All Forum Posts by: Syed-Shawn Azam

(Sorry to some as this is a repost, I posted it in the wrong Forum originally)

Hi All,

I want to start this conversation out by explaining a little bit about myself and my goals, and hopefully through that I can spark a few conversations and get to know a few people here on this site! My name is Shawn and I am 23 currently working within my Family's business and working my way up to management. I initially went to a community college in the Sacramento Area and transferred from there to UC Berkeley in the San Francisco area where I studied nuclear engineering. Now I have always had an entrepreneurial mind, but I also had a fascination with mathematics and the sciences. While I was going to school I began to work within the company and shortly after being there I was already one of the top producers within the company and already making more than I would have if I stayed in school a few more years. With this being the case I proceeded to continue on within the company and have been able to travel to Europe for a few weeks and have proposed to my now Fiancé while we were there. I am now looking to invest in real estate and I am in a perfect position to pick up my first property in the Sacramento Area, specifically the Roseville Rocklin area.

This is the situation I am in: Because I am working in the Family company I will be traveling all over the United States and will be as far as Florida from here for a few months at a time. With that in mind, my Fiance will be staying in the Roseville Rocklin area and I have proposed to her of buying a Multifamily property that I can use as a "Primary Residence", that her and her sister can stay in while I am traveling. This will allow me to take out an FHA loan on the property and rent out the other units to help pay for the rent, as well as take in some rent from the soon to be sister in law. As well, my soon to be father in law, Bryan is a licensed contractor and wants to get into the real estate game with repairs on properties and flips, so for me this will jus tbe the beginning of hopefully a long investing career!

What would really help me out right now would be some pointers as to potentially good agents in the area as well as some potential advice from investors in the area who are either into flipping properties or into buy and hold multifamily properties.

With all this being said, I would like to continue this conversation below with others either like me or who have been in my situation, or who honestly just want to say hi and potentially gain a new investor friend here on the site and potentially in person!

Best Regards,
Shawn Azam

Hi @Gordon Cuffe,

Very nice to meet an active investor in the area!

It looks like you are on the side of wholesaling properties in the area, is that correct?

I really like the idea of wholesaling, as a good wholesaler can be a great partner with a fix and hold investor.  Do you find that in Roseville there is a lot of competition on the wholesaling side of things or are there more investors looking for deals?

Best Regards,
Shawn Azam

Hey @Corey Blane,

Nice to meet you! I do have some questions I just thought of. As I stated above my initial plan to get off the ground in investing is hopefully buy a multifamily property that I can call my primary residence for a at least a year while I rent out the unit, I will be partially staying in, to my Fiance and her sister, and rent the other 1, 2 or 3 units out to other tenants to cover the mortgage and then some. With this in mind, do you think I may have a problem, at least legally, going through with an FHA loan because I may not always be staying there as I travel? I may need to rent out a place in other states to stay at while I am moving around. Also, if I have the FHA here in Sacramento would I be able to get other loans for investment properties within that same year? And if so could I get another FHA loan, if lets say, I find a multifamily in Florida and rent all but one of the units in that property out and live in it part time as well? Or is FHA more of a one time only? Or at least one at a time?

Also, I have always been considering using standard bank financing for my first 3-4 properties. But you messaging makes me wonder what the benefits I could gain from working with someone like you compared to working with a bank right off the bat. And would you be able to help get financing that can close faster than a conventional bank when we get a property into contract?

And lastly, I have always been interested in meeting with a Wealth Advisor so I that I can start to plan out my financial future and make sure I am on the best and most optimal path. Is there anything in specific you recommend in a financial advisor? As well, I don't know if you have listened to the podcasts but there was one at the beginning, show 17, where they interviewed a wealth advisor who focuses primarily on people who do not have as much saved up and are over 50 and he helps them purchase discounted notes to help with retirement. My question is do you know anyone in the area that may have an expertise in that or in working with people in those situations as I would love to pass their information on to people that I know that are in that exact situation.

Best Regards,

Shawn Azam

As well I would like to add that, as with many of you, I have taken a lot of time to do research and to learn the trade of being a real estate investor. I have read multiple books on multiple topics and have been listening to the podcasts put on by Josh and Brandon and I just have to say that these guys and this community still amazes me with every new thing they come out with and every person they have on here!

I do hope that this post and future ones to come will be just the beginning of a great investing career and potentially the beginning to a few if not many great relationships within the community!

Hi All,

I want to start this conversation out by explaining a little bit about myself and my goals, and hopefully through that I can spark a few conversations and get to know a few people here on this site! My name is Shawn and I am 23 currently working within my Family's business and working my way up to management. I initially went to a community college in the Sacramento Area and transferred from there to UC Berkeley in the San Francisco area where I studied nuclear engineering. Now I have always had an entrepreneurial mind, but I also had a fascination with mathematics and the sciences. While I was going to school I began to work within the company and shortly after being there I was already one of the top producers within the company and already making more than I would have if I stayed in school a few more years. With this being the case I proceeded to continue on within the company and have been able to travel to Europe for a few weeks and have proposed to my now Fiancé while we were there. I am now looking to invest in real estate and I am in a perfect position to pick up my first property in the Sacramento Area, specifically the Roseville Rocklin area.

This is the situation I am in: Because I am working in the Family company I will be traveling all over the United States and will be as far as Florida from here for a few months at a time. With that in mind, my Fiance will be staying in the Roseville Rocklin area and I have proposed to her of buying a Multifamily property that I can use as a "Primary Residence", that her and her sister can stay in while I am traveling. This will allow me to take out an FHA loan on the property and rent out the other units to help pay for the rent, as well as take in some rent from the soon to be sister in law. As well, my soon to be father in law, Bryan is a licensed contractor and wants to get into the real estate game with repairs on properties and flips, so for me this will jus tbe the beginning of hopefully a long investing career!

What would really help me out right now would be some pointers as to potentially good agents in the area as well as some potential advice from investors in the area who are either into flipping properties or into buy and hold multifamily properties.

With all this being said, I would like to continue this conversation below with others either like me or who have been in my situation, or who honestly just want to say hi and protentially gain a new investor friend here on the site and potentially in person!

Best Regards,
Shawn Azam