All Forum Posts by: Shareef Hood

Love the steps listed. Getting started can prove to be a challenge however I have and am continuing to educate myself. I am still clarifying my plan, and in the process meeting people along the way. Thank you for sharing your experience. It gives me more confidence and I'm excited to take action!

Hey @Account Closed that's a great story, I appreciate the specificity! Hearing that makes me even more excited to get started. I know my long-term strategy is buy & hold. I plan to house hack to get things started and so now it's just about taking the proper steps to get things underway that I'm working on. Thanks for the insight and congrats for getting under contract!

@Tyler Mutch thanks for the reply. Just to clarify, you ended up purchasing a MFH that had renters and after 8 months of collecting on those you had more reserves to fix up both units and rent them out at a higher rate?

I've been analyzing deals everyday since my post and I just want to make sure I better understand what you were saying about %% vs $$. One way it made itself clear is using the "2% rule" vs "cash flow" for instance. That rule might cause an investor to bypass a lot of properties whereas cashflow calculations get you better numbers to make investment decisions.

@Christopher Aranguren Nice! I'll keep on checking the events page. Understood on meetups, messaging you now.

Thanks for the info @Christopher Aranguren . Could you direct me to where you found out about meetups in surrounding areas? I completely agree, the time has come to get back into the flow of things. I would imagine you would be willing to meet up sometime in the near future when we're able to put it together?

Awesome @Sunkul Soni messaging you directly now ! Lets make it happen 

Sounds good @Robi Schreckhise ! I'm joining now, hopefully we can put something together.

Hey BP Fam, I am a rookie investor looking to soak up as much knowledge as I can! I want to connect with some local Charlotte Metro investors, contractors, property managers, lenders, etc. From what I've seen, some REIA groups have postponed meetings for the foreseeable future.

Is there anyone else in the area hosting meetings I am unaware of? How can I get more involved? I am primarily interested in house hacking and flipping, and I am seeking ways to get a bit more hands on while I analyze deals, read books, listen to podcasts and watch YT videos. 

Any advice is appreciated. 

That’s solid info Joe, thank you very much. To your last point I’ve seen cash flow is probably most important, would you elaborate on your 2nd point about $$ vs. %% please?