All Forum Posts by: Omar Khan

@Joseph Gozlan Thanks for arranging this. Looking forward to attending. 

@David Elefant Thanks! This is a great recommendation and I will be checking it out. 

@Jason Hirko You have an interesting profile esp since you deal in the local market. I would love to get your thoughts/opinions about the DFW market. Any chance we can chat?

Kevin Dam Welcome to BP. You'll find great resources here plus an excellent community of like minded folk. Elijah Vo Think Multifamily sounds interesting. We're looking to acquire MF units around the DFW market (east of Dallas, all the way up to Terrell). Would appreciate getting your thoughts.

Calvin Brown Welcome to BP. Great to see local representation!

@Dave Visaya Thanks for the welcome. 

Wanted to know if you could recommend any books on tax strategies for RE investors? 

We moved to the Dallas/Fort Worth (DFW) area last year (2016). Texas seemed like a nice compromise between Syracuse (wife - upstate NY) and Calgary (me - Canada) and we’ve never looked back. It’s astounding what a year of no snow and super pleasant winters can do to your mind :)

My background is in corporate finance – complex financial modeling, valuation and strategic planning i.e. good at all things analytical and do that for a living.

Over the years, my family has owned commercial and non-commercial real estate in 3 countries. Hence, growing up, I had indirect exposure to real estate and have seen the good (and bad) that come with owning real estate.

Having no direct exposure, I am looking to network and better understand how contracting, repairs and maintenance work gets done. Essentially, how to find a good contractor, how to negotiate with them, understand what to do and what to avoid. I know this comes with experience but we’re hoping to learn and avoid some pitfalls.

Current Strategy:

Using FHA-loans to acquire multi-family residential housing (3-4 units per building) east of Dallas between Mesquite and Terrell (and surrounding areas).

We’ve set a deadline of February/March 2018 to acquire our first property. Once we get going with the first property, we plan on house hacking every year for the next 4-5 years.

I wanted to thank @biggerpo and @brandonatbp for amazing podcasts, @ScottTrench for some killer introductory articles and other BP members from whom we’re learning/plan on learning (and contributing to).

Let me know how I can contribute and assist.

P.S. Hopefully, I got the shout outs correctly linked. 

Looking forward to attending.