All Forum Posts by: Sam Khoshnavaz

Hey Nicholas,

I also live in San Diego and was considering doing the same (house hacking) but thorough an FHA loan. However, I feel like in this market, it is really hard to get a good enough ROI through SFRs in San Diego, unless you can put a lot down. However, I believe that if you can find a great deal in one of the college areas here in San Diego, you might be in good shape.

 I wish you the best in your endeavors. 

Hello BP Community.

I wanted to ask this question as I am looking to purchase my first property. I wanted to get a good understanding of the market conditions in St. Louis and wanted to ask:

where is the best place to find reliable information on market trends throughout the U.S?

Happy New Years so everyone!

Hello Biggerpockets Community,

I have decided that I would like to start my real estate investing journey by obtaining fix/flip and long-term holds outside of my local market.  Living in san Diego, the numbers along with my financial situation and goals do not line up, and so I have decided that investing back home in St. Louis where I grew up would be a better option.

I do have some connections in St. Louis. My uncle is a real estate investor in St. Louis and has been for the past 15 years.  My father is a GC alongside his best friend who is an electrician, who both alongside my uncle, have good connections for finding people to help me with the rehab of these buildings.

However, I would love to find an agent that I can work with to help me find deals and to assist me with the transaction side of the deal.  So I would like to ask the following questions:

1.  How do you find an agent from out of state?

2. What are three most important questions you ask when building a relationship with the agent?

3. How do you make sure that your interest and that of the agent are alined?

4. How long do you usually wait before you start telling your agent about the types of properties you are looking for?

5. What do you think is the most important trait for finding an investor friendly agent?

Again, I really appreciate everyones time and for making it this far in my post. I hope that everyone had a wonderful thanksgiving and a happy holidays!

Hello Nathan,

Thank you so much for taking time to answer my questions.  Your insight and story are truly inspirational.  I'm definitely going to start looking through David Green's books and to continue to educate myself.  I can't tell you how excited I got reading your reply haha. 

I will absolutely be in contact with you as I have millions of questions to ask.  

Hello BP Community!

First and Foremost, I want to thank each and every one of you for all that you guys do within this community. I can't think of a better way to distract myself from homework than to be reading on all your guy's posts and comments! 

With that being said, here is my short story:

Currently, I am a senior at San Diego State University graduating with my bachelor's in accounting in less than 2 months.  As I have gone through this whole college experience, I have come to realized that I have zero interest in accounting, and from what my friends who are in the field have shared with me, I can't see myself working in an environment like that (at least to only enrich the person above me). 

Lately, all I have been doing is searching sites like Zillow and Redfin; looking at properties and analyzing them.  I have become really good at analyzing deals and learning about my local market and my hometown market of St. Louis MO. I have also looked at other markets as well such as Birmingham, Memphis, Las Vegas, Phoenix, and Indianapolis. However, all the analyzing I do doesn't get me closer to my dream of owning multiple rental properties and being financially free.  

Financially, I can't say that I am completely ready to put 3-20% down on an investment property yet (and definitely not ready to do so in San Diego). Besides my part time job working on a golf course, my only other source of income comes from an online ecommerce site that I created 2 years ago (which generates me around $1000-2000) a month on average and a liquidation business that I have started with a friend of mine reselling returned/used Home Depot items. Overall, I'd say my monthly income before expenses is roughly $3,000.

With all that being said, here are some questions I have that I hope you guys can assist me with:

1.) What should I do to expedite my real estate investor career?

2.) I'm planning on getting my real estate license soon and practice as an agent here in San Diego: Is this a wise decision?

3.) What was the hardest thing that you had to overcome when initially getting started?

4.) What tips do you have for someone who is looking to invest in properties out of state?

5.) What makes you the most happiest as an investor?

6.) If you could start all over again knowing what you know now,  what would be the 3 top things that you would do right away?

I know this is a lengthy post and I apologize. And to those who have made it down to this part of the post, I salute you! I hope that this discussion also helps others like me who might have the same questions get some answers as well.  

Again, thank you to everyone in BP for making this such a welcoming community!

Hello Jeffrey, I would love to participate in this event! Where can I get my name on the invite list?