All Forum Posts by: Shoaib Ali Chaudhary

You are in a good spot with your background and skills, but you are putting too much pressure on making it your full-time job now so you sound like you are rushing. You should be going to real estate investor meetups as much as possible and you will walk into partners and friends over time. Right now, scrolling the MLS is just a waste of time unless you are going to look at the price points so you can adjust to the costs of houses and construction in the area.

Hi @Shoaib Ali Chaudhary

I would start off by getting your team together or as Brandon Turner from the BP podcast calls it. Your CORE 4

1. Your contractor

2. Your deal finder (agent/wholesaler)

3. Your property manager

4. Your Lender

My suggestion to find #2 & #4 would be to go to the top of this page and click on FIND AN AGENT & FIND A LENDER. There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area. My suggestion would be to select someone with the most forum posts or most reviews. That way you know they are active in the BP community!

@Shoaib Ali Chaudhary The background you have now will help you with understanding cost more when it comes to owning a property that might need either a cosmetic turn or fully renovated. Two good books to read since you're just starting out - Rich Dad Poor Dad by Robert Kiyosaki and How to Invest in Real Estate by Brandon Turner and Joshua Dorkin.

You'll need to attend and network at real estate meetups to meet people that are already doing what you're trying to do where you're at. Be excited to learn from them. If you're introverted and shy, you'll be ignored and left in the corner eating a piece of pizza wondering where all the deals are at. Ask if you can shadow any of them and shadow them full time for at least a full week/months before making any big changes in what you're currently doing. Ask questions and don't be afraid to sound stupid. 

Contractors and sub contractors are some of the hardest pieces to find. They're more blue collar and are not always the most reliable if they're too tied up in other projects. If you can chat with any of their references before working with them, that will help a lot in deciding whether you should work with them or not. Consider looking into long term rentals/potential house hacks if it makes sense where you're at. Keep it simple starting out.

You are in a good spot with your background and skills, but you are putting too much pressure on making it your full-time job now so you sound like you are rushing. You should be going to real estate investor meetups as much as possible and you will walk into partners and friends over time. Right now, scrolling the MLS is just a waste of time unless you are going to look at the price points so you can adjust to the costs of houses and construction in the area.

"Hey Shoaib,

I'm also new to investing, and I can see you’ve got some solid skills. I live about two hours from Dallas and agree with Kristin about attending meetups—there are far more opportunities in DFW compared to where I am, which is why I make the trip there for events.

I’d also suggest finding a good, investor-friendly real estate agent. They can often recommend key team members like contractors, broker, and property managers. If you're interested, I can send you some Facebook groups that host meetups in the DFW area. In fact, Pace Morby is coming to Grapevine on the 9th at the Gaylord, and that should be a great event to network.

Just my two cents. I hope this helps!

Hey Shoaib! Having a crew is definitely the right thought process. I would definitely beware of contractors on FB... while most are legitimate and do quality work, others are not and many are scammers.

Are you wanting to build or rehab? Either way, it's important to have a team by your side as you do this. There are several REI Meetups in the DFW area, I would suggest to start networking there. I meet most of my contractors through networking. Always remember, the cheapest is not always the best! But, I'm sure you already knew that. :)

Reach out if you have any questions.