All Forum Posts by: Noah Dexter Leslie

Quote from @Joia B.:

Hi Noah, welcome to BP! That is an amazing goal to have. I wish I thought like that at your age! House hacking is definitely a great option, unless you're investing in a different area than you live. If you can't find any good multifamily properties I would definitely look at single family properties and rent out rooms while you live there. If you'd like some help I can get you connected with an agent in Memphis 

I would definitely like to get connected.

Quote from @Chris Springer:

@Noah Dexter Leslie A safe bet would be to start with a SFH househack, where you rent out rooms, or buy a multi unit and rent out out the other unit(s). This offers the best financing as your primary residence, lowest down payment, and lower risk - because at least you are primarily putting a roof over your head. If you have housing expenses right now, you can aim to get a property you can househack, where you break even or decrease your monthly housing expenses. For example, if you pay $1000 a month now, and a mortgage payment is $1500, but you can rent a room for $500... you now own an asset with principle pay down, and appreciation (which can later be leveraged), at the same cost of living.

I’ve have definitely heard of this and I don’t own rent anything rn but my issue right now is I can’t find any multi family properties in good neighbor hoods. I also haven’t talked to any agents where I’m looking to invest (Memphis, Tn) so I haven’t found anything Yet but it my next actionable step. 

So, being financially free in 5 years has been in my head for awhile. I’m 21 and being 26 and able to quit doing HVAC full time and have rentals and so much more freedom sounds amazing and it’s what fuels me. 
I have a 5 year blue print written out for a goal of $5,000/m in cash flow by the time I’m 26. I tried a few different ways of getting this, Ex. Accumulating $1,000/m in cash flow for 5 years is an obvious way. 

My definite chief aim is $5,000 a month in cash flow in 5 years. I want to invest in SFR. It’s what I’m sticking with unless I find a greater formula. It’s my #1 goal. And I’m putting it out there to be known.

I don’t have any deals and very few relationships with any investors, agents, lenders. I have tried a little bit of wholesaling with Bryant brislin I met here on biggerpockets. (One of the coolest people I’ve met) but I felt like it wasn’t for me.

I have been learning about RE investing for a while but haven’t really made any moves mostly out of fear of borrowing huge sums of money and taking loans. I’ve been analyzing deals from my local area on Zillow  everyday and learning the lingo and how to adjust numbers to get the purchase parameters I want. I go to a investors group once a month but I haven’t had made any connections (given I don’t really talk at all when I’m there but have meet some cool people) 

I know what I want and I understand I still have to develop skills, habits, and relationships to get me where I want to be, but that’s what I’m here for. Thank you

Haven’t got my first deal, but I’ve been watching and learning every chance I can, I work full time but I have huge plans for 2022. I’m 21 and don’t have a lot of responsibilities. I’m hoping to network with everyone and learn from people with experience. My biggest issue is getting deals and trying to find deals. I don’t have a structure for finding leads beside D4D and PropStream.

I'm in North Mississippi, I've been looking into real estate for about a year and a half but just recently decided to really focus in Wholesale Real Estate. I'm still learning more about running comps and determine ARV. I haven't made any phone calls but I've been driving for dollars and got some addresses and numbers. I'm just not sure how the closing works and was wondering if I can get some tips about contracts and investor friendly title/escrow companies in Mississippi and things that should be added in a contact that isn't already mentioned. I plan on getting my first deal by March 2022. Thank you

I’ve been practicing on the rental calculator and I’m not quite sure what exactly to put on the management fees. I’m looking in the olive branch MS area.

There are terms and acronyms, even though I’ve read 50 times, I can’t completely understand. What are some terms that you think are most important for someone to understand in Real Estate?

@Jason Arms I could definitely use some coaching, can you tell me more ab the weekly commitment

@Duncan Hayes thank you and time management is something a really got work on

@Eric Janson There’s actually a Real estate group in Memphis I found. I’m going to check it out