167: 7 Doors in 11 Months While Investing Out-of-State w/ Hashim Ismail

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.7 • 1.8K Ratings

🗓️ 23 March 2022

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 Instagram 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

Transcript

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0:00.0	This is Real Estate Rookie, episode 167.
0:05.6	The market sell was interested in when I tied.
0:10.6	People that are investors, brokers, real estate agents, general contractors, all of those
0:15.6	I started bullying and reaching out.
0:17.6	The way I approached it was more on the networking piece and then helping each other.
0:25.4	My name is Ashley Care and I am here with my co-host Tony Robinson.
0:29.8	And welcome to the Real Estate Rookie Podcast where every week, twice a week, we bring
0:34.6	the inspiration, information, education to get started or keep going in your journey
0:40.2	as a new real estate investor.
0:42.3	So, Ashley Care, what's going on?
0:45.0	What's new in your world?
0:46.5	Well, I think we should talk about how me and you got to hang out because that's always
0:50.4	an exciting and fun time when we get to see each other in person and not on Zoom.
0:56.0	And this one was actually for a really good cause.
0:58.2	So, last year at BPcon, all the hosts for the podcast, they decided to offer up different
1:04.1	things for a charity.
1:05.9	And I think it was called a hero's home.
1:07.8	Yeah, that was, yep.
1:09.2	Yeah, so it was a charity that benefited veterans.
1:12.3	And what Ashley and I decided to read off for up is whoever won us got to spend an entire day
1:18.1	with us. We're going to fly out to whatever part of the country they were in.
1:21.6	And this past Tuesday, Ashley and I got to hang out with Susan Rehill and spend a day in Tacoma,
	...

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