All Forum Posts by: Varinder Kumar
Varinder Kumar has started 70 posts and replied 346 times.
Post: Just starting out - is Buildium a good choice?
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
sure did that's why I typed you do not need software to manage 👍
Post: Just starting out - is Buildium a good choice?
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
Originally posted by @Ray Lai:
Did you even read his post? He plans on paying 5 more and scaling. You need software and systems to scale properly. Doing it, poor man's style, is not possible time-wise and accuracy wise when you have more than 1 property. Even with 1 property, if you use good software it saves you time. Time is money (if you know how to convert it).
Post: Buying Mortgage Notes
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
Feel free to PM me. I have performing and non-performing notes.
Post: Mortgage Notes Payment Tracking software
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
Board your loan with a servicing company. If you have "a lot" of notes then doing your own servicing is not worth the headache or savings.
Post: Performing & Non Performing notes up for grabs
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
I have performing and non performing notes in various states of the country. All going at a great price. Please reach out to me if you are interested and we can go over it in detail. Thanks!
Post: Just starting out - is Buildium a good choice?
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
Hey Aaron,
I self manage my own SFR also and I do not use any software etc. You dont need it man to be honest.
Post: When and when not to use a HELOC for cash-flowing investments?
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
Well i would pay the heloc payments, but the NPN I bought is already foreclosed on, so by the time i get the collateral file which is about 30 days from purchase of note the asset should be already REO. I would just list it for sale as cash only, or sell it to another investor in that area. Obviously my numbers already done on it to if i were to sell to another investor so that they can flip the home i would still have a great profit and leave enough meat on the bone of course for them to profit after flipping it also. And if i were to list it with an agent i would probably get a little bit more for it but it would probably take a little bit longer to sell, maybe. With the proceeds of the sale i would pay off HELOC. Thats my strategy right now. I am not looking to get anything re-performing as of just yet.
Post: Analysis Paralysis is very, very real...
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
Post: When and when not to use a HELOC for cash-flowing investments?
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
@Dave Van Horn I agree. I am looking to utilize a HELOC on my rental to fund a NPN which I would sell for profit. Of course the NPN would have to meet certain conditions so that i am able to sell it in a short period of time. Id like to hear your thoughts on this concept of funding NPN's via HELOC Dave. Thanks!
Post: HELOC to invest in Notes?
- Real Estate Broker
- LA & ORANGE COUNTY CA -Multi Family
- Posts 372
- Votes 132
the reason why is because you know notes and they don't. My strategy is different I'm not cashflowing I'm simply buying and selling g the property for profit. I'm giving 10% interest only payments for 12 months, secured by title of home. Example $20k purchase @10 per cent = 2000 for 12 months interest only monthly payments of $166 a month, if they can get better returns in other markets then be my guest.