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All Forum Posts by: Syed H.

Syed H. has started 0 posts and replied 743 times.

Post: Is SFR Cashflow a Myth?

Syed H.Posted
  • Developer
  • NY/NJ/PA
  • Posts 758
  • Votes 934

It's not a myth, this problem exists in all RE investing. Too many people are bad at analyzing RE. A percentage for maintenance/capex is stupid and inaccurate. you put a flat $75/month for what reason? How'd you derive that #?

Also most people are bad at managing their property or at managing their property manager. 

Post: $10,000,000 to deploy -- where would you put it?

Syed H.Posted
  • Developer
  • NY/NJ/PA
  • Posts 758
  • Votes 934
Originally posted by @Account Closed:

Spending hypothetical money is completely different than spending your own. There are a lot of people with $10M and none of them would put it into a single asset class. This kind of speculative thinking gives no actual valuable insight into anything at all.

 exactly. my net worth ended up becoming about 50% RE, 25% small businesses, 15% equities, 10% crypto. Can't complain on the results. 

Post: $10,000,000 to deploy -- where would you put it?

Syed H.Posted
  • Developer
  • NY/NJ/PA
  • Posts 758
  • Votes 934
Originally posted by @Bruce Lynn:

30% NNN, 20% in 5 apartment deals, 20% in 5 apartment funds, 30% Industrial.

Crypto is where the bubble and fraud is....

Stock market potentially still falling so if you have to do it today, maybe not today. 

there's plenty of fraud in RE too. easy to call something you don't understand a bubble and fraud 

$10k/month? I'm not even a big spender and thats just too little money lol. 

Realistically most investors won't replace their income because of 1 of 3 reasons:

  • They don't have enough income to use to invest 
  • They don't have enough time to use to invest
  • They mismanage risk

RE requires money and/or time. It's just a fact. No way around it. 

    Post: Should I wait for 'the crash' before I buy my first property?

    Syed H.Posted
    • Developer
    • NY/NJ/PA
    • Posts 758
    • Votes 934
    Originally posted by @Account Closed:

    Why would you do that, when the government could just come in like they've done in the past 2 years and say, "You can't Evict because of COVID, slave!?"

    Smart, don't buy any rentals. Leave us dumb people to deal with the government.

    Post: Allentown PA Multifamily

    Syed H.Posted
    • Developer
    • NY/NJ/PA
    • Posts 758
    • Votes 934

    Sure shoot me a dm

    I run a small portfolio. I have some higher priced units (mostly renovated). If you want my numbers shoot me a dm.


    Most local PMs are horrible at pricing anyway. I get 10-20% higher rents than most PMs here.

    Post: Fair Offer Price for multi-million dollar deal

    Syed H.Posted
    • Developer
    • NY/NJ/PA
    • Posts 758
    • Votes 934
    Originally posted by @Jonny Mcknight:
    Originally posted by @John Teachout:

    What we have here boys and girls is an excellent example of how not to start out in the Bigger Pockets Forums. This is a great place to give and receive advice and information but it's not for everyone.

    Actually, minus a few trolls, I got amazing advice and a now an ACCEPTED OFFER, an update. The seller is motivated! Rather, this here boys and girls, is an excellent example of how those who have something positive and sensible to contribute to a thread should be allowed to do so without having those helpful posts be convoluted with other posts that are rude, unwarranted and unhelpful by those with negativity, bitterness and jealously. Those folks should just scroll by and watch as those of us who can get deals done, do so.

    THANK YOU SO much to all again who's advice made this offer happen and to others, do yourselves a favor and just leave posts alone that you have nothing of value to contribute to.

    Real estate isn't just about pulling off one deal. You sound like you don't know what you are doing. Wholesaling illegally, especially high $ houses, is a risky business. My recommendation would be to figure out how to do what you are doing legally (every state is different), so even after you close and make that $100-$200k check you don't get sued by the previous owner. Trust me I've seen this happen to wholesalers before. Multiple times, for much lower priced RE. 

    Post: To Manage Or Not to Manage?

    Syed H.Posted
    • Developer
    • NY/NJ/PA
    • Posts 758
    • Votes 934

    No. Honestly anything under 10 units takes maybe 5 hours of your time monthly to manage. It’s not that hard. 

    Post: New investor question on first rental unit

    Syed H.Posted
    • Developer
    • NY/NJ/PA
    • Posts 758
    • Votes 934
    Originally posted by @Charlie Cooper:

    Where is this property located? Each "suburb" of Allentown can be vastly different in terms of rents and the quality of tenants.

    Oil is the same as other utilities, have them pay for it. Measure it when they move in and expect it to be at that level or above when they move out. I wouldn't provide a mower or window A/Cs, just more things you'd be responsible for upkeep on. Tho some may argue about the window units because of the potential damage when installing them. Trash is usually on the owner in this area, but water/sewer you can just bill back to tenants after the bill comes in.

    I would just build the shed into your rent and not try charging them extra for it. If you had a garage, they sometimes can get added for an extra fee depending on the property layout. I wouldn't bother with the attic but again is area dependant. 

     Basically all of this.

    Except on SFH's I bill back everything, including trash.

    Attic it depends if you can raise the rent or not. Depends on the area. In center city Allentown I would.