7 Doors in 11 Months and Out-of-State Investing 101
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- เผยแพร่เมื่อ 29 มิ.ย. 2024
- Most people stray away from out-of-state investing, but as a dreamer and life-long learner, Hashim Ismail makes it a goal to push himself. Hashim officially started his real estate investing journey eleven months ago but began learning about real estate just two years ago. He dealt with analysis paralysis, but after making a goal to start in 2021, he decided to jump in with both feet. Through hard work, dedication, and optimism, Hashim has closed on seven properties in eleven months.
Since Hashim invests out-of-state he dealt with a whole new set of obstacles apart from the usual challenges new investors face. He combatted this by using the BiggerPockets forums to learn and network as much as possible. Hashim used keyword research on the site to find and connect with key players in the Memphis market. Through the new connections he made, Hashim educated himself on the area, without having to physically visit! Investing out-of-state can be risky within itself, so Hashim has created a series of processes to mitigate risk as much as possible. While redundancy is a large part of his process to reduce and catch errors, Hashim has found immense success simply by stepping out of his comfort zone.
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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5 Ways to Overcome Analysis Paralysis:
www.biggerpockets.com/blog/20...
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Scared to Invest? Here’s How to Overcome Your Fear of Risk:
www.biggerpockets.com/blog/ho...
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Why Making Big Goals Will Make You More Successful:
www.biggerpockets.com/blog/20...
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5 Simple Steps to Systemize Your Business:
www.biggerpockets.com/blog/5-...
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Grab The Book “Long-Distance Real Estate Investing”:
store.biggerpockets.com/produ...
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Connect with Hashim on LinkedIn:
linkedin.com/in/hashim-ismail-76087120
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Connect with Tony and Ashley on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
Episode 167
Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
04:32 Using the BiggerPockets Forums to Get Started
09:22 Out-of-State Investing & Networking Efficiently
17:51 His Process to Mitigate Risk
33:02 Financing His Properties
39:25 Rookie Deal Review
46:23 Rookie Request Line
49:43 Rookie Exam
54:44 Rookie Rockstar
>>>> ( GLODEN NUGGETS ) >>>> 26:00 he asked GC about cost to do similar homes >>> 27:48 Paint per Sq/foot >> 28:50 >>> Tony gives his past experiences
Hopefully these timestamps bring some value to some of your listeners. Wonderful video keep up the great work.👍👍👍
I enjoyed this episode, kudos on the growth in such a short span of time too.
Awesome episode!
Awesome episode. Thank you for sharing your story and your lessons learnt
Loved this episode. ❤️🔥
Love the episode! Learned about SBLOC!
Please keep the interviews going.
Asset-backed lending such as lines of credit against equities, homes, or crypto is great bridge financing for deals.
This is a great episode thank you to all let me now how I can be of services to you.
It will be great to know the name of the company he use!!!!
@real estate rookie What is Grant Cardone looking for to add value to him, via his podcast? Money investors on current properties & suggestions of real estate deals that he can buy that will provide him a good return & why? I hope that answers your question & adds value. Have an amazing day! Thanks for the great content.