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All Forum Posts by: Nedo Gadban

Nedo Gadban has started 2 posts and replied 4 times.

@Michael Le @Tony Castronovo and @Michael Dang thank you for the advice and words of wisdom. I will be at the event tomorrow AM so if you're there let me know so I can say hello in person. Michael D., I will also attempt to your event in the coming weeks.

Thank You Gentleman

Hello fellow Houston BiggerPockets members!

My name is Nidal, and I am a Houston, Texas, resident who is new to the Bigger Pockets forum but not to the community. I have committed to closing a deal no later than July 4th of this year and would like to connect with and bounce some ideas with fellow Houstonians who are in the market and investing in small or large multifamily properties before closing on one of the properties I have been considering.

If this is you, let's meet for coffee or a bite to eat (I know some of the the best spots in town!) and talk about some of the different submarkets here that work, what numbers you target in your property and your perspective on the different ends of the spectrum of rental properties (buying low for high cash flow, buying high for wealth creation via higher appreciation, but consequently lesser cashflow) etc.

In return, my profession is in Project Management so if you have ever been interested in learning more about how you can streamline any project (real estate included), deliver more efficiently and help save costs, I would be happy to share that knowledge.

If interested, either drop a reply here or shoot me a message. Thank you, and I'm looking forward to meeting soon!

Originally posted by @Mark Sewell:

Massive respect for taking action.  Now don't let that sense of urgency cloud your judgement when selecting your first project.  Remember, you make (or lose) your money when you buy, and in our market, it is hard to find a sane deal.

I have completed exactly one flip, and really even that one is still not closed (pending under contract, keeping fingers crossed nothing gets fouled up with the buyers financing).  The flip painful, lots of surprises, some dodgy contractors, and a lot of lessons learned.  Lost a big chuck of change, for me at least, but still managed to sell it for more than I had originally hoped to -- so there were some positives.

But I am in no position to offer advice to anybody here.  Just please get a second set of eyes and rely on data, not emotion, when you do that first one.  It won't go as planned, but as a professional project manager, I am guessing you already knew that.  : )

Will be glad to connect and have a cup of coffee with you, but I'm still too new to be of much value (at this stage).  If I can help I will.

@Mark Sewell, all the respect to you in taking those steps on your first flip and thank you for your kind words. I would definitely love to hear about your experience and know more about your lessons learned. 

I’m crossing my fingers that your close goes well! There are so many factors that go into a RE deal from initiation to close, and to come out ahead and positive is huge, especially in your first iteration as things will only continue to get smoother/better for you.

If by any chance you're attending @chris bounds ā€˜ REIA meeting tonight in Fort Bend, come say hi šŸ‘‹. If not, I'll message you so we can sync soon

Hello Bigger Pockets Community!

My name is Nidal Gadban, and I am a Houston, Texas resident who is new to the Bigger Pockets forum as a member, but not to the community. I am an impassioned investor who is committed to closing a deal no later than July 4th of this year in the either the greater Houston, Texas (my local residence) or Kansas City, Missouri (long distance) areas. Specifically, I am looking for buy and hold rental properties, preferably multi-family that are either slightly distressed or need a little updating in which value can be built through forced appreciation. 

Getting to this point has been a 5 year journey for me. I have always known that I wanted to do real estate, but was not sure how to break in. To start, I took Kiyosaki's advice in blazing a path in your professional career that could teach you the skill set that would help you follow your dreams. This led me to put my full effort in growing my career and landing a project manager position. All the while, I have lived in a fiscally responsible way and well under my means in order to save to make this dream a reality. After becoming a project manager, I was bouncing back and forth between learning more about real estate on and off while also becoming the best project manager I could be. I worked to land the major certifications and in the process to improve my craft, all with the end goal of using these skills to be an effective real estate investor.

Fast forward to this February, I became fed up with putting real estate on the back burner as I felt like I had accomplished everything that I wanted to in my professional career and it was time to put the full effort into my true passion, real estate investing. I spoke with one of my closest friends who is a developer here in Houston, and I ended up making a bet with him that I would close on a property no later than July 4th of this year or I would owe him a significant chunk of change :)

To say this lit a fire under me is putting it lightly. Ever since then I have completely immersed myself in a methodical approach to take the steps necessary in buying that first property. I have read Brandon's book on real estate investing, J Scott's book on estimating rehab costs, and have begun on David Greene's long distance real estate investing book. I listen to the podcasts on a daily basis, poured into reading numerous BP articles, watched Webinars, and joined the local Houston REIA to meet with other Houston investors every few weeks.

I would love to connect with, bounce ideas and ultimately learn from other Houston or Kansas City investors who own single family or small and large multifamily rental properties (Let's meet for a coffee or a bite to eat). I would also love to give back to the community that has given me so much. I have a strong background in project management and personal finance so if you would like to learn more about planning and implementing detailed methodologies that can help streamline your real estate projects or the application of personal finance principles to help you reach your financial goals, please let me know.

Lastly, I want to give a shout out to Joshua Dorkin and Brandon Turner for putting together such an amazing community that allows of this to happen. Thank you guys and the rest of the BP team for all that you do.

Sincerely,
-Nidal Gadban