All Forum Posts by: Arpan Patel

Yea i don't know what will work in your area. I am sure you would be able to fact check any analysis better than me about your area. I am sure you will find what you are looking for if you look hard enough. Enjoy your journey!

Zillow, redfin (if available), trulia. I would start with the obvious places. If you are looking for commercial then loopnet. Keep it simple in the beginning and get used to the numbers and how to analyze them.

I agree that it is easier to purchase in your own name and then after you are making money, you can transfer it into a company that you form from the proceeds you are making. That makes the most sense to me so you are not out a lot of filing fee money with no asset. 

I think you can use them for that purpose. I would probably buy still in the twin cities as long as it will cash flow. I would probably get in the game now because as long as you cash flow, you can ride out most storms. Good Luck!

An aggregate site would make a lot of sense in fact. We do turnkeys with a twist but I think the best thing you can do to vet for this model is get ask them for referrals and ask around. Even current clients will give you the good and bad of that operator. Hope that helps!

What do you mean rental property brochure proformas? Do you mean a pro forma for a deal you are analyzing? if so then BP has the calcs you can use. Have you tried taking a look at those?

Hello, my name is Arpan Patel and we are fix and flip and BRRRR investors around Chicago, IL. We have extensive flipping experience (sold 6 homes last year with another one this year already sold and have another 5 on the books and a combined 19 years experience - 12 for my partner and 8 for me) and extensive turnkey and property management experience (my partner from 2000-2008 sold then managed 50 SFR units in the south side of Chicago). We are looking for investors who would like to partner on acquiring and holding rental properties in C+ to B+ areas (Suburbs not the south side of Chicago anymore). We have multiple short term lenders lined up along with and 5 intermediate term lenders (who can do cash our refinance loans with no seasoning) to can pull out all the initial investment in the deal while still retaining 30% equity and 1.2 or better debt coverage. We will find, fix, tenant and manage the tenant and asset along with the managing the financing process. We are looking for investors who have 50-60k, good credit to be our 50-50 partner for long term holds. This is for people who want to build a portfolio of rentals and cash flow by recycling capital. We are not looking for those who only eventually wants one or two units. Email or call me if you are interested. My contact information is on my profile. Talk soon!!

Too many to go through but start off small even though you know you could take on something much larger. Just start small and work your way up.

Really it comes down to what interests you, resources, model, risk tolerance, neighborhood, and degrees of active versus passive. You pretty well laid out resources but what interests you as far as model? Also, where are you looking to invest and what kind of risk tolerances do you have? Start by answering these questions and I think the path will begin to clarify itself for you. Good Luck!

Makes it a bit complicated with that amount of partners but maybe in quarters. When we partner with investors, we take half and we give them half. This is a bit rougher as giving them each a 1/6 while you get half will be a tough sell when you are just putting in time but don't have a track record. Probably quarters on the first coupe but after you are good, then maybe start upping the percentage to account for your time or maybe start individually partnering with them. Just be up front with them whatever you decide. I have always operated that way and I can sleep at night because of that and you'd be surprised at what people can come up with as a solution. Invaluable.