167: 7 Doors in 11 Months While Investing Out-of-State w/ Hashim Ismail
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.
In This Episode We Cover
Analysis paralysis and how to use goal-setting to overcome it
How to use the BiggerPockets Forums to build your investor network
Out-of-state investing and how to penetrate a market you know nothing about
Using processes to mitigate risk and how to make a repeatable investing system
Desk appraisals and why they’re worth every penny
How to approach networking and get the most out of every interaction
And So Much More!
Links from the Show
Ashley's Instagram
Tony's Instagram
Tyler Madden BiggerPockets Profile
Real Estate Rookie Facebook Group
BiggerPockets
BiggerPockets Conference
BiggerPockets Forums
Facebook Business Ads
Real Estate Rookie Podcast
BiggerPockets Investment Calculators
BiggerPockets Bootcamp
Fixated On Real Estate
Cardone Capital
Grant Cardone
Google Maps
Zillow
Redfin
Starbucks
Walmart
James' Instagram
James' Youtube Channel
Rookie Podcast 165: A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1)
Rookie Podcast 166: Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard
Stessa
Rentometer
Connect with Hashim
Hashim's Linkedin Profile
Check out the full show notes here: https://biggerpockets.com/blog/rookie-167
Learn more about your ad choices. Visit megaphone.fm/adchoices
Create your
podcast in
minutes
It is Free