Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Chinmay J.

Chinmay J. has started 51 posts and replied 1181 times.

Post: Have you / would you buy a franchise?

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

I am surprised to see the question here, since this is mostly real estate forum.  But currently I am planning on looking into Jimmy John's franchise. I love their product and have talked to couple of their franchise owners, who talk highly of their system and business model.  I tried Subway a few years ago, but the experience was awful. I personally think Subway has become saturated with in literally every single corner. Also the brand has taken somewhat of a beating with Jared Fogle's transgressions. 

If anyone has any insight into Jimmy John's reach out to me via PM.

Post: Anybody own investment properties in Woodbridge VA?

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

If anyone needs Northern VA based realtor give me a shoutout. PM me to get more information on what I can offer.

Post: Greetings from northern Virginia

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

Guys - I live in Leesburg, VA (Loudoun County). I am also willing to join in the discussion/meet up if y'all are interested in getting together.

Post: Direct mail postcards creation

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Daniel Clay  - As a newbie direct mailer (which you seem to be) you should also focus on your target market and your business strategy. OK you have decided to do a direct mail campaign? But whom are you targeting? Pre Foreclosures? Landlords? Distressed properties? How often do you plan in sending them? Most people get success from sending them at regular intervals. If I were you, I would fine tune these details first and then worry about the cosmetic details. Perhaps not the exact advice you asked for, but I thought I would pitch in with my two cents.  

Post: Looking for a lender that will finance $30K duplex

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Emilio Basa - The concept is not hard to need a dedicated website. I will give you an example. If I make $80,000 per year (hypothetically), given that I don't have immediate need of cash infusion, which sounds better? $5K each year for next 6 yrs + interest or $30K lump sum. I would rather go with the former as its beneficial from personal tax planning POV.  Look up Federal tax rates. Now imagine if I make $1,000,000 per year. Another $5 K per year or $30 K per year is not going to make much difference to me from tax POV. I would rather have $30K lump sum and not have to worry about getting measly $5K from you for  next 6 yrs or so.  Each individual case is different. If your client falls in the first category - average to middle class, then he can definitely benefit  from seller financing you the property. 

Post: Looking for a lender that will finance $30K duplex

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Emilio Basa  Look for private money. The interest rate will be higher than bank, or even better see if you can convince the owner to do seller financing. Explain him the benefit of getting stream of cash every month vs lump sum.  Explain him the tax advantages in this approach.  Good luck 

Post: Where do I "stack up" against other investors my age? 6 YR PLAN

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Samantha Klein - My long term goal is to be just like you. Too bad I can't do it in short term.

Post: Short sales

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Lonryco Robinson - You can google this information very easily.

Post: Seller Financing a 12 Unit

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Keagan W Poole - No, if I were the seller, I wouldn't give you financing with only $500.00 in your bank account regardless of how great (or not so great in this case) is your credit score. Have you considered an equity partner in this deal. A JV situation with someone with more reserves perhaps?

Post: Where to find out of state owner list

Chinmay J.Posted
  • Investor
  • Northern, VA
  • Posts 1,220
  • Votes 904

@Zane McLaughlin - One of the places to find the lists is website called Listsource  (www.listsource.com). Look for the option saying absentee owner and out of state.