All Forum Posts by: Peter Shafik

@Roemeo Barnette For sure! I just put that in my checklist when looking for properties. Thanks so much, and best of luck to you as well!

@Luke Carl That's pretty insane. I did not know that. I will definitely check Loopnet! A long way to go only means more adventure. I look forward to focusing on the process more than anything. Your encouragement means a lot! Thanks, Lucas.

 Whenever I look up multifamily properties in realtor.com, I see big houses that have 6-10 bed rooms, however; they are all under one roof. I imagined a multifamily to be a larger lot with 2-3 separate roofs each with 1-4 beds. Am I missing something? haha

@Luke Carl That is solid advise. I usually read 30 min of an REI book everyday, but I feel like I can ramp it up. Thanks for telling me because it prevents me from stepping in too early and making a mess.

@Steve Frye Thank you so much, Steve. You are a boss!

Hi all. As I'm entering this amazingly sophisticated, yet simple journey of REI, the best strategy I've come up with my lender is the following: refinance my parent's primary home (will get about 100k back), fix it up with some of the refi money (rough estimate of about 30k, but I've never rehabbed before so its a really rough estimate), Rent out the primary SFR, use the rest on a downpayment for another home that I would like to BRRRR and place my family (we are 4) in a multifamily house with separate units (with one other family member in another unit).

Of course, as we live there we will rent out the other units. Assuming I pick the right location, and run all the numbers correctly will this still work? I also can't seem to find a single property in Nashville whose multifamily has separate units. If I can't find separate units, what's the best course of action to take? Thanks in advance.

I would obviously invest in real estate because it is among the most secure investments in the world as people never stop living in houses. I would first invest in myself by buying and reading a lot of books, then go to a lot of meet ups which will increase your network. network = net worth. 

You can easily put money into a syndication and let the profits flow to you passively, but they say its best to know what you're investing in (legally they can't let you in on the deal if you don't understand it fully). I would probably get a fundrise account and invest there with accredited or non-accredited investors. Just be sure to do your homework so you can mitigate the risk because everything is risky! Hope this helps. :) 

Never give up bro! You got this!

I'm just a beginner, learning to run numbers on properties. I have done drive for dollars as I worked for Ubereats, and that seemed to be very helpful as I have found several mulifamily and single family homes that could potentially generate good deals. 

Just missed it. I didn't see this message in time. That's on me. Next time for sure. Thank you for the notice! @Dan Beaulieu