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