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All Forum Posts by: Arpan Patel

Arpan Patel has started 14 posts and replied 478 times.

Post: Finding Historical Prices

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Just the usuals like redfin or zillow. They will have that. Just enter the time periods you are looking for and they should come right up

Post: What States to invest 100K to 200K?

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Turnkeys are a good idea and that wasn't a bad suggestion at all. 2-3k a month from 100-200 might be a bit much right away but doable. Key is finding a good company. There are many posts here to help with that. It can be a bit tricky and there is a bit more work in vetting the provider and the asset versus just the asset if you were to do it yourselves. Definitely doable and a solid suggestion

Post: Does multi-reading work?

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Depends on you. I like one at a time myself because I want to put it into practice right away and I feel over loaded to try and implement multiple stuff at once.

Post: LLC or Incorporation

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Probably S but ask your tax professional of course. I wouldn't make the business until you start pulling in money - say your first 5k.

Post: A hand shake to my dream

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Well I say go get it!!! Got an idea about a pathway forward and some people who can teach you and pay you too!!! Take full advantage of that opportunity I say!!!

Post: I never purchased real estate and recently acquired $400,000

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

I'd figure out first what general strategy I wanted to start with. Then find an area you are comfortable with and the numbers work and then start assembling your team before you start taking down deals. Those factors will determine how far your capital will go and what it will be able to do for you.

Post: How to approach mentoring

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Find a way to add value to their business and then stay close - not literally - with that person. That seems to be the best approach I have seen.

Post: How would YOU make this happen?

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

There are more of course but that seemed to me to be the quickest but maybe Airbnb could be faster as well. Probably better to pick a strategy first and not so much a dollar amount. Otherwise, you might shinny object syndrome

Post: Step by step instructions for wholesaling off MLS

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

One Caveat is if you are buying it yourself with bridge financing and then trying to resell. I still would not do it but at least you are proving the current seller an exit.

Post: Step by step instructions for wholesaling off MLS

Arpan PatelPosted
  • Investor
  • Chicago, IL
  • Posts 504
  • Votes 191

Don't - you will lose credibility and the people who happen to take your deal will find out they could have easily cut you out. If you want to wholesale, find off market deals. Finding deals off the MLS to wholesale adds no value to your prospective buyers. Just don't