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All Forum Posts by: Ramez Qubain

Ramez Qubain has started 11 posts and replied 44 times.

Post: New from Raleigh, NC

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13

Hi @Emily Rose,

How are things going so fare, i hope all is well. have you started investing? have you had the chance to attend any REIA meetings?

cheers,

Ramsey

Post: Trying to Build My Network - Need a General Contractor :) (Raleigh Area)

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13

I just came across on BP a GC named @art Allen . Look him up on BO

Originally posted by @Joe Villeneuve:

@Gina Dovel I think you're heading in the right direction, but you're thinking old school and placing limits on your cash power this way. Your goal of using the cash flow to pay your new mortgage on you residence is a good idea, but it should be accomplished as part of the plan...not the main goal.  Here is what I would suggest:

1 - Focus on repeated use of this $150k, not just a one time use (as you suggested for paying down your primary).
2 - Use the funds to buy a series of cash flow properties.  You will refinance each of them, using the funds from the refi to buy the next one.
3 - Repeat.  This way, that $150k should have an unlimited lifespan.

I can give you a current example here using the market I know here in SE Michigan.

Rental Profile:  3 Bed/1.5 Bath; 100 sf ranch:  Bank Property
CF (w/PM & refi) = $325/month;     Cost all cash = $ 50,000 (w/rehab);      ARV = $72,000

Steps - 
1 - Buy/Rehab property
2 - Place tenant & refi within 2 months at 70% ARV = $ 50,400 (fees are less than $400)
3 - Use refi cash to repeat on next house, and so on and so on, and so on, and...
4 - Each repeated use of funds (the same funds) = a rental left behind @ $400/month
5 - With $150k, you could be doing this 3 at a time, so your $150k could be = $1500/month per use.
6 - 3 uses per year generates $4500/month/year, and...
7 - You keep going.
8 - Another great part is if you look closely, you are never actually spending your $150k since you keep getting it back after every refi.  Refi the last 3 houses, get it all back, never having spent it.

 Joe, isn't there a limit to how much the bank is willing to refinance?

Post: Knock down cabinets Raleigh

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13
Originally posted by @Michael H.:

@Ramez Qubain I've just recently heard of these and want to check them out. From what I understand, they are real wood and are priced like press.

Michael. Most European companies use particle board for their kitchen cabinet box compared plywood which is mostly used by American companies. The particleboard is cheaper, more eco friendly and is more stable (doesn't warp or bend) than plywood.

As for the knock down compared to pre-assembled, the difference mostly is in the cost. Pre assembly is more expensive; because there is more labor cost, packaging and shipping cost. Having said that pre assembled cabinets are also better quality, because they are glued and pressed using precise squaring machines resulting in a more squared cabinet and a bit more rigid. Furthermore, the drawer units are more precise because they are assembled by professionals.

In conclusion, there isn't a real quality difference between knock down or pre assembled but you have to take into account the do it yourself assembly and whether you have the time and patience to do it.

You also have to keep in mind the final installation of the kitchen, that is hanging the cabinets, installing the appliances, countertops and all other fixtures

Post: Knock down cabinets Raleigh

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13

may I ask why are you looking for knock down vs assembled?

Post: Ideas for newbies to jump start real estate investing.

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13

@haward manning

I too am interested. I am currently overseas but am seeking to invest in Raleigh. 

I experienced it yesterday on my iPhone 6. I tried it again today and everything is working well both on the iPhone and the iPad. 

Hey Josh, even using the browser on a mobile is inconvenient, for every time I click on a link it opens a new window browser and requires me to login again.

Post: REITS vs Direct Real Estate Investing

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13

Dear Bigger Pockets Members,

Assuming one has a sizable amount of money (500K to $1mil) to invest in real estate; and one of the investment options is to buy rental properties,so basically that person becomes a landlord. My question is why should that person go through the learning process and make costly mistakes or pitfalls and maybe lose some of his capital to become an efficient landlord, while on the other hand that investor could invest his money in REITS (Real Estate Investment Trust).

To me the obvious advantages of REITS is that investors can economically and efficiently obtain exposure to real estate in publicly traded, liquid, transparent, daily valued, regulated, and audited securities.

While the obvious disadvantages of directly buying rental is that individual real estate properties meet none of the usual tests for market efficiency: Each parcel is unique, transaction costs are very large, sales occur only occasionally, and market knowledge is often local and restricted, making this an insider’s market. Most transactions are private, so detailed knowledge of rent rolls, replacement costs, deferred maintenance, and other critical data is not widely known. Liquidity can be nonexistent, and the smallest possible purchase unit can be above the means of many investors.

I would like to hear the other side of the argument and maybe convince me to do it myself.

thanks,

Post: One million dollars in cash to invest in flipping houses

Ramez QubainPosted
  • Rental Property Investor
  • Raleigh, NC
  • Posts 45
  • Votes 13
Originally posted by @J Scott:

As for 10-12% return, that should be easy. I'm not soliciting here in any way, shape or form, but to give you an idea, I pay 10-12% to my investors for their completely passive investments. Assuming you're willing to do some work, you can probably make a good bit more than that -- considering a big higher risk loans, notes, commercial leasing, etc.

J What do you mean by "higher risk loans, notes, commercial leasing, etc."? did you mean as an investor buying these items or as someone giving loans for those items? Which brings me to my next question, when should someone consider flipping commercial vs SFH?

thanks,