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Dang, sorry I meant to comment on the post!
Any Saudi folks here? Alf Mabrook!
Jummah Mubarak Fam ☪️💚
14 Muharram 1444
Just came from a salatul janazah.. 😢 😔 😞
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Nowhere near your position mashaAllah but maybe you can use your income to hire a team that identifies more and more investment properties for you and another team that manages them all
We need more of this in our community. I’m assuming you purchased these pre-covid, so that was a really good move. Unfortunately, with the cost of capital so high these days, RE has become a tough investment. Regardless, you should share your story with others, so people in the community can benefit. May Allah give you more success. Ameen!
Community Builder
Ameen!
Actually can YOU give any advice or suggestions to help? Currently struggling with budgeting 😭
Age and risk tolerance?
Community Builder
25, low risk tolerance
Mashallah!!! I love this for you and it’s something that I want to work on for myself. I’ve learned a lot about real estate investing and also taken a few courses so I’m happy to recommend resources, people to follow, and lend a coaching ear. You also have a lot to share from your experience!! From what I see, it’s going to depend on what you’re interested in doing… do you want to keep growing your doors. Do you want to do flips. Do you want to go into commercial RE. Do you want to go out of your current market. Do you want to do bigger deals (syndicate etc.).
Community Builder
Thanks for this - we should definitely connect and talk further. For now the focus is growing longer-term rentals. CRE and fix and flips are the next step
Which Islamic mortgage did you take your loan from?
Community Builder
Guidance
mA! Once your properties are paid off, can you leverage those to buy more? Guidance might have a program. Expand your market too. Which market are you in right now? Also, are these single family homes or multi-family?
Community Builder
Yeah was thinking about using Guidances HELOC but I’m trying to understand how much to leverage. Townhouses for now, all in NJ
Real estate in general is harder to scale. Everything i is deal based. Focus on multi families and look at a different market. NJ is expensive, for the same money you could probably be doing multiple properties elsewhere. I'm not a fan of guidance based mortgages for investments so cant even take advantage of my own advice.