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All Forum Posts by: Sid Sriram

Sid Sriram has started 6 posts and replied 7 times.

Post: Cash flowing areas in Florida?

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3

Any Florida investors here? Currently, I am looking in Ft. Pierce, FL and Jacksonville, FL.

Post: Investing in Multifamily in Virginia

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3

I'm relocating to McLean Virginia, and I figured this would be the perfect opportunity to begin building my real estate portfolio. interested in investing in the McLean or Arlington, Virginia areas. Since this will be my first property, I want to house-hack using an FHA loan since I don't have much to put it as a down payment.

Has anyone else purchased multifamily properties in the area? Would love to connect with real estate agents from the area or other investors who have done something similar!

Post: How do you introduce yourself to Sellers?

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3

I am a new investor getting started contacting potential sellers. My question is: how do you all introduce yourself to the sellers? Do you tell them that you are a wholesaler or do you tell them that you are a cash buyer? Would love to hear your thoughts and strategies of how you guys are able to secure deals.

Post: Setting up Contracts for my first Wholesale

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3

Hi all, I'm a new investor trying to use wholesaling as my starting strategy to build capital in my portfolio.

I have begun reaching out to property owners and potential buyers to build my network. I want to start giving out offers to property sellers so I can get the ball rolling on my first deal. However, I do not know how to set up the buyer/seller contracts and get the deal secured to get my wholesale fee. Are there contracts available online? Do I need a lawyer or legal representation when asking the buyer/seller to sign these contracts?

If any wholesalers from NJ see this post and would like to connect, I would love to hear your thoughts.

Post: Buying my first Multi-Family Property with FHA in San Diego

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3

Hi all, I'm a 22-year old, first-time home buyer who has been wanting to get involved in rental properties for a while.

I'm looking to relocate to San Diego in a few months, and I figured this is the perfect chance to begin build my real estate portfolio. After researching different types of rentals and loans, I decided the best way was to buy a duplex or triplex with an FHA loan and live in 1 unit while renting out the other units. I'm wondering is this the best strategy for someone in my situation with not much capital for a down payment? If anyone has any better ideas I would love to hear about them.

If any investors have done something similar with an FHA loan, I'd love to hear your thoughts and any advice to get started. If any real estate agents from the area see this, I would love to get on a phone call and get some more info.

Post: Buying my first Multi-Family Property with FHA in San Diego

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3
Originally posted by @Greg Scott:

I would not consider moving to San Diego to be a great opportunity to get into real estate investing.  Trading one high-priced landlord-hostile market for another just like it doesn't see to represent an opportunity.  Consider investing in a place where the numbers make sense and you have a good shot at cash flow.  In the long run, you'll be better off.

Good point Greg, the reason I wanted to begin investing as I move is to take advantage of an FHA loan to buy a multi-unit property. Any thoughts on how to use an FHA to my advantage?

Post: Buying my first Multi-Family Property with FHA in San Diego

Sid SriramPosted
  • Investor
  • New Jersey
  • Posts 7
  • Votes 3

Hi all, I'm a 22-year old, first-time home buyer who has been wanting to get involved in rental properties for a while.

I'm looking to relocate to San Diego in a few months, and I figured this is the perfect chance to begin build my real estate portfolio. After researching different types of rentals and loans, I decided the best way was to buy a duplex or triplex with an FHA loan and live in 1 unit while renting out the other units. I'm wondering is this the best strategy for someone in my situation with not much capital for a down payment? If anyone has any better ideas I would love to hear about them.

If any investors have done something similar with an FHA loan, I'd love to hear your thoughts and any advice to get started. If any real estate agents from the area see this, I would love to get on a phone call and get some more info.