All Forum Posts by: Sheika Nikole Reid

Hey. It sounds like you have a great plan formulated. I identify with your story in that I'm getting my start in the market in Washington, DC. I'm planning on starting with smaller units, then switching to larger multi-units within the next 2-3 years. What are some of the books and articles that you have found to be the most impactful?

So excited for you! What are you planning to do with this property?

Good morning all. My name is Sheika Nikole and I am a blossoming wholesaling/rehabber/investor in DC. I put a down payment on my first condo last week. I have 30 days from then to provide the rest of the funds. There is plenty of equity in this place which has made me very tempted to get a hard money lender to fix it up myself (would definitely be my first job) However, I am also being advised to just quickly wholesale it to a rehabber so that I can recover from the initial payment and move on to the next deal. I would like some perspective on when it's best to fix, when it's best to flip, and when to hold. What are logical terms for hard money lending?

Good morning all. My name is Sheika Nikole and I am a blossoming wholesaling/rehabber/investor in DC. I put a down payment on my first condo last week. I have 30 days from then to provide the rest of the funds. There is plenty of equity in this place which has made me very tempted to get a hard money lender to fix it up myself (would definitely be my first job) However, I am also being advised to just quickly wholesale it to a rehabber so that I can recover from the initial payment and move on to the next deal. I would like some perspective on when it's best to fix, when it's best to flip, and when to hold.

@Russell Brazil Thank you so much! 

Hey @Tamara V. Thank you. I am excited to learn about what opportunities are available here on Bigger Pockets. Do you have any experience with development?

My name is Sheika Nikole Reid. I am a 25 year old DC Native currently working with my family's brokerage in the nation's capitol, while I finish my undergrad in Civil Engineering at Howard University. 

Currently:

I am looking to engage in my first rehab. I spent last summer working for a Private Equity firm in Baltimore, so I am analyzing the details of my first deal there. Over the next year I would like to do a few more single family fix-ups, then do a multi-family next year.

Long Term:

Firstly, To prosper financially while creating opportunities for others, connecting people, and loving the life I live. 

More specifically, to expand into larger developments as my skills and knowledge-base develop. Then hit the cover of Forbes so I can talk about the communities I've changed and the lives I've impacted.

Seeking

People with experience to partner with and to learn from while I navigate these first few deals, but also to foster long term relationships and a team to grow with. 

Hobbies/Interests

Love to play tennis, learn about tech, financing, meet amazing, inspirational people so that we can discuss politics, religion, and anything really.