strategies that some of you have used to start off? Have you gone the HM lending route, put in your cash, leveraged Heloc from primary? I had like to hear some success cases.

TIA

Post: Newbie Investor in NoVA

Nick Shri
Pro Member
Posted
  • Rental Property Investor
  • Virginia
  • Posts 217
  • Votes 132

Hello all.

First of all - I am a new investor in real estate, looking for my first deal. What are some resources to connect with like minded people? I would love to connect with folks investing in townhomes in NoVA.

Thanks!

Post: Northern Virginia, Buy/Hold/Rent

Nick Shri
Pro Member
Posted
  • Rental Property Investor
  • Virginia
  • Posts 217
  • Votes 132

I read quite a few posts on BP for Buy/Hold/Rent in NoVA. Unfortunately most of these posts are a year or two old (I feel that's old and maybe not-so relevant information, given we are this new Covid economy for almost 8+ mos now). We bought a single family in 2019, rented my condo (in Fairfax) for a year (just sold in October 2020). I unfortunately didn't have enough cushion to weather the non-paying tenant for too long, and apparently I learned it was a challenge to rent out the condo compared to a townhome. My observation in townhome rental market over past year has led me to believe that is easier to rent townhomes in NoVA then any other type of property. I was able to take the equity from sold condo and reduce my mortgage on my SF.

Now, I am looking to refi my SF in beginning of 2021, get a Heloc and invest in a townhome in FFX, PW or Loudoun counties. Any recommendations on how to look for deals? (MLS isn't going to help me, I am open for a bit of rehab [not a total fix/up]). Looking to make some good connections in this market.