All Forum Posts by: Syed Shah

Hi Ernest, thanks for organizing it. Is it open for anyone to come; network and learn?  Thank you again. 

@Chris Seveney, thanks for your advice and input. I am glad, you are local. Let's please connect and I would love to explore and learn a bit more from you, if that' alright by you? Since, I am not closing any of my options and keeping an open mind about everything. Thank you. 

@Account Closed, thanks for your  contribution. I am just curious, how does this land stuff work? I have absolutely zero knowledge about it, can it generate some passive income streams?  Thank you.

Thanks very much all. Yes, I am reading quite a few things on BP and also, seeing videos of BP on youtube, as well as general REI.

Definitely this forum has a lot to read and absorb :)

So do we have any locals here who can chime in or advice? :)

Any advice about :

One last question, I have read at many places trying to do everything on your own can be overwhelming. For anyone who has 1-2 investment properties, do you guys maintain it on your own or higher contractors and PM for everything and if so, what source do you suggest?

Thanks again.

@Ali Boone, thanks very much. That's very helpful advice in terms of '3' and makes total sense. Let me have a read on '2' article and think I have an answer for '1' too.

One last question, I have read at many places trying to do everything on your own can be overwhelming. For anyone who has 1-2 investment properties, do you guys maintain it on your own or higher contractors and PM for everything and if so, what source do you suggest?

Thanks again.

@Justin Dossey, thanks for your kind response and reply. 

Yeah, I did use 'Search' member option to find locals. But don't want to look like a stranger, sending messages and asking for coffee/help. Hence, posting here, because it's a lot easier to communicate if someone has contributed to the thread or at least have some background :)

Thanks again.

So I have looked up on quite a few meet ups from various sources and websites. I have been living in Northern Virginia area for almost 10 years and know the area, not an expert though.

Trying to get my feet wet into REI, for passive income streams; rentals and maybe into commercial(but in future).

Majority of the meet ups around here seems to be full of sale-pitch. So are there any locals, who know and can recommend certain meet ups? I'll be happy to learn from those groups, since want to learn about local laws for tenants and ensure all of my bases are covered before I pull the trigger?

So anyone has any advice or suggestions? Also, I know Fairfax area is a sough after area, but it's on pricey side. Would Prince William county be next choice or no? Thanks for all the advice and help.

Antoine Martel, thanks very much for your kind response. I appreciate it.
1- Yeah, out of state prices are a lot cheaper than DC and surroundings. I means, there are areas around here which are cheap, but they are not sough after neighborhoods. Another follow up question to this, is it safer to pay off my current house where I am living? So, that in case if I have no tenants, will be able to take care of the mortgage payment.

2-Many people suggest to not use PM, if property count is 1-2, because it affects cash-flow and hence, buying within 2hrs of existing place?

3- Again, reason why I said 15 is, because if I pay off my existing house, I can do double payment towards newly acquired rental place. Plus, better rates?

Now, in my ares there are no multi-family homes and I am NOT really interested in a condo. Between single family and a townhouse, I am leaning towards a townhouse. Is it a safer choice or I should be choosing a SFH.

Thanks again for all of your help and advice.