All Forum Posts by: Shamit S.

 Hi Gil A.,

Thanks for the tip, I'll keep that in mind, thanks!

Cheers!

 Hi @Mahmoud Y. Elhalawany

Thanks for your post and letting me know of what you do in Guilford County/Greensboro area, I shall definitely be touch if I decide to invest there, thanks again!

Cheers!

 Hi @Joseph Villalobos,

My impression is that Huntsville, AL is a very up and coming city with good job growth and its population on track to surpass Birmingham metro area population numbers in the next decade or so.

Cheers!

Hi @Ned Carey, thank you for the welcome note, much appreciated.

Well, all I've done thus far are "armchair-analysis" (which may or may not be valid), but my impression is there may be better deals to be found out of state. Things that I've looked for are a) past 10-year population growth, 2) projected 10-year population growth, 3) general/median/average price level of 3/2 SFH units, 4) estimated rent (in comparison #3), 5) average age of structures (thinking that newer = less long term maintenance) 6) property taxes 7) job growth etc, all of which I've found to be more favorable in some southern states and towns.

Of course, finding properties within 90 min drive of NoVA would be great and preferable, likely I've not spend sufficient time looking in the area. If you could provide some pointers on where and what to look for or next steps to get closer to finding great investments I'd be very grateful, I'm very willing to learn. I read your posts whenever I encounter them here on BP and respect your opinions, thank you for your great contributions here.

Cheers!

Hi @Tracey Callison
Thank you, much appreciated. Will definitely let you know if I decide to look closer at Durham, NC. Also, let us know how your first investment goes.

Thanks again!

Cheers!

My name is Shamit, live in Arlington, Virginia, and I've been lurking around the forums for past couple of years, listening to podcasts, reading books, attending local REIA meeting, and now finally getting my stars aligned to take my first plunge into real estate investing.

First of all, a great thank you to @Joshua Dorkin and @Brandon Turner for creating this great site and to all BP contributors for sharing your thoughts and opinions. A shout out to @David Greene and @J Scott whose books 'Long-Distance Real Estate Investing', 'Buy, Rehab, Rent, Refinance, Repeat' and 'The Book on Estimating Rehab Cost' are the best real estate books I've read thus far.

My goal is to acquire enough properties to generate a stable income, sufficient to support myself and my family in about 10 years or so. For now, I have a stable job in the IT industry outside DC which I enjoy and is keeping me busy, so I'm not in need of immediate supplementary income. Primary focus is single family or small multifamily units for long term buy/hold and wealth accumulation.

I studied business and economics in college, so I have love for numbers, but can sometimes lead to over-analysis, indecision and analysis-paralysis. I'm trying to break free from the latter and got a good boost in motivation by attending Rod Khleif's boot-camp in Baltimore last weekend. Although large multifamily is out of my scope, as the boot-camp was held only an hour away from my place, I just could not pass on the opportunity to attend.

I'll likely be looking out of state for investment opportunities, at this preliminary stage I'm looking into North Carolina (Greensboro, Durham), South Carolina (Greenville, Spartanburg) and Alabama (Huntsville, Birmingham).

Hope to connect with fellow investors, both nearby where I live and in the areas where decide to invest.

Cheers!