All Forum Posts by: Ziad Hamati

Anthony, welcome to BP. I am a novice real estate investor as well .. - maybe a little more than a novice since I own 2 rental properties but I am definitely at the beginning of my journey. 

We can definitely share what we have learned and discus furthermore. I live in H-Town. 

Pick a market area and stick to it, but the location of that property within the targeted market plays a role for sure (keep that in mind).

If you are doing the BRRRR method, means you are paying cash. With a cash offer, you have more power. So definitely don't be running your numbers based on listing price. Find out what price works for you and put an offer.

Regarding the characteristics, there is so much to look at. It also depends on your strategy and goals. I invest in a small town where appreciation is low and steady, but cash flow is high. I chase the cash flow. Therefore, I pick my properties to be in A/B locations. Get with an agent who can run you comps to know exactly how much you can rent it for. At the end of the day, if your numbers check out, go for it.

What do you think? Do you like the numbers? are you confident about the rental income? 

Based on calculations, you are getting around ~11.5 - 13 % ROI, accounting for a 7% vacancy & 7 - 10 % for repairs.

Thanks for the response. Good advice on adding properties up to a $ threshold to one LLC.

 Thank you for your response. 

Hello,

I am a rookie real estate investors with 2 rental properties.

I have both of properties under my own name. I have a plan for the next five years to purchase more and more properties. However, I am not sure which way to go about regarding asset protection.

creating an LLC for every property in the future can be costly. Is series LLC the way to go? (I live in Texas). Or maybe an umbrella policy?

Hello,

My sister is US citizen who has been living overseas most of her life and I am helping her get into real estate.

Since she has lived overseas, she has not been able to build credit. She did get a secured credit card about 3 months ago.  When talking to a lender, he recommended two things:  

1) Apply for a loan with her secondary passport as a non resident so she would get good rates. According to lender, it is a much simpler process. 

2) Apply for a loan as a us resident. Since not much credit history, she would get a smaller loan and higher rates. 

Would appreciate some tips and opinions about what best option is. I am against option 1, since lender is trying to find his best interest. Plus the downside to investing as a foreign is taxations. 

Thanks

Maybe raise money from friends and family and pay back at lower rate?

Brian, since your 401k is active (you are still with current employer), you are not able to invest / buy real estate. You would have been able to use 401k to buy real estate if it was from a previous employer.

You can make changes to a contract only if both parties agree (Lease Addendum). Suggestion is to maybe give him 2 months notice with free rent? Or however you would like to negotiate :)