All Forum Posts by: Nizar Basma

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Hi All!  

I wanted to see if anyone is interested in getting some breakfast or lunch over the weekend and discussing some real estate? This is just a friendly get together to meet each other and talk about something we are all passionate about. San Jose has plenty of options for breakfast and lunch so please let me know if you're interested! 

Thank you, 

Nizar Basma

Also, not sure if I am posting this in the right area. Please let me know if i need to redirect this somewhere else!

@Kyle Mccaw Thanks for the info! I am going through their website and like how it provides a break down of neighborhood grades (A-F). Will continue to check!

@Ali Boone thanks for the article and the info! It really hits home regarding narrowing down your areas of interest. As I have done research I have noticed that the original areas i've looked at are reaching levels in which cash flow investments are harder to find. The search will continue! 

 definitely looking into it. Thanks, Ryan!

 Hi, Vince!

I guess what im trying to figure out is how you are able to narrow down your locations based on the characteristics you've stated above? What kind of resources are available to obtain the data? 

When I am looking for a property to invest in i am usually start off by looking at the following: (not in any particular order)

1. Rent/Income Ratio 

2. Types of work that are available within the region 

3. School ratings

4. Price 

The second hill to climb is to find a real estate agent and property manager that meet a good portion of your requirements. 

Thanks! 

Nizar 

Thank you, Leslie! 

Couldn't agree with you more. I started listening to the podcasts from show 1 and what i've quickly learned is that you need to start small both in investment size and investment price. In time you will build enough equity and reserves where it makes sense to move onto the next opportunity. This is mainly why i've decided to look outside of California simply because the price doesn't justify the investment for someone who is starting off. 

Thanks for your advice!

Nizar 

Thanks Jordan! Yeah from what i've seen it seems rational to look outside California for investments. That being said a property manager will need to be hired. Do you have any recommendations when looking for one? I understand that property managers wont take care of your property as good as you would yourself but what are some things you look for both positive and negative? 

Thanks again! 

Nizar  

Hi, BiggerPockets community! 

Im new to the website and have been listening to the podcasts for several weeks now. Even though I have family in the real estate industry its great to see a community like bigger pockets where people help each other out! 

My goals:

Im located in the silicon valley working finance for a tech company. As awesome as it is to work in a fast paced environment, i've always wanted the flexibility to do what i want whenever i want  (don't we all) without having to do the regular 9-5. I've always had the wish to be able to spontaneously pack up and head to the airport without having to worry about what my boss would say. Ideally im looking at price range under $200,000 to start off with.

My questions: 

• How did you start? Throughout the past couple years i've noticed first hand the prices of homes sky rocket in California. For those of you who live in a similar market, how did you get your investment career started? Did you look to other states to invest? 

• For those who invest out of state what attracted you to those areas and why? 

• Its becoming very clear that investing out of state is my best option (please prove me wrong!) but I am more worried about where i would set foot? Dallas, Austin and Houston have peaked my interest along with Atlanta  but finding the property manager as well as finding a property that will cashflow is whats causing me to hold back. 

I have so many questions but I'll leave it at that for now! I appreciate all the advice i can get and thanks for your time! 

Happy investing!