All Forum Posts by: Jaspreet Baveja

@Jed Jordan - Welcome to BP! You aren't in that unique a situation, and REI (Real Estate Investing) is a amazing investment vehicle to generate passive cashflow for your retirement (whenever that might be). Since you're not so sure about tenants, and are ok to give up that control, you can either invest in enough properties to justify a great Property Management team at a premium. Or, invest passively in Syndications with a reliable Operator.. or you can do a combo of the above... or you can get into Notes/ Trust/Deed investing! You control the debt, but no tenants or hassles of managing the property, ESPECIALLY if your borrower is a reliable investor with a lengthy track record of over a decade. That's what I have chosen to do and find it generates a GREAT return rate for my nest egg. There are forums dedicated to that on this site or you can reach out directly as well if you want to chat further. Best of luck!

@Jonathan Wallace - I second @Jeff Schechter 's advice on talking to Brett @ Simple Wholesaling to get started in the right direction! Best of luck

@Ryan A. - Welcome to the insanity of CA tenant laws! 100% in tenant favor and I would HIGHLY caution you against a Stockton/Sacramento investment, especially in this market where they may reduce rents by 25% across the board or force rent forgiveness (not forbearance) and the existing eviction moratorium! Quality of life, tenants and neighborhoods all play a factor into your Pro-forma analysis (at least they should). Go beyond just the numbers and make sure it still makes sense! Just my $0.02

I invest predominantly in Indianapolis and I am primarily a Private Money Lender now. I originate my loans, leverage Title Companies and lawyers to draft those docs and all the good stuff. There are reputable PM companies out there, and I've dealt with a few as I acquired, got fed up with, and eventually disposed of my smaller multifamily portfolio out there. I still do flips sometimes, but primarily a lender now and LOVE my 90% Passive Income (10% of time to underwriting deals). 😁 Feel free to DM me if you want to chat!

@Ryan A. - I had a SFR rental in Walnut Creek, condo in Dublin and have since moved it all OOS. The sheer level of leverage a tenant holds in CA is insane to me. The durations and processes of handling bad situations also scare me. I've already had to pay my mortgage on a tenant occupied condo for 6 months before, with no income, as that's what the judge decided to award her as a "reasonable time to vacate" due to non-payment of rent, due to a single mother with 3 kids!

Anyways, I'm sure there's plenty of resources here around active investing, but I went to Notes (originating my own) as a form of passive income and I prefer this way more. I invest in syndications as well for passive income! Feel free to PM if you want to discuss those. Best of luck man.

Hey @Jim Hartmann - I would love to connect as well. PM me and let's see if we can't get you into some Performing Notes in the Indy market! Trying to make it easier for you to do your DD and evaluate Market Values etc accordingly as well! These are all seller financed transactions with months of seasoning and can range from under $10k for 2 years to over $100k for 20 years remaining! Look forward to hearing from you!

@Ryan A. - I am in the East Bay (same city as you) and Kudos for your earnings, planning and goals! I would say REI is definitely something you should add to your portfolio! Now, whether you want to buy and hold in the Bay Area, Out of State (for actual cashflow), or house hack - totally up to you! However, if you want to be more passive in your approach, you should STRONGLY consider the Private Lending space. Especially if you are able to get a free consultation with a lawyer to review the documents, go through a reputable Title Company, vet the borrower and have fully drawn up document packages! This is what I do now and have had tremendous success over the past 2 to 3 years! There's also syndications (especially for an Accredited Investor) on CrowdStreet and such platforms as well. Let someone else do it with your money, and if you want to, jump into it yourself as well! Best of luck and feel free to reach out if you ever want to chat / meet (when the insanity ends)!

@Daniel McNulty - I am a Private Lender myself, and the flow of borrowers is a plenty, as you can imagine! I've helped many people place their funds into 1st position liens in Indy before, and continue to do so now. PM me if you want to talk further.

@Joe White - Excellent post. Having done all 3, I agree! I use a combination approach to fuel my income now, all at a very small organic scale of growth. I was wondering why you think that the purchased home automatically means that the borrower has skin in the game? Is the assumption that they've bought it all cash and now just need your funds to renovate? If not, now your security is in the 2nd position, right?

@Brett Burky - Thanks. Will take a look

Any specific area you've figured out? Price points? Interest Rates? Any criteria you can share to help you get what you need?